American Equity Investment Life Holding (NYSE:AEL) was upgraded by equities researchers at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday.

Several other research analysts have also commented on the company. TheStreet upgraded American Equity Investment Life Holding from a “c+” rating to a “b” rating in a report on Thursday, August 3rd. BidaskClub lowered American Equity Investment Life Holding from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research upgraded American Equity Investment Life Holding from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Tuesday, August 8th. Royal Bank Of Canada reiterated a “buy” rating and set a $30.00 price target on shares of American Equity Investment Life Holding in a report on Tuesday, October 10th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $28.00 price objective on shares of American Equity Investment Life Holding in a report on Wednesday, August 16th. Six research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $27.63.

Shares of American Equity Investment Life Holding (AEL) opened at $30.82 on Wednesday. American Equity Investment Life Holding has a one year low of $20.22 and a one year high of $31.05. The stock has a market cap of $2,719.99, a price-to-earnings ratio of 10.31 and a beta of 2.54. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.27.

American Equity Investment Life Holding (NYSE:AEL) last announced its earnings results on Monday, November 6th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.33. American Equity Investment Life Holding had a net margin of 7.90% and a return on equity of 10.50%. The company had revenue of $906.00 million for the quarter, compared to analysts’ expectations of $615.75 million. During the same quarter in the previous year, the company posted ($0.05) EPS. The firm’s quarterly revenue was up 43.8% on a year-over-year basis. equities analysts expect that American Equity Investment Life Holding will post 2.99 earnings per share for the current fiscal year.

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Institutional investors have recently made changes to their positions in the company. Algert Global LLC acquired a new position in American Equity Investment Life Holding in the third quarter valued at approximately $315,000. Pacific Grove Capital LP boosted its holdings in American Equity Investment Life Holding by 363.5% in the third quarter. Pacific Grove Capital LP now owns 86,902 shares of the financial services provider’s stock valued at $2,527,000 after purchasing an additional 68,152 shares in the last quarter. Earnest Partners LLC boosted its holdings in American Equity Investment Life Holding by 1.8% in the third quarter. Earnest Partners LLC now owns 2,711,974 shares of the financial services provider’s stock valued at $78,864,000 after purchasing an additional 47,642 shares in the last quarter. Jane Street Group LLC acquired a new position in American Equity Investment Life Holding in the third quarter valued at approximately $243,000. Finally, Cornerstone Capital Management Holdings LLC. boosted its holdings in American Equity Investment Life Holding by 264.6% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 36,100 shares of the financial services provider’s stock valued at $1,049,000 after purchasing an additional 26,200 shares in the last quarter. 91.55% of the stock is owned by institutional investors and hedge funds.

About American Equity Investment Life Holding

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.

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

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