Shares of American Equity Investment Life Holding (NYSE:AEL) have been given an average recommendation of “Buy” by the eleven analysts that are currently covering the firm. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $24.13.

A number of equities research analysts have weighed in on AEL shares. FBR & Co lifted their price objective on American Equity Investment Life Holding from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, February 13th. TheStreet raised American Equity Investment Life Holding from a “c” rating to a “b-” rating in a research note on Thursday, February 9th. Keefe, Bruyette & Woods assumed coverage on American Equity Investment Life Holding in a research note on Wednesday, April 26th. They issued a “market perform” rating and a $26.00 target price on the stock. Finally, Citigroup Inc started coverage on American Equity Investment Life Holding in a report on Thursday, January 26th. They issued a “neutral” rating and a $25.00 price target for the company.

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In other news, Director David J. Noble sold 100,000 shares of American Equity Investment Life Holding stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $27.53, for a total transaction of $2,753,000.00. Following the sale, the director now directly owns 1,538,765 shares in the company, valued at approximately $42,362,200.45. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alan David Matula purchased 6,270 shares of American Equity Investment Life Holding stock in a transaction on Wednesday, May 17th. The stock was purchased at an average price of $23.96 per share, for a total transaction of $150,229.20. Following the completion of the transaction, the director now owns 13,220 shares of the company’s stock, valued at $316,751.20. The disclosure for this purchase can be found here. 4.43% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of American Equity Investment Life Holding by 39,171.4% in the first quarter. BlackRock Inc. now owns 8,551,338 shares of the financial services provider’s stock worth $202,068,000 after buying an additional 8,529,563 shares in the last quarter. Snow Capital Management LP increased its stake in American Equity Investment Life Holding by 273.7% in the first quarter. Snow Capital Management LP now owns 1,987,654 shares of the financial services provider’s stock worth $46,968,000 after buying an additional 1,455,819 shares during the period. Mesirow Financial Investment Management Equity Management purchased a new position in shares of American Equity Investment Life Holding during the third quarter worth about $16,725,000. Norges Bank purchased a new position in shares of American Equity Investment Life Holding during the fourth quarter worth about $19,190,000. Finally, BlackRock Fund Advisors boosted its position in shares of American Equity Investment Life Holding by 12.1% in the third quarter. BlackRock Fund Advisors now owns 5,669,749 shares of the financial services provider’s stock worth $100,525,000 after buying an additional 610,765 shares in the last quarter. 90.77% of the stock is owned by institutional investors.

American Equity Investment Life Holding (NYSE:AEL) traded up 0.61% during mid-day trading on Monday, reaching $24.58. 55,874 shares of the company traded hands. American Equity Investment Life Holding has a 12-month low of $13.07 and a 12-month high of $28.00. The company’s 50-day moving average is $23.78 and its 200-day moving average is $23.37. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 11.83 and a beta of 2.36.

American Equity Investment Life Holding (NYSE:AEL) last posted its earnings results on Wednesday, May 3rd. The financial services provider reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.08. American Equity Investment Life Holding had a return on equity of 4.79% and a net margin of 3.75%. The business had revenue of $927.30 million for the quarter, compared to analysts’ expectations of $532.31 million. During the same quarter in the previous year, the firm earned $0.25 earnings per share. The business’s revenue was up 122.1% compared to the same quarter last year. Equities analysts predict that American Equity Investment Life Holding will post $2.48 earnings per share for the current fiscal year.

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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