ValuEngine Lowers American Equity Investment Life Holding Company (AEL) to Buy

ValuEngine lowered shares of American Equity Investment Life Holding Company (NYSE:AEL) from a strong-buy rating to a buy rating in a research report released on Tuesday.

Several other brokerages also recently weighed in on AEL. Goldman Sachs Group, Inc. (The) began coverage on American Equity Investment Life Holding in a research report on Wednesday, October 18th. They set a neutral rating and a $29.00 price objective for the company. Royal Bank Of Canada reaffirmed a buy rating and issued a $30.00 target price on shares of American Equity Investment Life Holding in a report on Tuesday, October 10th. B. Riley reaffirmed a neutral rating on shares of American Equity Investment Life Holding in a report on Monday, November 6th. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $28.00 target price on shares of American Equity Investment Life Holding in a report on Wednesday, August 16th. Finally, BidaskClub raised American Equity Investment Life Holding from a buy rating to a strong-buy rating in a report on Wednesday, August 16th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $27.63.

Shares of American Equity Investment Life Holding (NYSE:AEL) opened at $29.62 on Tuesday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.27. American Equity Investment Life Holding has a 1 year low of $20.22 and a 1 year high of $31.05. The firm has a market capitalization of $2,539.96, a price-to-earnings ratio of 9.63 and a beta of 2.54.

American Equity Investment Life Holding (NYSE:AEL) last announced its quarterly earnings data on Monday, November 6th. The financial services provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.33. American Equity Investment Life Holding had a return on equity of 10.50% and a net margin of 7.90%. The business had revenue of $906.00 million during the quarter, compared to the consensus estimate of $615.75 million. During the same period in the prior year, the company earned ($0.05) EPS. American Equity Investment Life Holding’s revenue for the quarter was up 43.8% on a year-over-year basis. analysts predict that American Equity Investment Life Holding will post 2.82 earnings per share for the current year.

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Institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of American Equity Investment Life Holding by 11.7% during 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 in the last quarter. Riverhead Capital Management LLC boosted its position in shares of American Equity Investment Life Holding by 79.5% during 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 in the last quarter. Meeder Asset Management Inc. boosted its position in shares of American Equity Investment Life Holding by 90.3% during 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 in the last quarter. C M Bidwell & Associates Ltd. bought a new stake in shares of American Equity Investment Life Holding during the 2nd quarter valued at about $174,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of American Equity Investment Life Holding during the 3rd quarter valued at about $203,000. Institutional investors own 91.36% of the company’s stock.

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.

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

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

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