American Equity Investment Life (AEL) Downgraded to “Buy” at ValuEngine

ValuEngine downgraded shares of American Equity Investment Life (NYSE:AEL) from a strong-buy rating to a buy rating in a report published on Friday morning.

Other research analysts have also recently issued research reports about the company. SunTrust Banks restated a buy rating and issued a $38.00 price target on shares of American Equity Investment Life in a research note on Friday. B. Riley reiterated a neutral rating on shares of American Equity Investment Life in a research report on Monday, November 6th. 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 objective for the company. Finally, Royal Bank of Canada reiterated a buy rating and set a $35.00 price objective on shares of American Equity Investment Life in a research report on Friday, December 8th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. American Equity Investment Life currently has an average rating of Buy and an average price target of $31.00.

American Equity Investment Life (NYSE AEL) opened at $30.26 on Friday. American Equity Investment Life has a one year low of $22.23 and a one year high of $35.79. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $2,700.00, a price-to-earnings ratio of 15.68 and a beta of 2.50.

American Equity Investment Life (NYSE:AEL) last posted its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.14. American Equity Investment Life had a return on equity of 10.65% and a net margin of 4.49%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $550.89 million. During the same quarter in the previous year, the business earned $0.63 earnings per share. The company’s revenue was up 99.0% on a year-over-year basis. research analysts expect that American Equity Investment Life will post 3.17 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Gradient Investments LLC purchased a new stake in American Equity Investment Life during the fourth quarter valued at $101,000. Teacher Retirement System of Texas purchased a new stake in American Equity Investment Life during the third quarter valued at $203,000. V Wealth Management LLC purchased a new stake in American Equity Investment Life during the fourth quarter valued at $209,000. Everence Capital Management Inc. purchased a new stake in American Equity Investment Life during the fourth quarter valued at $209,000. Finally, Stifel Financial Corp purchased a new stake in American Equity Investment Life during the second quarter valued at $216,000. Institutional investors own 95.48% of the company’s stock.

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American Equity Investment Life 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

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