Philadelphia Financial Management Of San Francisco adds American Equity Investment Life Holding (AEL) to its portfolio

American Equity Investment Life Holding (AEL) : Philadelphia Financial Management Of San Francisco added new position in American Equity Investment Life Holding during the most recent quarter end. The investment management firm now holds 984,134 shares of American Equity Investment Life Holding which is valued at $15,362,332 , the company said in a statement filed on Aug 15, 2016 with the SEC.American Equity Investment Life Holding makes up approximately 3.31% of Philadelphia Financial Management Of San Francisco’s portfolio.

Other Hedge Funds, Including , Two Sigma Advisers Lp boosted its stake in AEL in the latest quarter, The investment management firm added 39,900 additional shares and now holds a total of 268,115 shares of American Equity Investment Life Holding which is valued at $4,185,275. American Equity Investment Life Holding makes up approx 0.02% of Two Sigma Advisers Lp’s portfolio. Blackrock Japan Ltd sold out all of its stake in AEL during the most recent quarter. The investment firm sold 1,901 shares of AEL which is valued $29,675.Teacher Retirement System Of Texas boosted its stake in AEL in the latest quarter, The investment management firm added 1,381 additional shares and now holds a total of 11,468 shares of American Equity Investment Life Holding which is valued at $178,671.Pzena Investment Management boosted its stake in AEL in the latest quarter, The investment management firm added 2,085,556 additional shares and now holds a total of 2,675,697 shares of American Equity Investment Life Holding which is valued at $42,142,228. American Equity Investment Life Holding makes up approx 0.25% of Pzena Investment Management’s portfolio. Ausdal Financial Partners added AEL to its portfolio by purchasing 25,492 company shares during the most recent quarter which is valued at $406,088. American Equity Investment Life Holding makes up approx 0.20% of Ausdal Financial Partners’s portfolio.

American Equity Investment Life Holding opened for trading at $17.69 and hit $17.87 on the upside on Thursday, eventually ending the session at $17.69, with a gain of 0.40% or 0.07 points. The heightened volatility saw the trading volume jump to 4,54,881 shares. Company has a market cap of $1,557 M.

On the company’s financial health, American Equity Investment Life Holding reported $0.60 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.61. The company had revenue of $549.80 million for the quarter, compared to analysts expectations of $504.81 million. The company’s revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.

Many Wall Street Analysts have commented on American Equity Investment Life Holding. Shares were Upgraded by JP Morgan on Jun 6, 2016 to ” Overweight” and Lowered the Price Target to $ 20 from a previous price target of $23 .Company shares were Reiterated by FBR Capital on May 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 21 from a previous price target of $20 .

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 wholly owned life insurance subsidiaries American Equity Investment Life Insurance Company (American Equity Life) American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company (Eagle Life). The Company’s business consists primarily of the sale of fixed index and fixed rate annuities. The Company’s products include Fixed Index Annuities Fixed Rate Annuities Withdrawal Options-Fixed Index and Fixed Rate Annuities and Life Insurance.

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