New Amsterdam Partnersny Lowers stake in American Equity Investment Life Holding (AEL)

American Equity Investment Life Holding (AEL) : New Amsterdam Partnersny reduced its stake in American Equity Investment Life Holding by 0.63% during the most recent quarter end. The investment management company now holds a total of 179,823 shares of American Equity Investment Life Holding which is valued at $2,891,554 after selling 1,143 shares in American Equity Investment Life Holding , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.American Equity Investment Life Holding makes up approximately 0.67% of New Amsterdam Partnersny’s portfolio.

Other Hedge Funds, Including , Bbva Compass Bancshares Inc added AEL to its portfolio by purchasing 10,670 company shares during the most recent quarter which is valued at $169,973. American Equity Investment Life Holding makes up approx 0.01% of Bbva Compass Bancshares Inc’s portfolio. Herndon Capital Management added AEL to its portfolio by purchasing 468 company shares during the most recent quarter which is valued at $7,455.Capstone Asset Management Co boosted its stake in AEL in the latest quarter, The investment management firm added 410 additional shares and now holds a total of 28,583 shares of American Equity Investment Life Holding which is valued at $453,612. American Equity Investment Life Holding makes up approx 0.01% of Capstone Asset Management Co’s portfolio.

American Equity Investment Life Holding closed down -0.96 points or -5.97% at $15.12 with 9,40,953 shares getting traded on Thursday. Post opening the session at $16.06, the shares hit an intraday low of $15.07 and an intraday high of $16.46 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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