American Equity Investment Life Holding (NYSE:AEL – Get Rating) has received a consensus recommendation of "Hold" from the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $43.60.
Several brokerages have recently weighed in on AEL. StockNews.com cut shares of American Equity Investment Life from a "buy" rating to a "hold" rating in a research note on Friday, May 20th. Raymond James boosted their price target on shares of American Equity Investment Life from $40.00 to $48.00 and gave the stock an "outperform" rating in a research report on Monday, August 15th. Piper Sandler cut their price target on shares of American Equity Investment Life from $44.00 to $41.00 and set an "overweight" rating on the stock in a research report on Friday, July 8th. Keefe, Bruyette & Woods cut shares of American Equity Investment Life from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $43.00 to $41.00 in a research report on Wednesday, July 13th. Finally, Morgan Stanley boosted their price target on shares of American Equity Investment Life from $40.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 17th.
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American Equity Investment Life Price Performance
Shares of AEL opened at $37.64 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.16 and a current ratio of 0.16. The stock has a 50 day simple moving average of $37.58 and a 200 day simple moving average of $38.03. American Equity Investment Life has a 52-week low of $27.12 and a 52-week high of $44.49. The firm has a market capitalization of $3.30 billion, a PE ratio of 3.18 and a beta of 1.04.
American Equity Investment Life (NYSE:AEL – Get Rating) last issued its quarterly earnings data on Monday, August 8th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.27. American Equity Investment Life had a return on equity of 8.22% and a net
margin of 61.05%. The business had revenue of $121.40 million during the quarter, compared to analyst estimates of $628.20 million. During the same period in the previous year, the firm earned $0.98 EPS. American Equity Investment Life's quarterly revenue was down 88.7% compared to the same quarter last year. Sell-side analysts predict that American Equity Investment Life will post 3.73 EPS for the current fiscal year.
Insider Buying and Selling at American Equity Investment Life
In other American Equity Investment Life news, EVP Jeffrey D. Lorenzen sold 25,000 shares of the business's stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $40.00, for a total value of $1,000,000.00. Following the completion of the sale, the executive vice president now owns 36,439 shares of the company's stock, valued at approximately $1,457,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.59% of the company's stock.
Institutional Trading of American Equity Investment Life
Institutional investors and hedge funds have recently made changes to their positions in the company. Castleview Partners LLC lifted its holdings in shares of American Equity Investment Life by 282.0% during the 2nd quarter. Castleview Partners LLC now owns 382 shares of the financial services provider's stock worth $53,000 after acquiring an additional 282 shares during the period. Lazard Asset Management LLC bought a new stake in shares of American Equity Investment Life during the 2nd quarter worth approximately $29,000. Byrne Asset Management LLC lifted its holdings in shares of American Equity Investment Life by 95.9% during the 1st quarter. Byrne Asset Management LLC now owns 960 shares of the financial services provider's stock worth $38,000 after acquiring an additional 470 shares during the period. CoreCap Advisors LLC bought a new position in American Equity Investment Life in the 2nd quarter valued at approximately $38,000. Finally, Covestor Ltd bought a new position in American Equity Investment Life in the 4th quarter valued at approximately $61,000. Institutional investors own 93.16% of the company's stock.
American Equity Investment Life Company Profile
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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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