From MarketBeat:

Denali Advisors LLC decreased its holdings in American Equity Investment Life Holding by 20.4% during the third quarter. The financial services provider now makes up 1.4% of Denali Advisors LLC’s holdings, valued at around $3,957,000 at the end of the most recent quarter.
Other institutional investors like Norges Bank and Morgan Stanley also acquired stakes in American Equity recently.

American Equity Investment Life stock shares opened at $55.89 on Friday and the company boasts a market capitalization of $4.42 billion. The financial services provider reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.77. American Equity Investment Life is currently rated “Hold,” with an average target price of $48.00.

American Equity Investment Life Holding Company, provides life insurance products in the United States, offering fixed index and rate annuities. The company had a return on equity of 21.32% and a net margin of 26.98% last quarter.

The instant news alert was generated by narrative science technology and financial data from MarketBeat, and has been reviewed by its editorial team. For the company’s positive performance, analysts forecast American Equity Investment Life to post 7.24 EPS for 2021.



Read more: American Equity Investment Life Holding (NYSE:AEL) Shares Sold by Denali Advisors LLC