Mackay Shields LLC Takes $1.71 Million Position in American Equity Investment Life Holding (AEL)

Mackay Shields LLC purchased a new position in American Equity Investment Life Holding (NYSE:AEL) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 61,137 shares of the financial services provider’s stock, valued at approximately $1,708,000.

A number of other large investors have also modified their holdings of the stock. BlackRock Inc. lifted its position in shares of American Equity Investment Life by 2.5% during the 4th quarter. BlackRock Inc. now owns 13,183,271 shares of the financial services provider’s stock valued at $368,342,000 after buying an additional 327,661 shares in the last quarter. Vanguard Group Inc. raised its stake in American Equity Investment Life by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 9,946,945 shares of the financial services provider’s stock valued at $351,723,000 after purchasing an additional 178,741 shares during the last quarter. Vanguard Group Inc raised its stake in American Equity Investment Life by 1.8% in the 3rd quarter. Vanguard Group Inc now owns 9,946,945 shares of the financial services provider’s stock valued at $351,723,000 after purchasing an additional 178,741 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in American Equity Investment Life by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,446,044 shares of the financial services provider’s stock valued at $208,042,000 after purchasing an additional 48,459 shares during the last quarter. Finally, Macquarie Group Ltd. raised its stake in American Equity Investment Life by 8.6% in the 3rd quarter. Macquarie Group Ltd. now owns 3,932,565 shares of the financial services provider’s stock valued at $139,055,000 after purchasing an additional 312,039 shares during the last quarter. Institutional investors own 94.55% of the company’s stock.

A number of analysts have issued reports on the company. Zacks Investment Research raised American Equity Investment Life from a “sell” rating to a “hold” rating in a research note on Monday, March 18th. ValuEngine downgraded American Equity Investment Life from a “hold” rating to a “sell” rating in a research note on Monday, March 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $39.67.



Shares of NYSE:AEL opened at $26.77 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.10 and a quick ratio of 0.10. The stock has a market cap of $2.42 billion, a P/E ratio of 5.74 and a beta of 2.30. American Equity Investment Life Holding has a 12-month low of $25.27 and a 12-month high of $38.56.

American Equity Investment Life (NYSE:AEL) last issued its quarterly earnings data on Wednesday, February 6th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.09. American Equity Investment Life had a return on equity of 14.00% and a net margin of 13.62%. The firm had revenue of $554.36 million during the quarter, compared to the consensus estimate of $556.20 million. During the same period last year, the company earned $0.82 EPS. On average, sell-side analysts forecast that American Equity Investment Life Holding will post 3.78 EPS for the current year.

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American Equity Investment Life Profile

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.

See Also: Limitations of the P/E Growth ratio

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

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