American Equity Investment Life Holding Company (AEL) Given Consensus Recommendation of “Buy” by Brokerages

American Equity Investment Life Holding Company (NYSE:AEL) has received a consensus rating of “Buy” from the eleven research firms that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $26.38.

Several research analysts recently commented on AEL shares. ValuEngine raised American Equity Investment Life Holding from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. BidaskClub raised American Equity Investment Life Holding from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Zacks Investment Research cut American Equity Investment Life Holding from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Royal Bank Of Canada boosted their target price on American Equity Investment Life Holding from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Finally, TheStreet raised American Equity Investment Life Holding from a “c+” rating to a “b” rating in a research note on Thursday, August 3rd.



Shares of American Equity Investment Life Holding (NYSE AEL) traded down 0.23% during midday trading on Wednesday, hitting $29.80. The company had a trading volume of 165,427 shares. The firm has a market capitalization of $2.65 billion, a PE ratio of 13.73 and a beta of 2.52. American Equity Investment Life Holding has a 12 month low of $15.39 and a 12 month high of $30.25. The company has a 50-day moving average of $28.29 and a 200 day moving average of $26.19.

American Equity Investment Life Holding (NYSE:AEL) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.12. American Equity Investment Life Holding had a return on equity of 6.84% and a net margin of 6.48%. The firm had revenue of $819.10 million during the quarter, compared to analysts’ expectations of $531.83 million. During the same period in the previous year, the firm posted $0.60 EPS. American Equity Investment Life Holding’s revenue for the quarter was up 49.0% on a year-over-year basis. On average, analysts expect that American Equity Investment Life Holding will post $2.63 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of AEL. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of American Equity Investment Life Holding by 11.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,948 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 414 shares during the last quarter. Riverhead Capital Management LLC lifted its holdings in shares of American Equity Investment Life Holding by 79.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,026 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 2,226 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of American Equity Investment Life Holding by 90.3% in the 2nd quarter. Meeder Asset Management Inc. now owns 5,115 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 2,427 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in shares of American Equity Investment Life Holding in the 2nd quarter valued at about $174,000. Finally, Invictus RG purchased a new stake in shares of American Equity Investment Life Holding in the 1st quarter valued at about $182,000. 93.28% of the stock is owned by institutional investors and hedge funds.

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American Equity Investment Life Holding Company Profile

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 life insurance subsidiaries, American Equity Investment Life Insurance Company, American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company.

Analyst Recommendations for American Equity Investment Life Holding (NYSE:AEL)

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