American Equity Investment Life (AEL) Upgraded to Strong-Buy by ValuEngine

ValuEngine upgraded shares of American Equity Investment Life (NYSE:AEL) from a buy rating to a strong-buy rating in a research note published on Friday.

Several other research firms have also weighed in on AEL. Royal Bank of Canada restated a buy rating and set a $35.00 target price on shares of American Equity Investment Life in a report on Friday, December 8th. B. Riley raised their target price on American Equity Investment Life from $26.00 to $30.00 and gave the company a neutral rating in a report on Wednesday, December 6th. Finally, Goldman Sachs Group assumed coverage on American Equity Investment Life in a report on Wednesday, October 18th. They set a neutral rating and a $29.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. American Equity Investment Life currently has an average rating of Buy and a consensus price target of $29.83.

Shares of American Equity Investment Life (AEL) opened at $30.88 on Friday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.27. American Equity Investment Life has a 1-year low of $22.23 and a 1-year high of $35.79. The stock has a market capitalization of $2,947.25, a price-to-earnings ratio of 10.72 and a beta of 2.50.

Hedge funds and other institutional investors have recently bought and sold shares of the business. C M Bidwell & Associates Ltd. bought a new position in American Equity Investment Life during the second quarter valued at about $174,000. Teacher Retirement System of Texas bought a new position in American Equity Investment Life during the third quarter valued at about $203,000. V Wealth Management LLC bought a new position in American Equity Investment Life during the fourth quarter valued at about $209,000. Everence Capital Management Inc. bought a new position in American Equity Investment Life during the fourth quarter valued at about $209,000. Finally, Stifel Financial Corp bought a new position in American Equity Investment Life during the second quarter valued at about $216,000. Institutional investors own 95.01% of the company’s stock.

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American Equity Investment Life 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

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