Gilbert & Cook Inc. Has $8.85 Million Stock Position in American Equity Investment Life Holding (NYSE:AEL)

Gilbert & Cook Inc. boosted its holdings in shares of American Equity Investment Life Holding (NYSE:AEL) by 5.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 365,870 shares of the financial services provider’s stock after buying an additional 20,283 shares during the period. American Equity Investment Life makes up approximately 2.5% of Gilbert & Cook Inc.’s investment portfolio, making the stock its 13th largest position. Gilbert & Cook Inc.’s holdings in American Equity Investment Life were worth $8,854,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Nuveen Asset Management LLC purchased a new position in American Equity Investment Life in the second quarter valued at about $24,521,000. Man Group plc grew its stake in American Equity Investment Life by 99.8% in the second quarter. Man Group plc now owns 542,720 shares of the financial services provider’s stock valued at $14,740,000 after purchasing an additional 271,038 shares in the last quarter. Citadel Advisors LLC grew its stake in American Equity Investment Life by 51.5% in the second quarter. Citadel Advisors LLC now owns 751,289 shares of the financial services provider’s stock valued at $20,405,000 after purchasing an additional 255,366 shares in the last quarter. Wells Fargo & Company MN grew its stake in American Equity Investment Life by 39.6% in the second quarter. Wells Fargo & Company MN now owns 695,993 shares of the financial services provider’s stock valued at $18,903,000 after purchasing an additional 197,306 shares in the last quarter. Finally, Schroder Investment Management Group grew its stake in American Equity Investment Life by 82.0% in the second quarter. Schroder Investment Management Group now owns 393,458 shares of the financial services provider’s stock valued at $10,686,000 after purchasing an additional 177,300 shares in the last quarter. 91.27% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have commented on the company. B. Riley restated a “neutral” rating on shares of American Equity Investment Life in a research note on Tuesday, October 15th. Zacks Investment Research upgraded American Equity Investment Life from a “sell” rating to a “hold” rating in a research note on Wednesday. UBS Group boosted their target price on American Equity Investment Life from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday. Citigroup decreased their price target on American Equity Investment Life from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, September 13th. Finally, ValuEngine upgraded American Equity Investment Life from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $27.25.

NYSE:AEL traded up $0.19 during mid-day trading on Friday, hitting $28.40. 397,828 shares of the company’s stock traded hands, compared to its average volume of 450,378. The firm has a 50 day moving average of $24.24 and a two-hundred day moving average of $25.78. American Equity Investment Life Holding has a 12 month low of $20.16 and a 12 month high of $36.06. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 6.09 and a beta of 1.97. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21.

American Equity Investment Life (NYSE:AEL) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $2.54 earnings per share for the quarter, beating the consensus estimate of $0.98 by $1.56. The business had revenue of $643.40 million for the quarter, compared to the consensus estimate of $641.01 million. During the same quarter in the previous year, the company earned $1.87 EPS. American Equity Investment Life’s revenue for the quarter was down 46.1% compared to the same quarter last year. As a group, equities research analysts expect that American Equity Investment Life Holding will post 4.04 earnings per share for the current year.

About American Equity Investment Life

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

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

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