American Equity Investment Life Holding Company (NYSE:AEL) had its target price increased by equities research analysts at Royal Bank Of Canada from $30.00 to $32.00 in a research report issued to clients and investors on Wednesday. The firm presently has an “outperform” rating on the financial services provider’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 8.51% from the stock’s current price.

AEL has been the topic of several other reports. Zacks Investment Research raised American Equity Investment Life Holding from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Tuesday, August 8th. BidaskClub raised American Equity Investment Life Holding from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 16th. TheStreet raised American Equity Investment Life Holding from a “c+” rating to a “b” rating in a research report on Thursday, August 3rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $28.00 target price on shares of American Equity Investment Life Holding in a research report on Wednesday, August 16th. Finally, ValuEngine raised American Equity Investment Life Holding from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $27.86.

American Equity Investment Life Holding (NYSE:AEL) opened at $29.49 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.12 and a quick ratio of 0.12. American Equity Investment Life Holding has a 52-week low of $16.38 and a 52-week high of $31.05. The firm has a market capitalization of $2,583.94, a PE ratio of 9.82 and a beta of 2.54.

American Equity Investment Life Holding (NYSE:AEL) last issued its earnings results on Monday, November 6th. The financial services provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.33. American Equity Investment Life Holding had a return on equity of 10.82% and a net margin of 7.90%. The company had revenue of $906.00 million for the quarter, compared to analyst estimates of $615.75 million. During the same period in the prior year, the firm posted ($0.05) EPS. The business’s revenue was up 43.8% compared to the same quarter last year. sell-side analysts anticipate that American Equity Investment Life Holding will post 2.64 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Louisiana State Employees Retirement System increased its holdings in shares of American Equity Investment Life Holding by 0.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 36,100 shares of the financial services provider’s stock valued at $949,000 after acquiring an additional 100 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of American Equity Investment Life Holding by 2.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,511 shares of the financial services provider’s stock valued at $224,000 after acquiring an additional 183 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of American Equity Investment Life Holding by 0.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 58,576 shares of the financial services provider’s stock valued at $1,539,000 after acquiring an additional 197 shares during the last quarter. Amalgamated Bank increased its holdings in shares of American Equity Investment Life Holding by 1.8% during the 2nd quarter. Amalgamated Bank now owns 11,832 shares of the financial services provider’s stock valued at $311,000 after acquiring an additional 211 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of American Equity Investment Life Holding by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 46,316 shares of the financial services provider’s stock valued at $1,217,000 after acquiring an additional 300 shares during the last quarter. 93.32% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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