Integrated Investment Consultants Lowers stake in American Equity Investment Life Holding (AEL)

American Equity Investment Life Holding (AEL) : Integrated Investment Consultants reduced its stake in American Equity Investment Life Holding by 2.59% during the most recent quarter end. The investment management company now holds a total of 5,672 shares of American Equity Investment Life Holding which is valued at $101,359 after selling 151 shares in American Equity Investment Life Holding , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.American Equity Investment Life Holding makes up approximately 0.05% of Integrated Investment Consultants’s portfolio.

Other Hedge Funds, Including , Eagle Boston Investment Management Inc boosted its stake in AEL in the latest quarter, The investment management firm added 2,871 additional shares and now holds a total of 363,269 shares of American Equity Investment Life Holding which is valued at $6,604,230. American Equity Investment Life Holding makes up approx 0.86% of Eagle Boston Investment Management Inc’s portfolio. Washington Trust Bank added AEL to its portfolio by purchasing 74 company shares during the most recent quarter which is valued at $1,350.

American Equity Investment Life Holding opened for trading at $17.88 and hit $18.25 on the upside on Friday, eventually ending the session at $17.87, with a gain of 1.02% or 0.18 points. The heightened volatility saw the trading volume jump to 2,69,204 shares. Company has a market cap of $1,573 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. American Equity Investment Life Holding was Initiated by Credit Suisse to “Neutral” on Oct 7, 2016.

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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