American Equity Investment Life Holding (NYSE:AEL) given the average “buy” recommendation by brokerages

American Equity Investment Life Holding (NYSE: AEL – Get a rating) received a consensus “Buy” recommendation from the twelve brokerages that currently cover the stock, Marketbeat.com reports. Four research analysts rated the stock with a hold recommendation and six gave the company a buy recommendation. The average 1-year target price among analysts who updated their coverage of the stock in the past year is $41.83.

A number of equity research analysts commented on the stock. Keefe, Bruyette & Woods upgraded American Equity Investment Life shares from a “market performance” rating to an “outperform” rating and set a price target of $42.00 on the stock in a research report from Wednesday, December 1. Jefferies Financial Group began covering shares of American Equity Investment Life in a report on Tuesday, January 25. They set a “hold” rating and a target price of $42.00 for the company. Royal Bank of Canada raised its price target on American Equity Investment Life shares from $41.00 to $47.00 and gave the stock an “outperform” rating in a Wednesday, January 12 report. . Zacks Investment Research cut shares of American Equity Investment Life from a “strong buy” rating to a “hold” rating and set a target price of $42.00 for the stock. in a research report on Tuesday, January 4. Finally, Morgan Stanley raised its price target on American Equity Investment Life shares from $40.00 to $41.00 and gave the stock an “equal weight” rating in a Tuesday research report. February 22.

(A d)

An NFT is a unit of data stored on a digital register that validates its uniqueness. But how can you expose yourself to this digital asset without buying it outright?

Our analysts have identified 3 stocks linked to the NFT boom.

Separately, Executive Vice President Jeffrey D. Lorenzen sold 20,000 shares of the company in a transaction dated Friday, January 7. The stock was sold at an average price of $41.10, for a total transaction of $822,000.00. The sale was disclosed in a document filed with the SEC, accessible via this hyperlink. Also, VPE Ronald James Grensteiner sold 15,963 shares in a trade that took place on Monday, March 14. The shares were sold at an average price of $38.37, for a total value of $612,500.31. Disclosure of this sale can be found here. Last quarter, insiders sold 50,713 shares of the company worth $2,040,124. 1.90% of the shares are held by insiders of the company.

A number of large investors have recently changed their positions in the stock. EverSource Wealth Advisors LLC acquired a new stake in American Equity Investment Life during Q4 valued at $27,000. Strs Ohio bought a new stock position in American Equity Investment Life in Q4, valued at around $42,000. Signaturefd LLC increased its stake in American Equity Investment Life by 205.4% in the third quarter. Signaturefd LLC now owns 1,655 shares of the financial services provider worth $49,000 after buying 1,113 additional shares in the last quarter. Covestor Ltd bought a new position in shares of American Equity Investment Life during the fourth quarter for a value of approximately $61,000. Finally, Denali Advisors LLC acquired a new position in American Equity Investment Life during the third quarter worth approximately $83,000. Institutional investors hold 93.49% of the company’s shares.

NYSE:AEL shares opened at $39.75 on Friday. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt ratio of 0.09. American Equity Investment Life has a 12-month low of $27.12 and a 12-month high of $44.49. The company has a market capitalization of $3.85 billion, a price-earnings ratio of 8.76 and a beta of 1.14. The company has a 50-day moving average price of $40.21 and a 200-day moving average price of $36.26.

American Equity Investment Life (NYSE: AEL – Get a rating) last announced its results on Thursday, February 17. The financial services provider reported earnings per share of $1.04 for the quarter, missing Thomson Reuters’ consensus estimate of $1.05 per ($0.01). American Equity Investment Life posted a net margin of 12.85% and a return on equity of 6.27%. The company posted revenue of $514.60 million in the quarter, compared to analyst estimates of $506.04 million. In the same quarter last year, the company earned earnings per share of $0.77. As a group, equity analysts expect American Equity Investment Life to post EPS of 4.29 for the current year.

American Equity Investment Life Insurance Company Profile (Get a rating)

American Equity Investment Life Holding Co is engaged in the development and sale of fixed index and fixed rate annuity products. It focuses on the following portfolios: commercial mortgages, agricultural mortgages and residential mortgages. The company was founded by David J. Noble on December 15, 1995 and is based in West Des Moines, IA.

Further reading

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

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in American Equity Investment Life right now?

Before you consider American Equity Investment Life, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes over…and American Equity Investment Life was not on the list.

Although American Equity Investment Life currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Comments are closed.