American Equity Investment Life Holding (NYSE: AEL) recently received a number of ratings updates from brokerages and research firms:

  • 8/8/2017 – American Equity Investment Life Holding was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $31.00 price target on the stock. According to Zacks, “American Equity Investment Life Holding Company, through its wholly-owned operating subsidiaries, is a full service underwriter of a broad line of annuity and insurance products, with a primary emphasis on the sale of fixed rate and index annuities. “
  • 8/4/2017 – American Equity Investment Life Holding had its price target raised by analysts at Royal Bank Of Canada from $28.00 to $30.00. They now have an “outperform” rating on the stock.
  • 8/3/2017 – American Equity Investment Life Holding was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating.
  • 7/31/2017 – American Equity Investment Life Holding was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/11/2017 – American Equity Investment Life Holding was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/7/2017 – American Equity Investment Life Holding was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “American Equity Investment Life Holding Company, through its wholly-owned operating subsidiaries, is a full service underwriter of a broad line of annuity and insurance products, with a primary emphasis on the sale of fixed rate and index annuities. “
  • 6/28/2017 – American Equity Investment Life Holding was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Shares of American Equity Investment Life Holding Company (AEL) traded up 1.65% on Tuesday, reaching $27.80. 437,495 shares of the company’s stock traded hands. American Equity Investment Life Holding Company has a 52 week low of $15.27 and a 52 week high of $28.32. The firm’s 50 day moving average is $26.66 and its 200 day moving average is $25.16. The firm has a market capitalization of $2.47 billion, a P/E ratio of 12.71 and a beta of 2.49.

American Equity Investment Life Holding (NYSE:AEL) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.12. The company had revenue of $819.10 million during the quarter, compared to the consensus estimate of $531.83 million. American Equity Investment Life Holding had a return on equity of 6.84% and a net margin of 6.48%. American Equity Investment Life Holding’s revenue was up 49.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 EPS. Analysts expect that American Equity Investment Life Holding Company will post $2.56 earnings per share for the current fiscal year.

In other news, Director Alan David Matula bought 6,270 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was bought at an average cost of $23.96 per share, with a total value of $150,229.20. Following the transaction, the director now directly owns 13,220 shares in the company, valued at approximately $316,751.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 4.05% of the company’s stock.

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.

Receive News & Ratings for American Equity Investment Life Holding Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Equity Investment Life Holding Company and related companies with MarketBeat.com's FREE daily email newsletter.