Teachers Retirement System of The State of Kentucky Reduces Stake in American Equity Investment Life Holding (AEL)

Teachers Retirement System of The State of Kentucky lowered its position in shares of American Equity Investment Life Holding (NYSE:AEL) by 5.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 28,800 shares of the company’s stock after selling 1,700 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in American Equity Investment Life Holding were worth $649,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan raised its position in American Equity Investment Life Holding by 1.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 23,670 shares of the company’s stock worth $419,000 after buying an additional 330 shares in the last quarter. BlackRock Inc. raised its position in American Equity Investment Life Holding by 1.6% in the third quarter. BlackRock Inc. now owns 22,807 shares of the company’s stock worth $404,000 after buying an additional 353 shares in the last quarter. Ausdal Financial Partners Inc. raised its position in American Equity Investment Life Holding by 1.8% in the third quarter. Ausdal Financial Partners Inc. now owns 25,942 shares of the company’s stock worth $460,000 after buying an additional 450 shares in the last quarter. American International Group Inc. raised its position in American Equity Investment Life Holding by 1.5% in the third quarter. American International Group Inc. now owns 60,910 shares of the company’s stock worth $1,080,000 after buying an additional 911 shares in the last quarter. Finally, Bank of Montreal Can raised its position in American Equity Investment Life Holding by 29.3% in the third quarter. Bank of Montreal Can now owns 6,786 shares of the company’s stock worth $120,000 after buying an additional 1,536 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

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

American Equity Investment Life Holding (NYSE:AEL) opened at 23.71 on Monday. The firm has a 50-day moving average of $25.94 and a 200 day moving average of $21.72. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 24.44 and a beta of 2.36. American Equity Investment Life Holding has a 52-week low of $12.77 and a 52-week high of $28.00.

American Equity Investment Life Holding (NYSE:AEL) last issued its earnings results on Wednesday, February 8th. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.06. American Equity Investment Life Holding had a net margin of 3.75% and a return on equity of 4.79%. The firm earned $622.82 million during the quarter, compared to the consensus estimate of $478.45 million. During the same quarter in the prior year, the firm earned $0.60 earnings per share. The business’s quarterly revenue was up 14.9% on a year-over-year basis. On average, equities research analysts forecast that American Equity Investment Life Holding will post $2.39 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This story was originally published by Mideast Time and is the sole property of of Mideast Time. If you are reading this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The legal version of this story can be viewed at https://www.mideasttime.com/teachers-retirement-system-of-the-state-of-kentucky-reduces-stake-in-american-equity-investment-life-holding-ael/1589036.html.

A number of research firms recently commented on AEL. TheStreet upgraded shares of American Equity Investment Life Holding from a “c” rating to a “b-” rating in a research note on Thursday, February 9th. FBR & Co raised their price objective on shares of American Equity Investment Life Holding from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, February 13th. Royal Bank of Canada reiterated a “buy” rating and set a $24.00 price objective on shares of American Equity Investment Life Holding in a research note on Monday, January 9th. Citigroup Inc began coverage on shares of American Equity Investment Life Holding in a research note on Thursday, January 26th. They set a “neutral” rating and a $25.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of American Equity Investment Life Holding from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 10th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $23.86.

In other news, Director Alexander Meeker Clark sold 5,000 shares of the stock in a transaction on Friday, January 6th. The shares were sold at an average price of $22.67, for a total transaction of $113,350.00. Following the completion of the sale, the director now owns 10,500 shares of the company’s stock, valued at $238,035. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David J. Noble sold 100,000 shares of the stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $27.53, for a total transaction of $2,753,000.00. Following the sale, the director now directly owns 1,538,765 shares of the company’s stock, valued at approximately $42,362,200.45. The disclosure for this sale can be found here. 4.43% of the stock is currently owned by corporate insiders.

About American Equity Investment Life Holding

American Equity Investment Life Holding Company is engaged in the development and sale of fixed index and fixed rate annuity products. The Company issues fixed annuity and life insurance products through its life insurance subsidiaries, American Equity Investment Life Insurance Company, American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company.

5 Day Chart for NYSE:AEL

Want to see what other hedge funds are holding AEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Equity Investment Life Holding (NYSE:AEL).

Receive News & Ratings for American Equity Investment Life Holding Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Equity Investment Life Holding and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.