American Equity Investment Life Holding (NYSE:AEL) has earned a consensus recommendation of “Buy” from the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $31.00.
Several brokerages have weighed in on AEL. B. Riley reaffirmed a “neutral” rating on shares of American Equity Investment Life in a research note on Monday, November 6th. ValuEngine raised shares of American Equity Investment Life from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Royal Bank of Canada lifted their target price on shares of American Equity Investment Life from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, November 8th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $38.00 target price on shares of American Equity Investment Life in a report on Friday, February 9th.
In other news, Director Alexander Meeker Clark sold 2,500 shares of American Equity Investment Life stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $32.75, for a total value of $81,875.00. Following the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $196,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.05% of the company’s stock.
Shares of American Equity Investment Life (AEL) traded up $0.14 during mid-day trading on Tuesday, reaching $31.92. 289,832 shares of the company’s stock traded hands, compared to its average volume of 616,260. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $2,851.45, a price-to-earnings ratio of 16.45 and a beta of 2.50. American Equity Investment Life has a one year low of $22.23 and a one year high of $35.79.
American Equity Investment Life (NYSE:AEL) last announced its earnings results on Wednesday, February 7th. The financial services provider reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.14. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $550.89 million. American Equity Investment Life had a net margin of 4.49% and a return on equity of 10.65%. American Equity Investment Life’s revenue was up 99.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.63 earnings per share. sell-side analysts anticipate that American Equity Investment Life will post 3.4 EPS for the current fiscal year.
American Equity Investment Life Company Profile
American Equity Investment Life Holding Company is engaged in the development and sale of fixed index and fixed rate annuity products. The Company issues fixed annuity and life insurance products through its life insurance subsidiaries, American Equity Investment Life Insurance Company, American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company.
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