American Equity Investment Life Holding Co. (NYSE:AEL) – Analysts at FBR & Co lowered their FY2016 earnings estimates for shares of American Equity Investment Life Holding in a note issued to investors on Wednesday. FBR & Co analyst R. Binner now anticipates that the firm will post earnings per share of $1.35 for the year, down from their previous forecast of $2.00.

Earnings History and Estimates for American Equity Investment Life Holding (NYSE:AEL)

Other analysts also recently issued reports about the stock. Sandler O’Neill raised shares of American Equity Investment Life Holding from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Friday, November 4th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $20.00 price objective on shares of American Equity Investment Life Holding in a report on Thursday. Zacks Investment Research raised shares of American Equity Investment Life Holding from a “sell” rating to a “hold” rating in a report on Tuesday, September 13th. TheStreet upgraded shares of American Equity Investment Life Holding from a “hold” rating to a “buy” rating in a research note on Thursday, August 18th. Finally, Credit Suisse Group AG initiated coverage on shares of American Equity Investment Life Holding in a research note on Friday, October 7th. They set a “neutral” rating and a $20.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $21.57.

American Equity Investment Life Holding (NYSE:AEL) opened at 20.63 on Friday. The firm’s market capitalization is $1.78 billion. The firm’s 50-day moving average is $17.83 and its 200-day moving average is $16.33. American Equity Investment Life Holding has a 1-year low of $12.65 and a 1-year high of $27.86.

Institutional investors have recently made changes to their positions in the stock. TIAA CREF Investment Management LLC boosted its position in shares of 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 worth $5,646,000 after buying an additional 13,127 shares in the last quarter. State Street Corp boosted its position in shares of American Equity Investment Life Holding by 12.0% in the first quarter. State Street Corp now owns 1,989,991 shares of the company’s stock worth $33,430,000 after buying an additional 212,632 shares in the last quarter. UBS Group AG boosted its position 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 in the last quarter. Nuveen Asset Management LLC boosted its position 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 in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of American Equity Investment Life Holding during the first quarter worth about $5,513,000. Institutional investors own 86.91% of the company’s stock.

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.

5 Day Chart for NYSE:AEL

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