American Equity Investment Life Holding (NYSE:AEL) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its position in American Equity Investment Life Holding (NYSE:AEL) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,133 shares of the financial services provider’s stock after selling 200 shares during the period. New York State Teachers Retirement System owned about 0.06% of American Equity Investment Life worth $2,518,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Captrust Financial Advisors lifted its position in American Equity Investment Life by 3.4% in the fourth quarter. Captrust Financial Advisors now owns 14,663 shares of the financial services provider’s stock valued at $669,000 after purchasing an additional 483 shares during the period. Paulson Wealth Management Inc. lifted its position in shares of American Equity Investment Life by 10.8% during the 3rd quarter. Paulson Wealth Management Inc. now owns 5,650 shares of the financial services provider’s stock valued at $303,000 after acquiring an additional 551 shares during the period. NBC Securities Inc. acquired a new stake in shares of American Equity Investment Life during the 3rd quarter valued at approximately $30,000. Covestor Ltd lifted its position in shares of American Equity Investment Life by 38.9% during the 1st quarter. Covestor Ltd now owns 2,180 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 610 shares during the period. Finally, Coppell Advisory Solutions Corp. acquired a new stake in shares of American Equity Investment Life during the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 94.98% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on AEL. StockNews.com began coverage on shares of American Equity Investment Life in a research report on Monday, March 11th. They set a “hold” rating for the company. Keefe, Bruyette & Woods lifted their price target on shares of American Equity Investment Life from $55.00 to $56.00 and gave the company a “market perform” rating in a research report on Friday, February 16th. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $52.50.

American Equity Investment Life Trading Up 0.0 %

Shares of AEL opened at $55.12 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a 50 day simple moving average of $55.73 and a 200-day simple moving average of $55.04. American Equity Investment Life Holding has a 1-year low of $36.63 and a 1-year high of $56.40. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 25.76 and a beta of 0.80.

American Equity Investment Life (NYSE:AEL) last issued its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.24. American Equity Investment Life had a net margin of 7.42% and a return on equity of 25.15%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $673.53 million. During the same period last year, the company posted $1.64 EPS. The company’s revenue was up 61.7% on a year-over-year basis. Equities analysts forecast that American Equity Investment Life Holding will post 7.11 EPS for the current fiscal year.

American Equity Investment Life Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Monday, April 29th. Stockholders of record on Monday, April 15th will be paid a dividend of $0.38 per share. This represents a dividend yield of 0.68%. This is a boost from American Equity Investment Life’s previous annual dividend of $0.02. The ex-dividend date is Friday, April 12th. American Equity Investment Life’s dividend payout ratio (DPR) is 17.76%.

American Equity Investment Life Company Profile

American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products in the United States. The company issues fixed index and rate annuities, as well as single premium immediate annuities. It markets its products through independent agents, including independent marketing organizations, broker/dealers, banks, and registered investment advisors.