Rating Watching: American Equity Investment Life (NYSE:AEL) Stock Rating Maintained by FBR & Co.; The $25 Target Indicates 18.04% Potential

November 28, 2016 - By Louis Casey

Rating Watching: American Equity Investment Life (NYSE:AEL) Stock Rating Maintained by FBR & Co.; The $25 Target Indicates 18.04% Potential

American Equity Investment Life (NYSE:AEL) Rating

The financial company have set target price per share of $25 on American Equity Investment Life (NYSE:AEL) shares. This is 18.04% from the last stock close price. In analysts report published on Monday morning, FBR & Co. kept their Outperform rating on shares of AEL.

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 stock of American Equity Investment Life Holding (NYSE:AEL) has “Outperform” rating given on Friday, January 29 by RBC Capital Markets. JP Morgan upgraded American Equity Investment Life Holding (NYSE:AEL) rating on Monday, June 6. JP Morgan has “Overweight” rating and $20 price target. FBR Capital maintained the stock with “Outperform” rating in Monday, December 7 report. As per Thursday, February 11, the company rating was maintained by RBC Capital Markets. The stock of American Equity Investment Life Holding (NYSE:AEL) earned “Outperform” rating by FBR Capital on Monday, August 10. The stock has “Hold” rating given by Sandler O’Neill on Thursday, April 7. The rating was maintained by FBR Capital with “Outperform” on Thursday, May 26. The rating was initiated by Credit Suisse on Friday, October 7 with “Neutral”. Sandler O’Neill upgraded American Equity Investment Life Holding (NYSE:AEL) on Friday, November 4 to “Buy” rating. Raymond James upgraded the stock to “Market Perform” rating in Monday, August 10 report.

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.

Teacher Retirement Of Texas has 0% invested in the company for 11,468 shares. Aristotle Capital Boston Ltd Llc, a Massachusetts-based fund reported 262,499 shares. Bridgeway Capital Inc holds 0.03% of its portfolio in American Equity Investment Life Holding (NYSE:AEL) for 133,200 shares. Comerica Bank owns 138,856 shares or 0.02% of their US portfolio. Manufacturers Life Insur The accumulated 54,527 shares or 0% of the stock. Teachers Advsrs Inc accumulated 1.06M shares or 0.03% of the stock. Tiaa Cref Inv Management Limited Liability Corp last reported 386,635 shares in the company. The New Jersey-based Nj State Employees Deferred Compensation Plan has invested 0.24% in American Equity Investment Life Holding (NYSE:AEL). Blackrock Gru accumulated 141,905 shares or 0% of the stock. Nordea Investment Mngmt Ab has invested 0% of its portfolio in American Equity Investment Life Holding (NYSE:AEL). The Georgia-based Voya Invest Mngmt Limited Liability Corp has invested 0% in American Equity Investment Life Holding (NYSE:AEL). Qs Lc owns 168,716 shares or 0.02% of their US portfolio. Mutual Of America Capital Limited Liability Com has 187,915 shares for 0.06% of their US portfolio. Public Sector Pension Invest Board has 0.01% invested in the company for 57,416 shares. State Street holds 0% or 2.14M shares in its portfolio.

Insider Transactions: Since June 8, 2016, the stock had 0 insider purchases, and 5 insider sales for $282,270 net activity. Clark Alexander Meeker had sold 3,000 shares worth $61,720 on Thursday, November 10. On Monday, November 14 the insider RICHARDSON DEBRA J sold $21,550. Shares for $54,000 were sold by WHITFIELD HARLEY A.

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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