American Equity Investment Life Holding Company (NYSE:AEL) has been given an average rating of “Hold” by the ten analysts that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $25.00.

A number of equities analysts have recently weighed in on AEL shares. Keefe, Bruyette & Woods started coverage on American Equity Investment Life Holding in a report on Wednesday, April 26th. They issued a “market perform” rating and a $26.00 target price on the stock. TheStreet downgraded American Equity Investment Life Holding from a “b-” rating to a “c+” rating in a report on Monday, May 15th. Royal Bank Of Canada reiterated a “buy” rating and issued a $28.00 target price on shares of American Equity Investment Life Holding in a report on Monday, May 22nd. FBR & Co downgraded American Equity Investment Life Holding from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $30.00 to $26.00 in a report on Wednesday, June 7th. Finally, BidaskClub upgraded American Equity Investment Life Holding from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th.

American Equity Investment Life Holding (AEL) traded up 0.18% during midday trading on Friday, reaching $27.85. 546,851 shares of the company were exchanged. The firm’s 50-day moving average price is $26.66 and its 200 day moving average price is $25.16. American Equity Investment Life Holding has a 52-week low of $15.27 and a 52-week high of $28.32. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 12.73 and a beta of 2.49.

American Equity Investment Life Holding (NYSE:AEL) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.71 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 6.48% and a return on equity of 6.84%. The business’s quarterly revenue was up 49.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 earnings per share. Equities analysts predict that American Equity Investment Life Holding will post $2.57 earnings per share for the current year.

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In other news, Director Alan David Matula acquired 6,270 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The shares were purchased at an average price of $23.96 per share, for a total transaction of $150,229.20. Following the completion of the acquisition, the director now owns 13,220 shares of the company’s stock, valued at approximately $316,751.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.05% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in AEL. BlackRock Inc. increased its position in 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. Vanguard Group Inc. increased its position in American Equity Investment Life Holding by 7.7% in the first quarter. Vanguard Group Inc. now owns 8,373,032 shares of the financial services provider’s stock worth $197,855,000 after buying an additional 600,302 shares in the last quarter. State Street Corp increased its position in American Equity Investment Life Holding by 11.6% in the first quarter. State Street Corp now owns 2,586,563 shares of the financial services provider’s stock worth $61,117,000 after buying an additional 269,315 shares in the last quarter. Pzena Investment Management LLC increased its position in American Equity Investment Life Holding by 0.4% in the second quarter. Pzena Investment Management LLC now owns 2,437,159 shares of the financial services provider’s stock worth $64,049,000 after buying an additional 9,196 shares in the last quarter. Finally, Snow Capital Management LP increased its position 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 in the last quarter. Hedge funds and other institutional investors own 93.25% 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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