American Equity Investment Life Holding (AEL) Given Consensus Rating of “Hold” by Analysts

American Equity Investment Life Holding (NYSE:AEL) has been assigned a consensus rating of “Hold” from the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $30.88.

Several brokerages have issued reports on AEL. ValuEngine upgraded shares of American Equity Investment Life from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. B. Riley raised their price objective on shares of American Equity Investment Life from $26.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 6th. SunTrust Banks restated a “buy” rating and set a $38.00 price objective on shares of American Equity Investment Life in a research report on Friday, February 9th. UBS began coverage on shares of American Equity Investment Life in a research report on Friday, March 2nd. They set a “sell” rating and a $30.00 price objective for the company. Finally, Royal Bank of Canada restated 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.

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In other American Equity Investment Life news, CEO John M. Matovina sold 20,000 shares of the business’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $31.85, for a total transaction of $637,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Debra J. Richardson sold 108,350 shares of the business’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $31.05, for a total transaction of $3,364,267.50. Following the sale, the director now directly owns 140,253 shares in the company, valued at approximately $4,354,855.65. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 130,850 shares of company stock valued at $4,083,143. Company insiders own 4.05% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. FDx Advisors Inc. bought a new stake in shares of American Equity Investment Life in the third quarter worth $771,000. Pacific Grove Capital LP grew its stake in shares of American Equity Investment Life by 363.5% in the third quarter. Pacific Grove Capital LP now owns 86,902 shares of the financial services provider’s stock worth $2,527,000 after purchasing an additional 68,152 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of American Equity Investment Life in the third quarter worth $1,056,000. Allianz Asset Management GmbH grew its stake in shares of American Equity Investment Life by 60.6% in the third quarter. Allianz Asset Management GmbH now owns 262,451 shares of the financial services provider’s stock worth $7,632,000 after purchasing an additional 99,074 shares during the last quarter. Finally, Brandywine Global Investment Management LLC grew its stake in shares of American Equity Investment Life by 15.2% in the fourth quarter. Brandywine Global Investment Management LLC now owns 280,335 shares of the financial services provider’s stock worth $8,615,000 after purchasing an additional 37,032 shares during the last quarter. 93.51% of the stock is currently owned by institutional investors.

Shares of American Equity Investment Life (AEL) traded up $0.37 during mid-day trading on Friday, reaching $32.13. 1,136,851 shares of the company’s stock traded hands, compared to its average volume of 514,647. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a market capitalization of $2,854.60, a P/E ratio of 16.56 and a beta of 2.47. American Equity Investment Life has a 1 year low of $22.23 and a 1 year high of $35.79.

American Equity Investment Life (NYSE:AEL) last issued its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.14. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $550.89 million. American Equity Investment Life had a net margin of 4.49% and a return on equity of 10.65%. The business’s revenue for the quarter was up 99.0% compared to the same quarter last year. During the same period last year, the business posted $0.63 earnings per share. research analysts forecast that American Equity Investment Life will post 3.4 earnings per share for the current fiscal year.

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About American Equity Investment Life

American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products and services in the United States. The company issues fixed index and rate annuities; and single premium immediate annuities, as well as life insurance products. The company markets its products through various distribution channels, including national marketing organizations, broker/dealers, banks, and registered investment advisors.

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

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