American Equity Investment Life (AEL) Given Coverage Optimism Rating of 0.16

Media headlines about American Equity Investment Life (NYSE:AEL) have trended somewhat positive on Friday, Accern Sentiment reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. American Equity Investment Life earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 46.8687310202375 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:

American Equity Investment Life (AEL) opened at $34.37 on Friday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $3,060.00, a P/E ratio of 12.06 and a beta of 2.55. American Equity Investment Life has a 12-month low of $21.90 and a 12-month high of $34.39.

American Equity Investment Life (NYSE:AEL) last announced its quarterly earnings results on Monday, November 6th. The financial services provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.33. The company had revenue of $906.00 million during the quarter, compared to analysts’ expectations of $615.75 million. American Equity Investment Life had a return on equity of 10.50% and a net margin of 7.90%. American Equity Investment Life’s quarterly revenue was up 43.8% on a year-over-year basis. During the same period last year, the business earned ($0.05) earnings per share. equities analysts predict that American Equity Investment Life will post 3 EPS for the current year.

Several research analysts have recently issued reports on AEL shares. Royal Bank of Canada raised their price objective on American Equity Investment Life from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 8th. ValuEngine upgraded American Equity Investment Life from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 22nd. B. Riley reiterated a “hold” rating and set a $26.00 price target on shares of American Equity Investment Life in a research report on Wednesday, November 15th. Finally, Goldman Sachs Group initiated coverage on American Equity Investment Life in a research report on Wednesday, October 18th. They set a “neutral” rating and a $29.00 price target for the company. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $29.14.

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About American Equity Investment Life

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.

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