Shares of American Equity Investment Life Holding (NYSE:AEL) have earned an average rating of “Hold” from the ten research firms that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $29.14.

Several equities research analysts have commented on AEL shares. Royal Bank of Canada restated a “buy” rating and issued a $30.00 target price on shares of American Equity Investment Life in a research note on Tuesday, October 10th. Goldman Sachs Group started coverage on American Equity Investment Life in a research note on Wednesday, October 18th. They issued a “neutral” rating and a $29.00 target price on the stock. B. Riley restated a “neutral” rating on shares of American Equity Investment Life in a research note on Monday, November 6th. Finally, ValuEngine cut American Equity Investment Life from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 14th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in American Equity Investment Life by 11.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,948 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 414 shares in the last quarter. Riverhead Capital Management LLC raised its stake in shares of American Equity Investment Life by 79.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,026 shares of the financial services provider’s stock worth $132,000 after purchasing an additional 2,226 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new stake in shares of American Equity Investment Life during the 2nd quarter worth approximately $174,000. Neuberger Berman Group LLC bought a new stake in shares of American Equity Investment Life during the 2nd quarter worth approximately $203,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of American Equity Investment Life during the 3rd quarter worth approximately $203,000. Hedge funds and other institutional investors own 93.92% of the company’s stock.

American Equity Investment Life (AEL) traded up $0.30 during trading hours on Monday, hitting $31.87. The stock had a trading volume of 583,677 shares, compared to its average volume of 480,397. American Equity Investment Life has a fifty-two week low of $21.90 and a fifty-two week high of $32.54. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.12 and a quick ratio of 0.12. The company has a market cap of $2,813.57, a PE ratio of 11.07 and a beta of 2.55.

American Equity Investment Life (NYSE:AEL) last released its quarterly earnings data on Monday, November 6th. The financial services provider reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.33. American Equity Investment Life had a return on equity of 10.50% and a net margin of 7.90%. The business had revenue of $906.00 million for the quarter, compared to analysts’ expectations of $615.75 million. During the same quarter in the previous year, the business posted ($0.05) EPS. American Equity Investment Life’s revenue for the quarter was up 43.8% on a year-over-year basis. equities analysts anticipate that American Equity Investment Life will post 3 earnings per share for the current year.

The company also recently announced an annual dividend, which was paid on Tuesday, December 12th. Shareholders of record on Wednesday, November 29th were paid a $0.26 dividend. This is a boost from American Equity Investment Life’s previous annual dividend of $0.24. The ex-dividend date was Tuesday, November 28th. American Equity Investment Life’s payout ratio is presently 9.03%.

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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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