American Equity Investment Life Holding Company (NYSE:AEL) has earned an average recommendation of “Buy” from the eleven brokerages that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $26.38.

A number of research firms recently weighed in on AEL. Keefe, Bruyette & Woods restated a “hold” rating and issued a $28.00 target price on shares of American Equity Investment Life Holding in a report on Wednesday, August 16th. BidaskClub upgraded shares of American Equity Investment Life Holding from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 16th. Zacks Investment Research lowered shares of American Equity Investment Life Holding from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Goldman Sachs Group, Inc. (The) began coverage on shares of American Equity Investment Life Holding in a report on Wednesday, October 18th. They issued a “neutral” rating and a $29.00 target price on the stock. Finally, TheStreet upgraded shares of American Equity Investment Life Holding from a “c+” rating to a “b” rating in a report on Thursday, August 3rd.

A number of large investors have recently bought and sold shares of the business. Assenagon Asset Management S.A. purchased a new stake in American Equity Investment Life Holding in the 3rd quarter valued at about $2,592,000. Mutual of America Capital Management LLC increased its stake in American Equity Investment Life Holding by 2.5% in the 3rd quarter. Mutual of America Capital Management LLC now owns 222,820 shares of the financial services provider’s stock valued at $6,480,000 after buying an additional 5,386 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in American Equity Investment Life Holding by 2.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,511 shares of the financial services provider’s stock valued at $224,000 after buying an additional 183 shares during the last quarter. Schneider Capital Management Corp increased its stake in American Equity Investment Life Holding by 33.1% in the 2nd quarter. Schneider Capital Management Corp now owns 718,044 shares of the financial services provider’s stock valued at $18,870,000 after buying an additional 178,756 shares during the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new stake in American Equity Investment Life Holding in the 2nd quarter valued at about $504,000. Hedge funds and other institutional investors own 93.28% of the company’s stock.

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Shares of American Equity Investment Life Holding (NYSE:AEL) traded up 0.10% during trading on Wednesday, hitting $30.12. The stock had a trading volume of 461,446 shares. The company has a market capitalization of $2.68 billion, a P/E ratio of 13.87 and a beta of 2.52. The firm has a 50-day moving average of $28.63 and a 200 day moving average of $26.47. American Equity Investment Life Holding has a 1-year low of $15.39 and a 1-year high of $30.51.

American Equity Investment Life Holding (NYSE:AEL) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.12. American Equity Investment Life Holding had a net margin of 6.48% and a return on equity of 6.84%. The company had revenue of $819.10 million for the quarter, compared to analyst estimates of $531.83 million. During the same quarter in the prior year, the business posted $0.60 EPS. The firm’s revenue was up 49.0% compared to the same quarter last year. Equities research analysts predict that American Equity Investment Life Holding will post $2.64 earnings per share for the current fiscal year.

American Equity Investment Life Holding Company Profile

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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