American Equity Investment Life Holding (NYSE:AEL) Receives Average “Buy” Rating from Analysts


American Equity Investment Life Holding Shares (NYSE:AELGet a rating) have been assigned an average recommendation of “buy” by the twelve analysts who cover the stock, market beat reports. Five research analysts rated the stock with a hold recommendation and six gave the company a buy recommendation. The 1-year average price target among brokers who have reported on the stock in the past year is $42.18.

Several equity research analysts have weighed in on the company. StockNews.com downgraded American Equity Investment Life from a “buy” rating to a “hold” rating in a Friday, May 20, report. Zacks Investment Research upgraded American Equity Investment Life from a “sell” rating to a “hold” rating and set a target price of $37.00 for the company in a Tuesday, May 10 report. Finally, 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, February 22 report.

Shares of Investing in American stocks Life stocks opened at $40.68 on Thursday. American Equity Investment Life has a 12-month low of $27.12 and a 12-month high of $44.49. The stock’s fifty-day moving average price is $38.34 and its 200-day moving average price is $38.71. The company has a market capitalization of $3.79 billion, a P/E ratio of 5.50 and a beta of 1.10. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt ratio of 0.11.

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 of $0.92 for the quarter, missing the consensus estimate of $0.95 per ($0.03). The company posted revenue of $147.80 million in the quarter, compared to analyst estimates of $612.85 million. American Equity Investment Life achieved a return on equity of 7.26% and a net margin of 26.35%. American Equity Investment Life’s revenues were down 84.6% from the same quarter last year. During the same period a year earlier, the company posted EPS of $0.43. Analysts expect American Equity Investment Life to post earnings per share of 4.06 for the current year.

In other news, Director Joyce Ann Chapman sold 3,856 shares of the company in a trade that took place on Wednesday, March 9. The stock was sold at an average price of $38.26, for a total value of $147,530.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via the SEC website. Also, VPE Ronald James Grensteiner sold 9,188 shares of the company in a transaction that took place on Tuesday, April 12. The shares were sold at an average price of $38.31, for a total value of $351,992.28. Following the completion of the sale, the executive vice president now owns 89,039 shares of the company, valued at $3,411,084.09. Disclosure of this sale can be found here. During the last quarter, insiders sold 29,007 shares of the company valued at $1,112,023. 1.90% of the shares are held by insiders of the company.

Several institutional investors have recently bought and sold shares of the company. Icon Advisers Inc. Co. acquired a new equity stake in American Equity Investment Life in the first quarter valued at approximately $5,883,000. Virtu Financial LLC acquired a new stake in shares of American Equity Investment Life in the first quarter worth approximately $217,000. Jane Street Group LLC acquired a new equity stake in American Equity Investment Life in the first quarter worth approximately $3,019,000. Quantbot Technologies LP acquired a new stake in the shares of American Equity Investment Life in the first quarter for a value of approximately $105,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of American Equity Investment Life in the first quarter worth approximately $239,000. Institutional investors and hedge funds own 95.15% of the company’s shares.

About American Equity Investment Life (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.

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