American Equity Investment Life Holding (NYSE:AEL) Receives Analyst Consensus of $42.64


Investment in American shares Life Holding (NYSE:AELGet a rating) received an average rating of “Buy” by the twelve analysts covering the stock, Market Beat Ratings reports. Five investment analysts gave the stock a hold rating and six gave the company a buy rating. The 12-month average price target among brokers who have covered the stock over the past year is $42.64.

A number of equity analysts have weighed in on AEL shares recently. Royal Bank of Canada raised its price target on American Equity Investment Life from $41.00 to $47.00 and gave the company an “outperform” rating in a research report Wednesday, January 12. StockNews.com assumed coverage on American Equity Investment Life in a Thursday, March 31, research note. They issued a “holding” rating on the stock. Raymond James raised its price target on American Equity Investment Life from $40.00 to $44.00 and gave the stock an “outperform” rating in a Monday, January 10 research note. Morgan Stanley raised its price target on American Equity Investment Life from $40.00 to $41.00 and gave the stock an “equal weight” rating in a Tuesday, Feb. 22 research note. Finally, Jefferies Financial Group took over coverage for American Equity Investment Life in a research note on Tuesday, January 25. They issued a “holding” rating and a price target of $42.00 on the stock.

Shares of AEL Stock opened at $35.62 on Friday. American Equity Investment Life has a 1 year minimum of $27.12 and a 1 year maximum of $44.49. The stock has a market capitalization of $3.45 billion, a PE ratio of 4.82 and a beta of 1.10. The company’s 50-day moving average is $38.65 and its 200-day moving average is $38.33. The company has a debt ratio of 0.09, a quick ratio of 0.20 and a current ratio of 0.20.

Investment in American Life stocks (NYSE:AELGet a rating) last released its quarterly results on Wednesday, May 4. The financial services provider reported earnings per share (EPS) of $0.92 for the quarter, matching the consensus estimate of $0.92. The company posted revenue of $147.80 million for the quarter, compared to $612.85 million expected by analysts. American Equity Investment Life achieved a return on equity of 6.93% and a net margin of 26.35%. The company’s revenue for the quarter was down 84.6% year over year. During the same period last year, the company achieved EPS of $0.43. Equity research analysts expect American Equity Investment Life to post earnings per share of 4.21 for the current year.

In related news, EVP Ronald James Grensteiner sold 15,963 shares of the company in a transaction that took place on Monday, March 14. The stock was sold at an average price of $38.37, for a total value of $612,500.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, available at this hyperlink. Additionally, director Joyce Ann Chapman sold 3,856 shares of the company in a trade that took place on Wednesday, March 9. The shares were sold at an average price of $38.26, for a total value of $147,530.56. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 29,007 shares of the company worth $1,112,023. Insiders of the company own 1.90% of the shares of the company.

A number of hedge funds have recently changed their positions in the business. The Florida Retirement System State Board of Directors increased its holdings in American Equity Investment Life by 5.8% in the first quarter. The Florida Retirement System State Board of Directors now owns 40,195 shares of the financial services provider worth $1,604,000 after purchasing 2,215 additional shares in the last quarter. IndexIQ Advisors LLC acquired a new position in American Equity Investment Life during the first quarter, valued at approximately $407,000. Retireful LLC acquired a new equity stake in American Equity Investment Life in the first quarter valued at $643,000. Russell Investments Group Ltd. increased its holding in shares of American Equity Investment Life by 8.0% in the first quarter. Russell Investments Group Ltd. now owns 224,386 shares of the financial services provider worth $8,953,000 after acquiring an additional 16,546 shares in the last quarter. Finally, Harvest Investment Services LLC acquired a new stake in shares of American Equity Investment Life in the first quarter at a value of $326,000. Institutional investors hold 95.15% of the company’s shares.

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

American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products in the United States. The company issues index and fixed rate annuities, as well as single premium immediate annuities. It markets its products through independent agents, including independent marketing organizations, broker/dealers, banks and registered investment advisers.

Further reading

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



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