American Equity Investment Life Holding (NYSE:AEL) has received a consensus rating of “Buy” from the eight ratings firms that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $36.00.
AEL has been the topic of a number of research analyst reports. Zacks Investment Research upgraded American Equity Investment Life from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Monday, May 28th. Royal Bank of Canada set a $38.00 target price on American Equity Investment Life and gave the company a “buy” rating in a report on Wednesday, August 8th. ValuEngine upgraded American Equity Investment Life from a “hold” rating to a “buy” rating in a report on Tuesday, May 22nd. Finally, Sandler O’Neill reiterated a “buy” rating and issued a $41.00 target price on shares of American Equity Investment Life in a report on Friday, July 13th.
American Equity Investment Life stock traded down $0.32 during midday trading on Friday, reaching $35.86. The stock had a trading volume of 502,503 shares, compared to its average volume of 329,288. American Equity Investment Life has a twelve month low of $25.43 and a twelve month high of $38.56. The stock has a market capitalization of $3.27 billion, a P/E ratio of 11.35 and a beta of 2.53. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.30.
American Equity Investment Life (NYSE:AEL) last issued its earnings results on Monday, August 6th. The financial services provider reported $0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.10. American Equity Investment Life had a return on equity of 12.32% and a net margin of 11.14%. The firm had revenue of $685.50 million for the quarter, compared to analysts’ expectations of $589.40 million. During the same quarter last year, the firm earned $0.71 earnings per share. The firm’s revenue for the quarter was down 16.3% compared to the same quarter last year. sell-side analysts predict that American Equity Investment Life will post 3.55 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the business. Vigilant Capital Management LLC acquired a new position in shares of American Equity Investment Life during the second quarter worth about $112,000. Point72 Asia Hong Kong Ltd acquired a new position in shares of American Equity Investment Life during the first quarter worth about $188,000. 6 Meridian acquired a new position in shares of American Equity Investment Life during the second quarter worth about $206,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of American Equity Investment Life during the second quarter worth about $209,000. Finally, Zeke Capital Advisors LLC acquired a new position in shares of American Equity Investment Life during the second quarter worth about $217,000. Institutional investors own 94.70% of the company’s stock.
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.
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