Media coverage about American Equity Investment Life (NYSE:AEL) has been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. American Equity Investment Life earned a news impact score of 0.12 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 46.3318807790526 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern’s rankings:
- American Equity Investment Life Clears Technical Benchmark, Hitting 80-Plus RS Rating (finance.yahoo.com)
- $514.46 Million in Sales Expected for American Equity Investment Life Holding (AEL) This Quarter (americanbankingnews.com)
- American Equity in talks for possible sale (businessrecord.com)
- Zacks: Analysts Anticipate American Equity Investment Life Holding (AEL) Will Post Earnings of $0.85 Per Share (americanbankingnews.com)
- Exclusive: U.S. insurer American Equity explores sale – sources (reuters.com)
Shares of American Equity Investment Life opened at $35.36 on Friday, according to MarketBeat.com. American Equity Investment Life has a twelve month low of $23.02 and a twelve month high of $35.79. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $3.14 billion, a PE ratio of 11.19 and a beta of 2.45.
American Equity Investment Life (NYSE:AEL) last issued its quarterly earnings data on Wednesday, May 2nd. The financial services provider reported $0.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.01. American Equity Investment Life had a return on equity of 11.22% and a net margin of 8.49%. The business had revenue of $510.78 million during the quarter, compared to analysts’ expectations of $514.11 million. During the same period in the previous year, the firm posted $0.66 earnings per share. research analysts anticipate that American Equity Investment Life will post 3.43 EPS for the current year.
Several equities research analysts have issued reports on the company. Zacks Investment Research cut American Equity Investment Life from a “buy” rating to a “hold” rating in a research note on Friday. ValuEngine raised American Equity Investment Life from a “hold” rating to a “buy” rating in a research note on Tuesday, May 22nd. UBS raised American Equity Investment Life from a “sell” rating to a “neutral” rating in a research note on Friday, May 4th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $38.00 price objective on shares of American Equity Investment Life in a research note on Friday, February 9th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $30.88.
In related news, CEO John M. Matovina sold 20,000 shares of American Equity Investment Life stock in a transaction on Friday, March 16th. The stock was sold at an average price of $31.85, for a total value of $637,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Debra J. Richardson sold 108,350 shares of American Equity Investment Life stock in a transaction on Thursday, March 8th. The shares were 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 owns 140,253 shares of the company’s stock, valued at $4,354,855.65. The disclosure for this sale can be found here. Insiders sold 204,120 shares of company stock valued at $6,301,010 over the last ninety days. Insiders own 1.90% of the company’s stock.
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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