Shares of American Equity Investment Life Holding (NYSE:AEL) have been assigned an average rating of “Hold” from the six ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $28.67.

AEL has been the subject of a number of analyst reports. ValuEngine cut American Equity Investment Life from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 27th. TheStreet upgraded American Equity Investment Life from a “c+” rating to a “b-” rating in a research note on Monday, May 20th. Zacks Investment Research upgraded shares of American Equity Investment Life from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Monday, August 26th. Finally, Raymond James decreased their price target on shares of American Equity Investment Life from $38.00 to $32.00 and set an “outperform” rating for the company in a research report on Friday, June 14th.

NYSE:AEL traded up $0.45 during trading hours on Friday, reaching $23.82. The company’s stock had a trading volume of 416,806 shares, compared to its average volume of 454,978. The stock has a 50 day moving average price of $22.84 and a two-hundred day moving average price of $27.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.11 and a current ratio of 0.11. The company has a market capitalization of $2.08 billion, a P/E ratio of 5.11 and a beta of 1.99. American Equity Investment Life has a 12 month low of $20.16 and a 12 month high of $36.94.

American Equity Investment Life (NYSE:AEL) last announced its earnings results on Monday, August 5th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.14. The company had revenue of $706.39 million for the quarter, compared to the consensus estimate of $632.38 million. During the same period last year, the business posted $0.95 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. As a group, analysts predict that American Equity Investment Life will post 4.05 EPS for the current fiscal year.

In other news, Director Debra J. Richardson sold 80,000 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $27.40, for a total transaction of $2,192,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Joyce Ann Chapman sold 10,000 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $26.90, for a total value of $269,000.00. Following the completion of the sale, the director now directly owns 24,950 shares of the company’s stock, valued at approximately $671,155. The disclosure for this sale can be found here. Insiders sold 122,413 shares of company stock worth $3,336,254 over the last ninety days. Corporate insiders own 1.99% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. NumerixS Investment Technologies Inc purchased a new stake in American Equity Investment Life in the second quarter valued at about $30,000. Quadrant Capital Group LLC increased its holdings in shares of American Equity Investment Life by 547.5% during the first quarter. Quadrant Capital Group LLC now owns 2,331 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 1,971 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of American Equity Investment Life by 45.5% in the 1st quarter. Global Retirement Partners LLC now owns 2,496 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 780 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of American Equity Investment Life by 117.8% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 6,057 shares of the financial services provider’s stock valued at $163,000 after purchasing an additional 3,276 shares during the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in American Equity Investment Life in the 2nd quarter worth approximately $182,000. Hedge funds and other institutional investors own 91.71% of the company’s stock.

American Equity Investment Life Company Profile

American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products and services in the United States. The company issues fixed index and rate annuities; and single premium immediate annuities, as well as life insurance products. It markets its products through independent agents, including national marketing organizations, broker/dealers, banks, and registered investment advisors.

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