American Equity Investment Life Holding Company (AEL) Upgraded to Strong-Buy by ValuEngine

American Equity Investment Life Holding Company (NYSE:AEL) was upgraded by equities research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a report released on Friday, September 1st.

AEL has been the topic of a number of other research reports. Keefe, Bruyette & Woods restated a “hold” rating and set a $28.00 target price on shares of American Equity Investment Life Holding in a report on Wednesday, August 16th. BidaskClub upgraded American Equity Investment Life Holding from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 16th. Zacks Investment Research cut American Equity Investment Life Holding from a “buy” rating to a “hold” rating in a report on Friday, July 7th. TheStreet upgraded American Equity Investment Life Holding from a “c+” rating to a “b” rating in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $28.00 price objective on shares of American Equity Investment Life Holding in a report on Monday, May 22nd. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. American Equity Investment Life Holding currently has an average rating of “Buy” and a consensus price target of $25.25.

American Equity Investment Life Holding (AEL) traded up 0.99% during trading on Friday, reaching $27.56. 1,105,169 shares of the company’s stock traded hands. The firm has a 50 day moving average of $27.50 and a 200 day moving average of $25.67. The firm has a market capitalization of $2.45 billion, a PE ratio of 12.69 and a beta of 2.50. American Equity Investment Life Holding has a 1-year low of $15.39 and a 1-year high of $28.64.

American Equity Investment Life Holding (NYSE:AEL) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.12. The company had revenue of $819.10 million during the quarter, compared to analyst estimates of $531.83 million. American Equity Investment Life Holding had a return on equity of 6.84% and a net margin of 6.48%. The firm’s quarterly revenue was up 49.0% compared to the same quarter last year. During the same period last year, the company posted $0.60 earnings per share. Equities analysts forecast that American Equity Investment Life Holding will post $2.63 EPS for the current year.

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Large investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of American Equity Investment Life Holding by 11.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,948 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 414 shares during the last quarter. Elkfork Partners LLC increased its holdings in shares of American Equity Investment Life Holding by 11.0% during the 1st quarter. Elkfork Partners LLC now owns 4,508 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 448 shares during the last quarter. Riverhead Capital Management LLC increased its holdings in shares of American Equity Investment Life Holding by 79.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,026 shares of the financial services provider’s stock worth $132,000 after acquiring an additional 2,226 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in shares of American Equity Investment Life Holding by 90.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 5,115 shares of the financial services provider’s stock worth $134,000 after acquiring an additional 2,427 shares during the last quarter. Finally, Meadow Creek Investment Management LLC increased its holdings in shares of American Equity Investment Life Holding by 11.0% during the 1st quarter. Meadow Creek Investment Management LLC now owns 5,474 shares of the financial services provider’s stock worth $129,000 after acquiring an additional 544 shares during the last quarter. 93.37% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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