American Equity Investment Life Holding (NYSE:AEL) Sees Significant Growth in Short Interest

American Equity Investment Life Holding (NYSE:AELGet Free Report) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 2,170,000 shares, an increase of 5.9% from the February 29th total of 2,050,000 shares. Based on an average daily trading volume, of 498,100 shares, the days-to-cover ratio is currently 4.4 days. Approximately 2.8% of the shares of the company are short sold.

Institutional Investors Weigh In On American Equity Investment Life

A number of hedge funds have recently made changes to their positions in AEL. Yousif Capital Management LLC boosted its holdings in shares of American Equity Investment Life by 1.0% during the 4th quarter. Yousif Capital Management LLC now owns 31,136 shares of the financial services provider’s stock valued at $1,737,000 after buying an additional 300 shares in the last quarter. Captrust Financial Advisors boosted its stake in American Equity Investment Life by 3.4% in the 4th quarter. Captrust Financial Advisors now owns 14,663 shares of the financial services provider’s stock worth $669,000 after purchasing an additional 483 shares in the last quarter. Profund Advisors LLC boosted its stake in American Equity Investment Life by 12.7% in the 4th quarter. Profund Advisors LLC now owns 4,312 shares of the financial services provider’s stock worth $241,000 after purchasing an additional 485 shares in the last quarter. Paulson Wealth Management Inc. boosted its stake in American Equity Investment Life by 10.8% in the 3rd quarter. Paulson Wealth Management Inc. now owns 5,650 shares of the financial services provider’s stock worth $303,000 after purchasing an additional 551 shares in the last quarter. Finally, NBC Securities Inc. bought a new position in American Equity Investment Life in the 3rd quarter worth about $30,000. 94.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AEL has been the subject of a number of research reports. Keefe, Bruyette & Woods increased their target price on shares of American Equity Investment Life from $55.00 to $56.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. StockNews.com started coverage on shares of American Equity Investment Life in a research note on Monday, March 11th. They issued a “hold” rating for the company. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $50.00.

Check Out Our Latest Analysis on AEL

American Equity Investment Life Price Performance

AEL stock opened at $56.12 on Thursday. The firm has a 50 day moving average of $55.65 and a 200-day moving average of $54.92. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.28. American Equity Investment Life has a 12 month low of $35.22 and a 12 month high of $56.30. The firm has a market capitalization of $4.46 billion, a P/E ratio of 26.22 and a beta of 0.80.

American Equity Investment Life (NYSE:AELGet Free Report) last announced its earnings results on Wednesday, February 14th. The financial services provider reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.24. American Equity Investment Life had a net margin of 7.42% and a return on equity of 25.15%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $673.53 million. During the same period in the previous year, the business posted $1.64 earnings per share. American Equity Investment Life’s revenue for the quarter was up 61.7% on a year-over-year basis. As a group, sell-side analysts predict that American Equity Investment Life will post 7.11 earnings per share for the current fiscal year.

About American Equity Investment Life

(Get Free Report)

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.

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