( ) benefited from a significant increase in short interest during March. On March 31, there were 5,480,000 shorted shares. This is a 242.5% increase from the total of 1,600,000.000 shares on March 15. About 6.6% of a company's shares are short. The days-to-cover is 8.0 days based on an average daily share volume of 682 600 shares.
Alan David Matula, a director, acquired 7,100 American Equity Investment Life shares in a deal dated March 22nd. The shares were purchased at a cost of 35.50 cents per share for a transaction totaling $252,050.00. The director now holds 39,942 shares worth $1,417.941 in the stock of the company. A number of large investors recently purchased and sold shares in AEL. BlackRock Inc. increased its holdings in American Equity Investment Life during the first quarter by 0.4%. BlackRock Inc. owns now 13,317.782 shares valued at $531.512,000 of the financial service provider's stock after purchasing an additional 49.702 shares during the last quarter. Macquarie Group Ltd. increased its holdings in American Equity Investment Life during the second quarter by 1.7%. Macquarie Group Ltd. owns now 5,253,182 of the financial service provider's shares valued at $192.109,000, after purchasing an additional 85,531 in the last quarter. State Street Corp increased its holdings in American Equity Investment Life during the first quarter by 4.7%. State Street Corp owns now 3,189,994 of the financial services providers stock, valued at $127.313,000, after purchasing an additional 142.611 shares during the last quarter. Invesco Ltd. increased its holdings in American Equity Investment Life during the first quarter by 12.0%. Invesco Ltd. owns now 1,836,085 of the financial services providers stock valued at $73,278,000, after purchasing an additional 196 589 shares during the last quarter. Barclays PLC increased its holdings in American Equity Investment Life during the fourth-quarter by 5,9082%. Barclays PLC owns now 1,793,691 of the financial service provider's stock worth $81,829,000, after purchasing an additional 1,763,837 share in the last quarter. 94% of the stock is owned by hedge funds and institutional investors.
Analyst Ratings Changes
AEL was the subject of many research analyst reports. In a Friday research note, Raymond James lowered their price target for shares of American Equity Investment Life. The new price is $47.00. In a report published on Thursday, 16th March, the research firm began covering shares of American Equity Investment Life. The stock was given a rating of 'hold'. Evercore ISI raised their price target for American Equity Investment Life to $43.00 in a research report on Wednesday, December 21, and gave the stock a 'in line' rating. Piper Sandler raised their price target for American Equity Investment Life in a report published on Wednesday, April 5, from $35.00 up to $39.00. The stock was given a neutral rating. Eight analysts have given the stock a hold rating. Two have given the stock a buy and one analyst has given the company a strong-buy rating. MarketBeat.com data shows that the average rating for the stock is 'Hold,' with an average price of $43.80.
American Equity Investment Life Trading Up by 0.4 %
Trading on Friday saw a $0.13 increase, bringing the price to $36.98. The volume of the stock was 319,795 versus its average of 657 014. The company has a quick-ratio of 0,23, a present-ratio of 0,23 and a ratio of debt-to equity of 0.27. The market cap is $3.14 billion. It has a P/E of 2.96, and a beta value of 0.88. The company's fifty-day moving price is $39.57, and its 200-day moving price is $41.05. American Equity Investment Life's 52-week low is $28.05 while its 52-week high is $48.37.
The last time ) released its results was on Friday, 17th February. Financial services provider reported $0.79 per share for the quarter. This was $0.17 below the consensus estimate of $ 0.96. American Equity Investment Life reported a return of equity of 9.84%, and a net profit margin of 86.25%. The firm's revenue for the quarter was $654.45 millions, which is higher than analysts' expectations. In the same quarter of the prior year, the company posted $1.04 in earnings per share. Revenue was down by 41.0% year-over-year. Analysts expect American Equity Investment Life to post 4,96 earnings per share in the current fiscal.
American Equity Investment Life
American Equity Investment Life Holding Co is engaged in the creation and sale of fixed-index and fixed-rate annuities. It concentrates on three portfolios: agricultural mortgage loans and residential mortgages. David J. Noble founded the company on December 15, 1995. Its headquarters are in West Des Moines.
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