American Equity Investment Life Holding (NYSE:AEL) was downgraded by research analysts at FBR & Co from an “outperform” rating to a “market perform” rating in a research note issued on Wednesday. They currently have a $26.00 price target on the financial services provider’s stock, down from their prior price target of $30.00. FBR & Co’s price objective would suggest a potential upside of 4.97% from the company’s current price.

A number of other equities analysts also recently issued reports on AEL. TheStreet raised shares of American Equity Investment Life Holding from a “c” rating to a “b-” rating in a research note on Thursday, February 9th. Keefe, Bruyette & Woods began coverage on shares of American Equity Investment Life Holding in a research note on Wednesday, April 26th. They issued a “market perform” rating and a $26.00 price target for the company. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $28.00 price target on shares of American Equity Investment Life Holding in a research note on Monday, May 22nd. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $24.13.

Analyst Recommendations for American Equity Investment Life Holding (NYSE:AEL)

American Equity Investment Life Holding (AEL) opened at 24.77 on Wednesday. American Equity Investment Life Holding has a 52-week low of $13.07 and a 52-week high of $28.00. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 11.93 and a beta of 2.36. The stock has a 50 day moving average price of $24.28 and a 200 day moving average price of $23.99.

American Equity Investment Life Holding (NYSE:AEL) last released its quarterly earnings results on Wednesday, May 3rd. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.08. American Equity Investment Life Holding had a net margin of 3.75% and a return on equity of 4.79%. The company had revenue of $927.30 million during the quarter, compared to the consensus estimate of $532.31 million. During the same period in the prior year, the firm earned $0.25 earnings per share. American Equity Investment Life Holding’s revenue was up 122.1% on a year-over-year basis. Equities research analysts forecast that American Equity Investment Life Holding will post $2.48 earnings per share for the current year.

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In other American Equity Investment Life Holding news, Director Alan David Matula acquired 6,270 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were acquired at an average price of $23.96 per share, for a total transaction of $150,229.20. Following the completion of the acquisition, the director now owns 13,220 shares in the company, valued at $316,751.20. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.43% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of AEL. Benjamin F. Edwards & Company purchased a new stake in American Equity Investment Life Holding during the fourth quarter worth approximately $0. Tower Research Capital LLC TRC boosted its stake in American Equity Investment Life Holding by 1,507.3% in the second quarter. Tower Research Capital LLC TRC now owns 7,313 shares of the financial services provider’s stock worth $104,000 after buying an additional 6,858 shares during the last quarter. Elkfork Partners LLC boosted its stake in American Equity Investment Life Holding by 11.0% in the first quarter. Elkfork Partners LLC now owns 4,508 shares of the financial services provider’s stock worth $107,000 after buying an additional 448 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in American Equity Investment Life Holding by 21.0% in the second quarter. Public Employees Retirement System of Ohio now owns 7,673 shares of the financial services provider’s stock worth $109,000 after buying an additional 1,331 shares during the last quarter. Finally, Springbok Capital Management LLC purchased a new stake in American Equity Investment Life Holding during the first quarter worth approximately $111,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

About American Equity Investment Life Holding

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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