Bbva Compass Bancshares Inc. reduced its holdings in shares of American Equity Investment Life Holding (NYSE:AEL) by 2.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 14,269 shares of the financial services provider’s stock after selling 338 shares during the period. Bbva Compass Bancshares Inc.’s holdings in American Equity Investment Life were worth $386,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AEL. Norges Bank purchased a new position in shares of American Equity Investment Life during the 4th quarter valued at approximately $38,177,000. Oregon Public Employees Retirement Fund purchased a new position in shares of American Equity Investment Life during the 4th quarter valued at approximately $34,000. BlackRock Inc. boosted its stake 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 during the last quarter. Burney Co. purchased a new position in shares of American Equity Investment Life during the 4th quarter valued at approximately $5,607,000. Finally, Morgan Stanley boosted its stake in shares of American Equity Investment Life by 94.4% during the 3rd quarter. Morgan Stanley now owns 404,335 shares of the financial services provider’s stock valued at $14,297,000 after buying an additional 196,299 shares during the last quarter. Institutional investors own 94.14% of the company’s stock.

AEL stock opened at $29.89 on Thursday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.25. The company has a market cap of $2.69 billion, a P/E ratio of 6.41 and a beta of 2.28. 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 posted its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.05. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $625.65 million. American Equity Investment Life had a return on equity of 13.92% and a net margin of 13.62%. The business’s revenue was up 741.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 EPS. Sell-side analysts expect that American Equity Investment Life Holding will post 3.91 earnings per share for the current year.

Several equities analysts have recently commented on AEL shares. TheStreet cut American Equity Investment Life from a “b” rating to a “c+” rating in a research note on Thursday, May 2nd. ValuEngine cut American Equity Investment Life from a “hold” rating to a “sell” rating in a research note on Monday, March 11th. Zacks Investment Research cut American Equity Investment Life from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. Finally, Sandler O’Neill cut American Equity Investment Life from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $35.75.

TRADEMARK VIOLATION NOTICE: “American Equity Investment Life Holding (AEL) Shares Sold by Bbva Compass Bancshares Inc.” was first posted by Marea Informative and is owned by of Marea Informative. If you are accessing this article on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright law. The legal version of this article can be read at https://www.mareainformativa.com/news/2019/05/16/american-equity-investment-life-holding-ael-shares-sold-by-bbva-compass-bancshares-inc.html.

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.

Further Reading: Strangles

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).

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

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