TheStreet Upgrades American Equity Investment Life (AEL) to B-

TheStreet upgraded shares of American Equity Investment Life (NYSE:AEL) from a c+ rating to a b- rating in a report issued on Monday morning, TheStreetRatingsTable reports.

A number of other research firms also recently weighed in on AEL. Zacks Investment Research upgraded American Equity Investment Life from a hold rating to a buy rating and set a $34.00 price target on the stock in a research report on Monday, May 6th. Sandler O’Neill downgraded American Equity Investment Life from a buy rating to a hold rating in a research report on Tuesday, April 30th. UBS Group raised their price target on American Equity Investment Life from $29.00 to $30.00 and gave the company a neutral rating in a research report on Thursday, May 2nd. Finally, ValuEngine upgraded American Equity Investment Life from a sell rating to a hold rating in a research report on Friday, May 10th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. American Equity Investment Life currently has an average rating of Hold and an average target price of $35.75.

NYSE AEL opened at $30.46 on Monday. American Equity Investment Life has a twelve month low of $25.27 and a twelve month high of $38.56. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.25. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 6.54 and a beta of 2.28.

American Equity Investment Life (NYSE:AEL) last released its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.05. American Equity Investment Life had a return on equity of 13.92% and a net margin of 13.62%. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $625.65 million. During the same quarter last year, the business posted $0.85 earnings per share. The company’s revenue for the quarter was up 741.8% on a year-over-year basis. On average, analysts predict that American Equity Investment Life will post 3.91 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royce & Associates LP purchased a new position in shares of American Equity Investment Life in the fourth quarter worth about $49,000. Quadrant Capital Group LLC increased its holdings in shares of American Equity Investment Life by 547.5% in the first quarter. Quadrant Capital Group LLC now owns 2,331 shares of the financial services provider’s stock worth $60,000 after buying an additional 1,971 shares during the period. Global Retirement Partners LLC increased its holdings in shares of American Equity Investment Life by 45.5% in the first quarter. Global Retirement Partners LLC now owns 2,496 shares of the financial services provider’s stock worth $67,000 after buying an additional 780 shares during the period. Meeder Asset Management Inc. increased its holdings in shares of American Equity Investment Life by 149.7% in the fourth quarter. Meeder Asset Management Inc. now owns 2,629 shares of the financial services provider’s stock worth $74,000 after buying an additional 1,576 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of American Equity Investment Life by 9.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,032 shares of the financial services provider’s stock worth $196,000 after buying an additional 580 shares during the period. Hedge funds and other institutional investors own 94.14% of the company’s stock.

American Equity Investment Life Company Profile

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. It markets its products through independent agents, including national marketing organizations, broker/dealers, banks, and registered investment advisors.

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