American Equity Investment Life Holding Company (NYSE:AEL) has earned a consensus recommendation of “Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $28.13.

A number of analysts have recently issued reports on AEL shares. ValuEngine downgraded shares of American Equity Investment Life from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 14th. Royal Bank Of Canada reissued a “buy” rating and issued a $30.00 price objective on shares of American Equity Investment Life in a report on Tuesday, October 10th. BidaskClub downgraded shares of American Equity Investment Life from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 22nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $28.00 price target on shares of American Equity Investment Life in a report on Wednesday, August 16th. Finally, B. Riley reaffirmed a “hold” rating and set a $26.00 price target on shares of American Equity Investment Life in a report on Wednesday, November 15th.

Shares of American Equity Investment Life (NYSE AEL) traded down $0.08 on Thursday, reaching $31.19. 732,000 shares of the company’s stock traded hands, compared to its average volume of 572,303. The stock has a market cap of $2,786.83, a PE ratio of 10.56 and a beta of 2.54. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.27. American Equity Investment Life has a fifty-two week low of $21.02 and a fifty-two week high of $32.50.

American Equity Investment Life (NYSE:AEL) last issued its quarterly earnings results on Monday, November 6th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.33. The company had revenue of $906.00 million during the quarter, compared to analyst estimates of $615.75 million. American Equity Investment Life had a net margin of 7.90% and a return on equity of 10.50%. American Equity Investment Life’s quarterly revenue was up 43.8% compared to the same quarter last year. During the same period last year, the business earned ($0.05) EPS. analysts predict that American Equity Investment Life will post 2.99 earnings per share for the current fiscal year.

The firm also recently declared an annual dividend, which will be paid on Tuesday, December 12th. Investors of record on Wednesday, November 29th will be given a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, November 28th. This is a boost from American Equity Investment Life’s previous annual dividend of $0.24. American Equity Investment Life’s payout ratio is currently 9.03%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in American Equity Investment Life by 11.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,948 shares of the financial services provider’s stock worth $104,000 after buying an additional 414 shares during the period. Riverhead Capital Management LLC boosted its stake in shares of American Equity Investment Life by 79.5% during the second quarter. Riverhead Capital Management LLC now owns 5,026 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 2,226 shares during the period. C M Bidwell & Associates Ltd. purchased a new stake in shares of American Equity Investment Life during the second quarter valued at $174,000. Neuberger Berman Group LLC purchased a new stake in shares of American Equity Investment Life during the second quarter valued at $203,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of American Equity Investment Life during the third quarter valued at $203,000. Institutional investors own 93.13% of the company’s stock.

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About American Equity Investment Life

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 (NYSE:AEL)

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