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. “
AEL has been the topic of a number of other reports. ValuEngine upgraded American Equity Investment Life from a strong sell rating to a sell rating in a research note on Wednesday, October 2nd. Citigroup decreased their target price on American Equity Investment Life from $30.00 to $27.00 and set a neutral rating on the stock in a research note on Friday, September 13th. Finally, B. Riley restated a neutral rating on shares of American Equity Investment Life in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $27.25.
Shares of NYSE AEL opened at $28.40 on Wednesday. The firm has a market capitalization of $2.39 billion, a P/E ratio of 6.09 and a beta of 1.97. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.21. The stock’s 50-day simple moving average is $24.24 and its two-hundred day simple moving average is $25.78. American Equity Investment Life has a twelve month low of $20.16 and a twelve month high of $36.06.
American Equity Investment Life (NYSE:AEL) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $1.56. The business had revenue of $643.40 million during the quarter, compared to the consensus estimate of $641.01 million. American Equity Investment Life’s revenue was down 46.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.87 earnings per share. As a group, research analysts anticipate that American Equity Investment Life will post 4.04 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. NumerixS Investment Technologies Inc purchased a new position in shares of American Equity Investment Life in the 2nd quarter worth about $30,000. Denali Advisors LLC purchased a new position in shares of American Equity Investment Life in the 3rd quarter worth about $80,000. First Mercantile Trust Co. purchased a new position in shares of American Equity Investment Life in the 3rd quarter worth about $90,000. Gradient Investments LLC boosted its holdings in shares of American Equity Investment Life by 10.8% in the 3rd quarter. Gradient Investments LLC now owns 4,599 shares of the financial services provider’s stock worth $111,000 after purchasing an additional 450 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of American Equity Investment Life by 13.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,795 shares of the financial services provider’s stock worth $140,000 after purchasing an additional 689 shares in the last quarter. Institutional investors and hedge funds own 91.27% of the company’s stock.
American Equity Investment Life Company Profile
American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products and services in the United States. The company issues fixed index and rate annuities; and single premium immediate annuities, as well as life insurance products. It markets its products through independent agents, including national marketing organizations, broker/dealers, banks, and registered investment advisors.
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