American Equity Investment Life Holding Company (NYSE:AEL) posted its quarterly earnings data on Monday. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.33, Bloomberg Earnings reports. American Equity Investment Life Holding had a net margin of 6.48% and a return on equity of 6.84%.

Shares of American Equity Investment Life Holding (AEL) traded down $0.59 during trading hours on Monday, hitting $29.06. 1,080,000 shares of the stock traded hands, compared to its average volume of 465,797. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $2,580.00, a P/E ratio of 15.20 and a beta of 2.53. American Equity Investment Life Holding has a 52-week low of $15.64 and a 52-week high of $30.51.

A number of analysts have recently issued reports on the stock. Goldman Sachs Group, Inc. (The) assumed coverage on shares of American Equity Investment Life Holding in a report on Wednesday, October 18th. They set a “neutral” rating and a $29.00 price objective for the company. Royal Bank Of Canada reaffirmed a “buy” rating and set a $30.00 price objective on shares of American Equity Investment Life Holding in a report on Tuesday, October 10th. ValuEngine raised shares of American Equity Investment Life Holding from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. BidaskClub downgraded shares of American Equity Investment Life Holding from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $28.00 price objective on shares of American Equity Investment Life Holding in a report on Wednesday, August 16th. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $27.57.

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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.

Earnings History for American Equity Investment Life Holding (NYSE:AEL)

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