American Equity Investment Life Holding (NYSE: AEL) Receives $ 42.64 Consensus PT from Analysts
American Equity Investment Life Holding (NYSE: AEL – Get Rating) has been given an average rating of “Buy” by the twelve analysts that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $ 42.64.
A number of equities analysts recently weighed in on AEL shares. Royal Bank of Canada increased their price target on American Equity Investment Life from $ 41.00 to $ 47.00 and gave the company an “outperform” rating in a research report on Wednesday, January 12th. StockNews.com assumed coverage on American Equity Investment Life in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Raymond James lifted their price target on American Equity Investment Life from $ 40.00 to $ 44.00 and gave the stock an “outperform” rating in a research note on Monday, January 10th. Morgan Stanley lifted their price target on American Equity Investment Life from $ 40.00 to $ 41.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 22nd. Finally, Jefferies Financial Group assumed coverage on American Equity Investment Life in a research note on Tuesday, January 25th. They issued a “hold” rating and a $ 42.00 price target on the stock.
Shares of AEL stock opened at $ 35.62 on Friday. American Equity Investment Life has a 1 year low of $ 27.12 and a 1 year high of $ 44.49. The stock has a market cap of $ 3.45 billion, a PE ratio of 4.82 and a beta of 1.10. The business’s fifty day moving average is $ 38.65 and its 200-day moving average is $ 38.33. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.20 and a current ratio of 0.20.
American Equity Investment Life (NYSE: AEL – Get Rating) last issued its quarterly earnings results on Wednesday, May 4th. The financial services provider reported $ 0.92 earnings per share (EPS) for the quarter, meeting the consensus estimate of $ 0.92. The company had revenue of $ 147.80 million for the quarter, compared to analysts’ expectations of $ 612.85 million. American Equity Investment Life had a return on equity of 6.93% and a net margin of 26.35%. The firm’s revenue for the quarter was down 84.6% on a year-over-year basis. During the same period last year, the firm earned $ 0.43 EPS. Equities research analysts predict that American Equity Investment Life will post 4.21 earnings per share for the current year.
In related news, EVP Ronald James Grensteiner sold 15,963 shares of the business’s stock in a transaction that occurred on Monday, March 14th. The stock was sold at an average price of $ 38.37, for a total value of $ 612,500.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joyce Ann Chapman sold 3,856 shares of the business’s stock in a transaction that occurred on Wednesday, March 9th. The shares were sold at an average price of $ 38.26, for a total value of $ 147,530.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,007 shares of company stock worth $ 1,112,023. Company insiders own 1.90% of the company stock.
A number of hedge funds have recently made changes to their positions in the business. State Board of Administration of Florida Retirement System grew its holdings in American Equity Investment Life by 5.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 40,195 shares of the financial services provider’s stock valued at $ 1,604,000 after purchasing an additional 2,215 shares during the last quarter. IndexIQ Advisors LLC acquired a new position in American Equity Investment Life during the first quarter valued at approximately $ 407,000. Retireful LLC acquired a new stake in shares of American Equity Investment Life in the first quarter worth $ 643,000. Russell Investments Group Ltd. grew its stake in shares of American Equity Investment Life by 8.0% in the first quarter. Russell Investments Group Ltd. now owns 224,386 shares of the financial services provider’s stock worth $ 8,953,000 after acquiring an additional 16,546 shares during the last quarter. Finally, Harvest Investment Services LLC acquired a new stake in shares of American Equity Investment Life in the first quarter worth $ 326,000. Institutional investors own 95.15% of the company stock.
American Equity Investment Life Company Profile (Get Rating)
American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products in the United States. The company issues fixed index and rate annuities, as well as single premium immediate annuities. It markets its products through independent agents, including independent marketing organizations, broker / dealers, banks, and registered investment advisors.
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