American Equity Investment Life Holding Company (NYSE:AEL) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Wednesday.

Other equities analysts have also issued reports about the stock. TheStreet upgraded shares of American Equity Investment Life Holding from a “c+” rating to a “b” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded shares of American Equity Investment Life Holding from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Tuesday, August 8th. Royal Bank Of Canada restated a “buy” rating and issued a $28.00 price objective on shares of American Equity Investment Life Holding in a report on Monday, May 22nd. FBR & Co lowered shares of American Equity Investment Life Holding from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $30.00 to $26.00 in a report on Wednesday, June 7th. Finally, Keefe, Bruyette & Woods assumed coverage on shares of American Equity Investment Life Holding in a research note on Wednesday, April 26th. They set a “market perform” rating and a $26.00 target price on the stock. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $25.25.

American Equity Investment Life Holding (NYSE AEL) remained flat at $28.11 during mid-day trading on Wednesday. The stock had a trading volume of 367,106 shares. The company has a market cap of $2.50 billion, a P/E ratio of 12.95 and a beta of 2.49. American Equity Investment Life Holding has a 12 month low of $15.27 and a 12 month high of $28.64. The firm’s 50-day moving average price is $27.30 and its 200 day moving average price is $25.41.

American Equity Investment Life Holding (NYSE:AEL) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.71 EPS for the quarter, topping the consensus estimate of $0.59 by $0.12. American Equity Investment Life Holding had a net margin of 6.48% and a return on equity of 6.84%. The firm had revenue of $819.10 million for the quarter, compared to analyst estimates of $531.83 million. During the same period in the prior year, the business posted $0.60 EPS. The business’s revenue for the quarter was up 49.0% compared to the same quarter last year. On average, equities research analysts anticipate that American Equity Investment Life Holding will post $2.62 earnings per share for the current fiscal year.

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Several large investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue increased its stake in shares of American Equity Investment Life Holding by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 9,790 shares of the financial services provider’s stock worth $231,000 after buying an additional 270 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of American Equity Investment Life Holding by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 36,000 shares of the financial services provider’s stock worth $851,000 after buying an additional 600 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of American Equity Investment Life Holding during the first quarter worth approximately $1,237,000. State Board of Administration of Florida Retirement System increased its stake in shares of American Equity Investment Life Holding by 18.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 77,428 shares of the financial services provider’s stock worth $1,830,000 after buying an additional 11,890 shares in the last quarter. Finally, Sei Investments Co. increased its position in American Equity Investment Life Holding by 81.5% in the first quarter. Sei Investments Co. now owns 38,965 shares of the financial services provider’s stock worth $920,000 after buying an additional 17,498 shares during the period. 93.84% of the stock is currently owned by institutional investors.

American Equity Investment Life Holding 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.

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

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