Rating Change: EU: American Equity Investment Life (AEL)’s Stock Had Its Outperform Rating Restated at FBR & Co. in Report Issued Today. Has $25.0 Target

November 28, 2016 - By olga

Rating Change: EU: American Equity Investment Life (AEL)'s Stock Had Its Outperform Rating Restated at FBR & Co. in Report Issued Today. Has $25.0 Target

American Equity Investment Life (AEL) Rating

FBR & Co. currently has a $25.0 target on the $1.83 billion market cap company or 18.04% upside potential. In a report issued to clients on 28 November, American Equity Investment Life (AEL) stock had its Outperform Rating reaffirmed by research analysts at FBR & Co..

American Equity Investment Life Holding (NYSE:AEL) Ratings Coverage

Out of 2 analysts covering American Equity Investment Life (AEL), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. American Equity Investment Life has been the topic of 2 analyst reports since October 7, 2016 according to StockzIntelligence Inc. The firm has “Buy” rating by Sandler O’Neill given on Friday, November 4. The rating was initiated by Credit Suisse on Friday, October 7 with “Neutral”.

The stock decreased 1.90% or $0.41 on November 25, hitting $21.18. American Equity Investment Life Holding (AEL) has risen 32.13% since April 25, 2016 and is uptrending. It has outperformed by 26.11% the S&P500.

Analysts await American Equity Investment Life Holding (NYSE:AEL) to report earnings on February, 8. They expect $0.56 earnings per share, down 6.67% or $0.04 from last year’s $0.6 per share. AEL’s profit will be $48.39 million for 9.46 P/E if the $0.56 EPS becomes a reality. After $-0.05 actual earnings per share reported by American Equity Investment Life Holding for the previous quarter, Wall Street now forecasts -1,220.00% EPS growth.

Insitutional Activity: The institutional sentiment increased to 1.49 in 2016 Q2. Its up 0.45, from 1.04 in 2016Q1. The ratio increased, as 33 funds sold all American Equity Investment Life Holding shares owned while 47 reduced positions. 14 funds bought stakes while 69 increased positions. They now own 74.22 million shares or 7.46% less from 80.21 million shares in 2016Q1.

Quantitative Inv Mngmt last reported 32,000 shares in the company. Ny State Common Retirement Fund holds 0.02% or 882,827 shares in its portfolio. Manufacturers Life Insurance The last reported 0% of its portfolio in the stock. Moreover, Ubs Asset Management Americas has 0% invested in American Equity Investment Life Holding (NYSE:AEL) for 73,463 shares. Blackrock Limited, a United Kingdom-based fund reported 141,905 shares. Pinebridge Invs Ltd Partnership accumulated 10,434 shares or 0.01% of the stock. Blackrock holds 0% of its portfolio in American Equity Investment Life Holding (NYSE:AEL) for 22,454 shares. Livforsakringsbolaget Skandia Omsesidigt has invested 0.03% of its portfolio in American Equity Investment Life Holding (NYSE:AEL). Moreover, Pzena Investment Ltd Liability Company has 0.24% invested in American Equity Investment Life Holding (NYSE:AEL) for 2.68M shares. Texas Permanent School Fund accumulated 0.01% or 62,912 shares. Cipher Cap Limited Partnership has invested 0.16% of its portfolio in American Equity Investment Life Holding (NYSE:AEL). Philadelphia Financial Mgmt Of San Francisco Ltd holds 984,134 shares or 3.22% of its portfolio. Century Cap Management Ltd Liability Co accumulated 0.33% or 208,396 shares. The Pennsylvania-based Nationwide Fund Advsrs has invested 0.02% in American Equity Investment Life Holding (NYSE:AEL). Blackrock Invest Management Ltd Liability has 348,650 shares for 0.01% of their US portfolio.

Insider Transactions: Since June 8, 2016, the stock had 0 buys, and 5 insider sales for $282,270 net activity. Another trade for 1,000 shares valued at $21,550 was made by RICHARDSON DEBRA J on Monday, November 14. 3,000 American Equity Investment Life Holding (NYSE:AEL) shares with value of $61,720 were sold by Clark Alexander Meeker. Another trade for 3,000 shares valued at $54,000 was made by WHITFIELD HARLEY A on Monday, September 19.

American Equity Investment Life Holding Company is engaged in the development and sale of fixed index and fixed rate annuity products. The company has a market cap of $1.83 billion. The Firm 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. It currently has negative earnings. The Company’s products include Fixed Index Annuities, Fixed Rate Annuities, Withdrawal Options-Fixed Index and Fixed Rate Annuities and Life Insurance.

According to Zacks Investment Research, “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 Company Profile

American Equity Investment Life Holding Company, incorporated on December 18, 1997, is engaged in the development and sale of fixed index and fixed rate annuity products. The Firm issues fixed annuity and life insurance products through its life insurance subsidiaries, American Equity Investment Life Insurance Company (American Equity Life), American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company (Eagle Life). The Firm operates through the sale of fixed index and fixed rate annuities segment. The Company’s products include Fixed Index Annuities, Fixed Rate Annuities, Withdrawal Options-Fixed Index and Fixed Rate Annuities and Life Insurance.

More recent American Equity Investment Life Holding (NYSE:AEL) news were published by: Fool.com which released: “Why American Equity Investment Life Holding Company Stock Plunged Today” on April 06, 2016. Also Seekingalpha.com published the news titled: “American Equity Investment Life Holding’s (AEL) CEO John Matovina on Q2 2016 …” on August 06, 2016. Nasdaq.com‘s news article titled: “American Equity Investment Life Holding Becomes Oversold (AEL)” with publication date: November 24, 2015 was also an interesting one.

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