American Equity Investment Life Holding Company (NYSE:AEL) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Wednesday.

Other equities analysts have also issued reports about the company. Royal Bank Of Canada reissued a “buy” rating and set a $28.00 price objective on shares of American Equity Investment Life Holding in a report on Monday, May 22nd. TheStreet lowered American Equity Investment Life Holding from a “b-” rating to a “c+” rating in a report on Monday, May 15th. Keefe, Bruyette & Woods started coverage on American Equity Investment Life Holding in a report on Wednesday, April 26th. They set a “market perform” rating and a $26.00 price objective for the company. FBR & Co lowered American Equity Investment Life Holding from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $30.00 to $26.00 in a report on Wednesday, June 7th. Finally, Zacks Investment Research lowered American Equity Investment Life Holding from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $25.00.

Shares of American Equity Investment Life Holding (NYSE AEL) traded up 0.04% on Wednesday, hitting $28.12. The stock had a trading volume of 55,083 shares. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 12.95 and a beta of 2.49. American Equity Investment Life Holding has a 52 week low of $15.27 and a 52 week high of $28.64. The company has a 50-day moving average of $27.22 and a 200 day moving average of $25.39.

American Equity Investment Life Holding (NYSE:AEL) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.12. The company had revenue of $819.10 million during the quarter, compared to analyst estimates of $531.83 million. American Equity Investment Life Holding had a return on equity of 6.84% and a net margin of 6.48%. American Equity Investment Life Holding’s quarterly revenue was up 49.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 earnings per share. On average, equities research analysts predict that American Equity Investment Life Holding will post $2.62 EPS for the current year.

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Several large investors have recently bought and sold shares of the company. Bank of Montreal Can increased its stake in American Equity Investment Life Holding by 1,380.4% in the first quarter. Bank of Montreal Can now owns 150,852 shares of the financial services provider’s stock valued at $3,564,000 after buying an additional 140,662 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in American Equity Investment Life Holding by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 36,000 shares of the financial services provider’s stock valued at $851,000 after buying an additional 600 shares in the last quarter. State of Alaska Department of Revenue increased its stake in American Equity Investment Life Holding by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 9,790 shares of the financial services provider’s stock valued at $231,000 after buying an additional 270 shares in the last quarter. ProShare Advisors LLC increased its stake in American Equity Investment Life Holding by 15.9% in the first quarter. ProShare Advisors LLC now owns 325,403 shares of the financial services provider’s stock valued at $7,689,000 after buying an additional 44,704 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in American Equity Investment Life Holding by 30.3% in the first quarter. Acadian Asset Management LLC now owns 389,408 shares of the financial services provider’s stock valued at $9,201,000 after buying an additional 90,482 shares in the last quarter. Hedge funds and other institutional investors own 93.84% 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.

Analyst Recommendations for American Equity Investment Life Holding (NYSE:AEL)

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