In a report released today, Mark Dwelle from RBC Capital reiterated a Buy rating on American Equity Investment Life (AEL – Research Report), with a price target of $50.00. The company’s shares opened today at $40.83.
Dwelle covers the Financial sector, focusing on stocks such as American Equity Investment Life, Reinsurance Group, and Unum Group. According to TipRanks, Dwelle has an average return of 11.8% and a 63.64% success rate on recommended stocks.
Currently, the analyst consensus on American Equity Investment Life is a Moderate Buy with an average price target of $46.00.
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AEL market cap is currently $3.43B and has a P/E ratio of 8.42.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AEL in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
American Equity Investment Life Holding Co. engages in the development and sale of annuity and life insurance products through its subsidiaries. It focuses on issuing fixed index and fixed rate annuities. The company was founded by David J. Noble on December 15, 1995 and is headquartered in West Des Moines, IA.
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