American Equity Investment Life Holding Co. (NYSE:AEL) has been given a consensus recommendation of “Buy” by the ten analysts that are currently covering the stock. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $20.40.

A number of brokerages recently weighed in on AEL. Zacks Investment Research downgraded shares of American Equity Investment Life Holding from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. Credit Suisse Group AG began coverage on shares of American Equity Investment Life Holding in a research report on Friday, October 7th. They set a “neutral” rating and a $20.00 price objective on the stock. Citigroup Inc. lowered their price objective on shares of American Equity Investment Life Holding from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, July 7th. Evercore ISI began coverage on shares of American Equity Investment Life Holding in a research report on Wednesday, July 6th. They set a “buy” rating on the stock. Finally, TheStreet upgraded shares of American Equity Investment Life Holding from a “hold” rating to a “buy” rating in a research report on Thursday, August 18th.

American Equity Investment Life Holding (NYSE:AEL) traded up 1.24% on Friday, hitting $17.91. 124,348 shares of the stock were exchanged. American Equity Investment Life Holding has a 12 month low of $12.65 and a 12 month high of $28.30. The company has a 50-day moving average of $17.78 and a 200 day moving average of $15.96. The firm has a market cap of $1.47 billion, a P/E ratio of 14.57 and a beta of 2.33.

American Equity Investment Life Holding (NYSE:AEL) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.01. American Equity Investment Life Holding had a net margin of 6.17% and a return on equity of 7.48%. The firm had revenue of $549.80 million for the quarter, compared to analysts’ expectations of $467.51 million. During the same quarter in the previous year, the company earned $0.64 EPS. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. Equities research analysts expect that American Equity Investment Life Holding will post $2.05 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AEL. TIAA CREF Investment Management LLC increased its position in American Equity Investment Life Holding by 4.1% in the first quarter. TIAA CREF Investment Management LLC now owns 336,066 shares of the company’s stock valued at $5,646,000 after buying an additional 13,127 shares during the last quarter. Capstone Asset Management Co. boosted its stake in shares of American Equity Investment Life Holding by 1.5% in the second quarter. Capstone Asset Management Co. now owns 28,583 shares of the company’s stock worth $407,000 after buying an additional 410 shares during the period. Eqis Capital Management Inc. boosted its stake in shares of American Equity Investment Life Holding by 1.7% in the second quarter. Eqis Capital Management Inc. now owns 20,021 shares of the company’s stock worth $285,000 after buying an additional 326 shares during the period. UBS Group AG boosted its stake in shares of American Equity Investment Life Holding by 113.4% in the first quarter. UBS Group AG now owns 235,075 shares of the company’s stock worth $3,950,000 after buying an additional 124,941 shares during the period. Finally, Nuveen Asset Management LLC boosted its stake in shares of American Equity Investment Life Holding by 34.7% in the first quarter. Nuveen Asset Management LLC now owns 337,170 shares of the company’s stock worth $5,665,000 after buying an additional 86,815 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

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.

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