Daily Ratings & News for American Equity Investment Life

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American Equity Investment Life Holding (AEL) Given Average Rating of Hold by Analysts

Shares of American Equity Investment Life Holding (NYSE:AEL) have been given an average recommendation of Hold by the six analysts that are presently covering the reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $34.00.

A number of analysts have recently weighed in on AEL shares.ValuEnginecut shares of American Equity Investment Life from a hold rating to a sell rating in a report on Thursday, May 23rd. TheStreet upgraded shares of American Equity Investment Life from a c+ rating to a b- rating in a report on Monday, May 20th.Zacks Investment Researchupgraded shares of American Equity Investment Life from a hold rating to a buy rating and set a $34.00 price target on the stock in a report on Monday, May 6th. UBS Group raised their price target on shares of American Equity Investment Life from $29.00 to $30.00 and gave the company a neutral rating in a report on Thursday, May 2nd. Finally, Sandler ONeill cut shares of American Equity Investment Life from a buy rating to a hold rating in a report on Tuesday, April 30th.

Shares ofNYSE AELtraded up $0.72 during mid-day trading on Wednesday, reaching $29.03. The company had a trading volume of 13,980 shares, compared to its average volume of 404,619. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.25. The stock has a market cap of $2.57 billion, a PE ratio of 6.23 and a beta of 2.16. American Equity Investment Life has a 52 week low of $25.27 and a 52 week high of $38.56.

American Equity Investment Life (NYSE:AEL) last issued its earnings results on Wednesday, May 1st. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters consensus estimate of $0.92 by $0.05. American Equity Investment Life had a net margin of 13.62% and a return on equity of 13.92%. The company had revenue of $1 billion for the quarter, compared to analysts expectations of $625.65 million. During the same period in the prior year, the business earned $0.85 EPS. The firms quarterly revenue was up 741.8% on a year-over-year basis. As a group, sell-side analysts forecast that American Equity Investment Life will post 3.91 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the company. Royce Associates LP bought a new stake in shares of American Equity Investment Life in the 4th quarter valued at about $49,000. Quadrant Capital Group LLC raised its position in shares of American Equity Investment Life by 547.5% in the 1st quarter. Quadrant Capital Group LLC now owns 2,331 shares of the financial services providers stock valued at $60,000 after purchasing an additional 1,971 shares during 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 providers stock valued at $67,000 after purchasing an additional 780 shares during the last quarter. Meeder Asset Management Inc. raised its position in shares of American Equity Investment Life by 149.7% in the 4th quarter. Meeder Asset Management Inc. now owns 2,629 shares of the financial services providers stock valued at $74,000 after purchasing an additional 1,576 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of American Equity Investment Life by 9.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,032 shares of the financial services providers stock valued at $196,000 after purchasing an additional 580 shares during the last quarter. Institutional investors and hedge funds own 92.40% of the companys stock.

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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Envestnet Asset Management Inc. Has $9.56 Million Holdings in Yum! Brands, Inc.

resTORbio, Inc. Expected to Announce Earnings of -$0.41 Per Share

ACADIA Pharmaceuticals Inc. Stake Increased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale Sells 2,971 Shares of Veeva Systems Inc

Fosun International Ltd Buys New Holdings in Medtronic PLC

CIBC World Markets Inc. Takes $440,000 Position in Amdocs Limited