American Equity Investment Life Holding (NYSE:AEL) has been given an average recommendation of “Hold” by the nine ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $24.43.

Several research firms recently commented on AEL. Royal Bank of Canada lowered shares of American Equity Investment Life from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $32.00 to $18.00 in a research report on Friday, March 20th. ValuEngine lowered shares of American Equity Investment Life from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 25th. Zacks Investment Research upgraded shares of American Equity Investment Life from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Monday, May 11th. Piper Sandler dropped their price target on shares of American Equity Investment Life from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, April 3rd. Finally, TheStreet lowered shares of American Equity Investment Life from a “b-” rating to a “c+” rating in a research report on Friday, March 13th.

AEL stock opened at $18.03 on Wednesday. The firm has a market cap of $1.63 billion, a PE ratio of 3.23 and a beta of 1.76. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.13 and a current ratio of 0.12. The firm’s fifty day moving average is $19.29 and its 200 day moving average is $25.39. American Equity Investment Life has a one year low of $9.07 and a one year high of $34.16.

American Equity Investment Life (NYSE:AEL) last released its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.52. The company had revenue of $573.32 million for the quarter, compared to analyst estimates of $588.99 million. American Equity Investment Life had a net margin of 7.10% and a return on equity of 15.77%. During the same quarter last year, the business earned $0.97 earnings per share. Research analysts predict that American Equity Investment Life will post 4.81 earnings per share for the current fiscal year.

In other news, Director Debra J. Richardson sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $33.20, for a total value of $664,000.00. Following the transaction, the director now directly owns 106,022 shares of the company’s stock, valued at $3,519,930.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Anant Bhalla purchased 4,075 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was acquired at an average cost of $11.83 per share, for a total transaction of $48,207.25. Following the completion of the purchase, the chief executive officer now owns 475 shares of the company’s stock, valued at approximately $5,619.25. The disclosure for this purchase can be found here. 1.99% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of the business. Advisors Preferred LLC purchased a new stake in shares of American Equity Investment Life in the 4th quarter valued at approximately $28,000. First Bank & Trust raised its stake in shares of American Equity Investment Life by 288.5% in the 4th quarter. First Bank & Trust now owns 1,356 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 1,007 shares during the period. Versant Capital Management Inc grew its holdings in shares of American Equity Investment Life by 55.1% in the first quarter. Versant Capital Management Inc now owns 2,513 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 893 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of American Equity Investment Life in the first quarter valued at approximately $58,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of American Equity Investment Life by 1,202.8% in the first quarter. Nisa Investment Advisors LLC now owns 6,905 shares of the financial services provider’s stock valued at $130,000 after purchasing an additional 6,375 shares in the last quarter. 95.13% of the stock is currently owned by institutional investors.

About American Equity Investment Life

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

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