American Equity Investment Life (NYSE:AEL) Receives Neutral Rating from B. Riley

American Equity Investment Life (NYSE:AEL)‘s stock had its “neutral” rating reiterated by equities research analysts at B. Riley in a research note issued on Tuesday, October 15th, Zacks.com reports.

AEL has been the subject of several other reports. ValuEngine raised shares of American Equity Investment Life from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Zacks Investment Research raised shares of American Equity Investment Life from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Finally, Citigroup cut their price target on shares of 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $27.25.

Shares of American Equity Investment Life stock traded up $0.19 during trading on Tuesday, hitting $28.40. 397,828 shares of the stock were exchanged, compared to its average volume of 450,378. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 6.09 and a beta of 1.97. The firm’s 50-day moving average price is $24.24 and its 200 day moving average price is $25.78. American Equity Investment Life has a 12-month low of $20.16 and a 12-month high of $36.06. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11.

American Equity Investment Life (NYSE:AEL) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $2.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $1.56. The firm had revenue of $643.40 million for the quarter, compared to analysts’ expectations of $641.01 million. American Equity Investment Life’s revenue for the quarter was down 46.1% on a year-over-year basis. During the same period last year, the firm posted $1.87 earnings per share. As a group, research analysts forecast that American Equity Investment Life will post 4.04 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue increased its stake in American Equity Investment Life by 1.4% in the second quarter. State of Alaska Department of Revenue now owns 30,938 shares of the financial services provider’s stock valued at $840,000 after purchasing an additional 432 shares during the period. Gradient Investments LLC increased its stake in American Equity Investment Life by 10.8% in the third quarter. Gradient Investments LLC now owns 4,599 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 450 shares during the period. Mason Street Advisors LLC increased its stake in American Equity Investment Life by 1.8% in the third quarter. Mason Street Advisors LLC now owns 30,892 shares of the financial services provider’s stock valued at $748,000 after purchasing an additional 556 shares during the period. Oregon Public Employees Retirement Fund increased its stake in American Equity Investment Life by 1.7% in the second quarter. Oregon Public Employees Retirement Fund now owns 35,589 shares of the financial services provider’s stock valued at $967,000 after purchasing an additional 600 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in American Equity Investment Life by 13.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,795 shares of the financial services provider’s stock valued at $140,000 after purchasing an additional 689 shares during the period. Hedge funds and other institutional investors own 91.27% of the company’s stock.

About American Equity Investment Life

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

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