B. Riley reiterated their neutral rating on shares of American Equity Investment Life Holding Company (NYSE:AEL) in a research report sent to investors on Monday morning. B. Riley also issued estimates for American Equity Investment Life Holding’s Q3 2017 earnings at $0.63 EPS, FY2017 earnings at $2.65 EPS, FY2018 earnings at $2.65 EPS and FY2019 earnings at $2.70 EPS.

Several other equities analysts have also recently issued reports on AEL. Royal Bank Of Canada boosted their target price on shares of American Equity Investment Life Holding from $30.00 to $32.00 and gave the company an outperform rating in a research note on Wednesday. Zacks Investment Research upgraded shares of American Equity Investment Life Holding from a hold rating to a buy rating and set a $31.00 target price for the company in a research note on Tuesday, August 8th. Keefe, Bruyette & Woods reiterated a hold rating and issued a $28.00 target price on shares of American Equity Investment Life Holding in a research note on Wednesday, August 16th. TheStreet upgraded shares of American Equity Investment Life Holding from a c+ rating to a b rating in a research note on Thursday, August 3rd. Finally, BidaskClub upgraded shares of American Equity Investment Life Holding from a buy rating to a strong-buy rating in a research note on Wednesday, August 16th. Six analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. American Equity Investment Life Holding presently has an average rating of Buy and an average price target of $27.86.

American Equity Investment Life Holding (NYSE AEL) opened at $28.50 on Monday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.43. American Equity Investment Life Holding has a 12 month low of $16.38 and a 12 month high of $31.05. The stock has a market cap of $2,583.94, a price-to-earnings ratio of 9.82 and a beta of 2.54.

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

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A number of large investors have recently bought and sold shares of the business. Cipher Capital LP raised its position in American Equity Investment Life Holding by 2.9% during the third quarter. Cipher Capital LP now owns 110,167 shares of the financial services provider’s stock worth $3,204,000 after acquiring an additional 3,126 shares during the period. Macquarie Group Ltd. raised its position in American Equity Investment Life Holding by 3.1% during the third quarter. Macquarie Group Ltd. now owns 3,599,783 shares of the financial services provider’s stock worth $104,681,000 after acquiring an additional 109,163 shares during the period. Ameriprise Financial Inc. raised its position in American Equity Investment Life Holding by 1.5% during the third quarter. Ameriprise Financial Inc. now owns 2,412,454 shares of the financial services provider’s stock worth $70,153,000 after acquiring an additional 35,072 shares during the period. ClariVest Asset Management LLC raised its position in American Equity Investment Life Holding by 3.5% during the third quarter. ClariVest Asset Management LLC now owns 303,722 shares of the financial services provider’s stock worth $8,833,000 after acquiring an additional 10,200 shares during the period. Finally, 361 Capital LLC acquired a new position in American Equity Investment Life Holding during the third quarter worth $2,367,000. Institutional investors own 93.32% 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.

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

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