News articles about American Equity Investment Life (NYSE:AEL) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. American Equity Investment Life earned a news impact score of 0.07 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 46.3173181398405 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment’s rankings:
- American Equity Investment Life Holding (AEL) Expected to Post Quarterly Sales of $514.11 Million (americanbankingnews.com)
- John M. Matovina Sells 20,000 Shares of American Equity Investment Life Holding (AEL) Stock (americanbankingnews.com)
- American Equity Investment Life Holding (AEL) Expected to Announce Earnings of $0.83 Per Share (americanbankingnews.com)
- American Equity Investment Life Holding (AEL) Director Sells $3,364,267.50 in Stock (americanbankingnews.com)
- American Equity Investment Life Holding (AEL) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
A number of brokerages have weighed in on AEL. SunTrust Banks reissued a “buy” rating and set a $38.00 price target on shares of American Equity Investment Life in a research note on Friday, February 9th. ValuEngine raised American Equity Investment Life from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. UBS began coverage on American Equity Investment Life in a research note on Friday, March 2nd. They set a “sell” rating and a $30.00 price target on the stock. Royal Bank of Canada reissued a “buy” rating and set a $35.00 price target on shares of American Equity Investment Life in a research note on Friday, December 8th. Finally, B. Riley increased their price target on American Equity Investment Life from $26.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $30.88.
American Equity Investment Life (AEL) opened at $32.13 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a market capitalization of $2,854.60, a price-to-earnings ratio of 16.56 and a beta of 2.47. American Equity Investment Life has a 52-week low of $22.23 and a 52-week high of $35.79.
American Equity Investment Life (NYSE:AEL) last issued its earnings results on Wednesday, February 7th. The financial services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.14. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $550.89 million. American Equity Investment Life had a return on equity of 10.65% and a net margin of 4.49%. The business’s quarterly revenue was up 99.0% on a year-over-year basis. During the same period last year, the company posted $0.63 EPS. analysts predict that American Equity Investment Life will post 3.4 earnings per share for the current fiscal year.
In related news, Director Alexander Meeker Clark sold 2,500 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $32.75, for a total value of $81,875.00. Following the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $196,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Debra J. Richardson sold 108,350 shares of the stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $31.05, for a total value of $3,364,267.50. Following the completion of the transaction, the director now directly owns 140,253 shares in the company, valued at $4,354,855.65. The disclosure for this sale can be found here. Insiders sold a total of 130,850 shares of company stock worth $4,083,143 over the last ninety days. Corporate insiders own 4.05% of the company’s stock.
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About American Equity Investment Life
American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products and services in the United States. The company issues fixed index and rate annuities; and single premium immediate annuities, as well as life insurance products. The company markets its products through various distribution channels, including national marketing organizations, broker/dealers, banks, and registered investment advisors.
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