American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products in the United States. The company issues fixed index and rate annuities, as well as single premium immediate annuities. It markets its products through independent agents, including independent marketing organizations, broker/dealers, banks, and registered investment advisors. American Equity Investment Life Holding Company was incorporated in 1995 and is headquartered in West Des Moines, Iowa.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the stock. Morgan Stanley dropped their price target on shares of American Equity Investment Life from $41.00 to $40.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 6th. Keefe, Bruyette & Woods lowered shares of American Equity Investment Life from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $43.00 to $41.00 in a research report on Wednesday, July 13th. Raymond James increased their price objective on shares of American Equity Investment Life from $40.00 to $48.00 and gave the stock an "outperform" rating in a research report on Monday. StockNews.com lowered shares of American Equity Investment Life from a "buy" rating to a "hold" rating in a research report on Friday, May 20th. Finally, Credit Suisse Group lowered shares of American Equity Investment Life from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $43.00 to $38.00 in a research report on Friday, July 22nd. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $43.30.
American Equity Investment Life Stock Down 1.8 %
Shares of AEL Stock traded down $0.75 on Monday, hitting $41.54. The stock had a trading volume of 375,050 shares, compared to its average volume of 563,836. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 3.58 and a beta of 1.06. The stock's 50 day moving average is $37.32 and its 200-day moving average is $38.38. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.16 and a current ratio of 0.16. American Equity Investment Life has a 52-week low of $27.12 and a 52-week high of $44.49.
American Equity Investment Life (NYSE:AEL - Get Rating) last announced its earnings results on Monday, August 8th. The financial services provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.27. The business had revenue of $121.40 million during the quarter, compared to the consensus estimate of $628.20 million. American Equity Investment Life had a net margin of 61.05% and a return on equity of 8.22%. The business's quarterly revenue was down 88.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 earnings per share. As a group, research analysts expect that American Equity Investment Life will post 3.71 earnings per share for the current year.
Insider Activity
In other American Equity Investment Life news, EVP Jeffrey D. Lorenzen sold 25,000 shares of the stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $40.00, for a total transaction of $1,000,000.00. Following the transaction, the executive vice president now directly owns 36,439 shares in the company, valued at approximately $1,457,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.59% of the company's stock.