Dimensional Fund Advisors LP Sells 156,299 Shares of American Equity Investment Life Holding (NYSE:AEL)

Dimensional Fund Advisors LP trimmed its position in shares of American Equity Investment Life Holding (NYSE:AELGet Rating) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,710,113 shares of the financial services provider’s stock after selling 156,299 shares during the period. Dimensional Fund Advisors LP owned 7.25% of American Equity Investment Life worth $261,157,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Maryland State Retirement & Pension System grew its holdings in American Equity Investment Life by 1.3% during the fourth quarter. Maryland State Retirement & Pension System now owns 32,825 shares of the financial services provider’s stock valued at $1,278,000 after purchasing an additional 428 shares during the period. South Dakota Investment Council grew its holdings in American Equity Investment Life by 132.0% during the fourth quarter. South Dakota Investment Council now owns 98,160 shares of the financial services provider’s stock valued at $3,820,000 after purchasing an additional 55,850 shares during the period. West Bancorporation Inc. purchased a new stake in shares of American Equity Investment Life during the fourth quarter worth $22,212,000. Easterly Investment Partners LLC lifted its position in shares of American Equity Investment Life by 16.8% during the fourth quarter. Easterly Investment Partners LLC now owns 271,120 shares of the financial services provider’s stock worth $10,552,000 after acquiring an additional 39,074 shares in the last quarter. Finally, Natixis Advisors L.P. lifted its position in shares of American Equity Investment Life by 18.4% during the fourth quarter. Natixis Advisors L.P. now owns 19,352 shares of the financial services provider’s stock worth $753,000 after acquiring an additional 3,012 shares in the last quarter. 95.15% of the stock is owned by institutional investors and hedge funds.

NYSE AEL opened at $38.06 on Thursday. The stock’s 50-day simple moving average is $38.72 and its two-hundred day simple moving average is $38.24. American Equity Investment Life Holding has a twelve month low of $27.12 and a twelve month high of $44.49. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 8.38 and a beta of 1.10.

American Equity Investment Life (NYSE:AELGet Rating) last released its quarterly earnings results on Wednesday, May 4th. The financial services provider reported $0.92 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.92. American Equity Investment Life had a return on equity of 6.27% and a net margin of 12.85%. The business had revenue of $147.80 million for the quarter, compared to the consensus estimate of $612.85 million. During the same quarter last year, the business posted $0.43 earnings per share. The company’s revenue for the quarter was down 84.6% on a year-over-year basis. On average, equities analysts expect that American Equity Investment Life Holding will post 4.26 earnings per share for the current fiscal year.

In other American Equity Investment Life news, EVP Ronald James Grensteiner sold 9,188 shares of the firm’s stock in a transaction dated Tuesday, April 12th. The shares were sold at an average price of $38.31, for a total value of $351,992.28. Following the completion of the sale, the executive vice president now directly owns 89,039 shares in the company, valued at $3,411,084.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joyce Ann Chapman sold 3,856 shares of the firm’s stock in a transaction dated Wednesday, March 9th. The stock was sold at an average price of $38.26, for a total transaction of $147,530.56. The disclosure for this sale can be found here. Insiders have sold 29,007 shares of company stock worth $1,112,023 over the last ninety days. Insiders own 1.90% of the company’s stock.

AEL has been the topic of a number of recent analyst reports. Raymond James increased their price objective on American Equity Investment Life from $40.00 to $44.00 and gave the stock an “outperform” rating in a research report on Monday, January 10th. Evercore ISI upgraded American Equity Investment Life from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $34.00 to $46.00 in a research report on Wednesday, January 5th. Morgan Stanley increased their price objective on American Equity Investment Life from $40.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 22nd. Piper Sandler upgraded American Equity Investment Life from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $36.00 to $46.00 in a research report on Wednesday, January 5th. Finally, Royal Bank of Canada increased their price objective on American Equity Investment Life from $41.00 to $47.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 12th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, American Equity Investment Life currently has a consensus rating of “Buy” and an average price target of $42.64.

American Equity Investment Life Profile (Get Rating)

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.

See Also

Institutional Ownership by Quarter for American Equity Investment Life (NYSE:AEL)

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