Rating of The Day: FBR & Co. Analyst Reaffirmed $25.00 Price Target on American Equity Investment Life Holding Co (NYSE:AEL) stock, While Reiterating Outperform Rating

November 28, 2016 - By whatsonthorold

Rating of The Day: FBR & Co. Analyst Reaffirmed $25.00 Price Target on American Equity Investment Life Holding Co (NYSE:AEL) stock, While Reiterating Outperform Rating

American Equity Investment Life Holding Co (NYSE:AEL) Rating

In an analyst report published on today, FBR & Co. reaffirmed their Outperform rating on American Equity Investment Life Holding Co (NYSE:AEL)‘s stock. The PT would indicate a potential upside of 18.04% from firm’s previous stock close.

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

Out of 6 analysts covering American Equity Investment Life (NYSE:AEL), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. $32 is the highest target while $20 is the lowest. The $22.80 average target is 7.65% above today’s ($21.18) stock price. American Equity Investment Life has been the topic of 14 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The rating was upgraded by Sandler O’Neill to “Buy” on Friday, November 4. The stock has “Neutral” rating given by JP Morgan on Friday, January 8. On Monday, December 7 the stock rating was maintained by FBR Capital with “Outperform”. RBC Capital Markets initiated it with “Outperform” rating and $24 target price in Friday, January 29 report. On Friday, October 7 the stock rating was initiated by Credit Suisse with “Neutral”. The rating was downgraded by Sandler O’Neill on Thursday, April 7 to “Hold”. The company was upgraded on Monday, June 6 by JP Morgan. The company was maintained on Monday, August 10 by FBR Capital. Raymond James upgraded American Equity Investment Life Holding (NYSE:AEL) on Monday, August 10 to “Market Perform” rating. The company was maintained on Thursday, February 11 by RBC Capital Markets.

The stock decreased 1.90% or $0.41 on November 25, hitting $21.18. American Equity Investment Life Holding (NYSE: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 EPS, down 6.67% or $0.04 from last year’s $0.6 per share. AEL’s profit will be $48.39M for 9.46 P/E if the $0.56 EPS becomes a reality. After $-0.05 actual EPS 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 is positive, 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.

Impact Advsrs Limited Liability, a Massachusetts-based fund reported 61,239 shares. Deutsche Comml Bank Ag has 646,269 shares for 0.01% of their US portfolio. Retirement System Of Alabama has invested 0.04% of its portfolio in American Equity Investment Life Holding (NYSE:AEL). Blackrock Fund, a California-based fund reported 5.06 million shares. Qs Invsts Limited Com holds 0.02% of its portfolio in American Equity Investment Life Holding (NYSE:AEL) for 168,716 shares. Dreman Value Management L L C accumulated 0.06% or 7,227 shares. Amer, a New York-based fund reported 59,999 shares. The Ontario – Canada-based Royal Savings Bank Of Canada has invested 0% in American Equity Investment Life Holding (NYSE:AEL). Arizona State Retirement Systems holds 0.01% or 42,716 shares in its portfolio. Creative Planning, a Kansas-based fund reported 2,000 shares. Dimensional Fund Advsr Lp holds 0.05% or 6.55M shares in its portfolio. Pinebridge Investments Ltd Partnership owns 10,434 shares or 0.01% of their US portfolio. Thrivent For Lutherans holds 39,660 shares or 0% of its portfolio. Eagle Boston Investment Mngmt has 0.7% invested in the company for 360,398 shares. The Switzerland-based Credit Suisse Ag has invested 0% in American Equity Investment Life Holding (NYSE:AEL).

Insider Transactions: Since June 8, 2016, the stock had 0 insider purchases, and 5 sales for $282,270 net activity. Clark Alexander Meeker sold $83,280 worth of stock or 5,000 shares. $54,000 worth of American Equity Investment Life Holding (NYSE:AEL) shares were sold by WHITFIELD HARLEY A. RICHARDSON DEBRA J sold $21,550 worth of stock or 1,000 shares.

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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