American Equity Investment Life Holding (NYSE: AEL) Given the consensus recommendation to “Buy” by brokerage firms

Shares of American Equity Investment Life Holding (NYSE: AEL) have received a consensus recommendation to “Buy” from the eleven analysts who currently cover the company, reports MarketBeat.com. Three equity research analysts rated the stock with a hold recommendation, six gave a buy recommendation and one gave a strong buy recommendation on the company. The 12-month average price target among analysts who hedged the stock in the past year is $ 39.33.

The AEL has been the subject of several recent research reports. Truist raised its price target for American Equity Investment Life shares from $ 39.00 to $ 44.00 and gave the company a “buy” rating in a research report on Thursday, November 11. Zacks investment research raised American Equity Investment Life shares from a “hold” rating to a “strong buy” rating and set a price target of $ 43.00 on the stock in a research report released on Tuesday, November 16 . Raymond James raised his price target for American Equity Investment Life shares from $ 37.00 to $ 40.00 and gave the company an “outperformance” rating in a research report on Thursday, November 18. Truist Securities raised its price target for American Equity Investment Life shares from $ 39.00 to $ 44.00 and gave the company a “buy” rating in a research report on Thursday, November 11. Finally, the Royal Bank of Canada raised its target price on American Equity Investment Life shares from $ 38.00 to $ 41.00 and gave the company an “outperformance” rating in a research note on Thursday. November 11th.

Separately, CEO Anant Bhalla sold 10,214 shares of the company in a transaction that took place on Tuesday, November 30. The shares were sold at an average price of $ 29.64, for a total trade of $ 302,742.96. The transaction has been disclosed in a legal file with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.90% of the company’s shares.

(A d)

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Hedge funds and other institutional investors recently bought and sold shares in the company. Public Employees Retirement System of Ohio increased its position in American Equity Investment Life shares by 1.8% in the second quarter. The Ohio Public Employee Retirement System now owns 18,064 shares of the financial services provider valued at $ 584,000 after purchasing an additional 322 shares during the period. Fieldpoint Private Securities LLC increased its position in American Equity Investment Life shares by 92.1% in the second quarter. Fieldpoint Private Securities LLC now owns 855 shares of the financial services provider valued at $ 29,000 after purchasing an additional 410 shares during the period. Profund Advisors LLC increased its position in American Equity Investment Life shares by 4.2% in the second quarter. Profund Advisors LLC now owns 11,694 shares of the financial services provider valued at $ 378,000 after purchasing an additional 473 shares during the period. CWM Advisors LLC increased its position in American Equity Investment Life shares by 3.1% in the second quarter. CWM Advisors LLC now owns 16,104 shares of the financial services provider valued at $ 520,000 after purchasing an additional 488 shares during the period. Finally, the Alaska State Department of Revenue increased its position in American Equity Investment Life shares by 1.1% in the third quarter. The Alaska State Department of Revenue now owns 60,060 shares of the financial services provider valued at $ 1,775,000 after purchasing an additional 628 shares during the period. Hedge funds and other institutional investors hold 90.64% of the company’s shares.

NYSE AEL opened at $ 38.92 on Monday. American Equity Investment Life has a 12 month low of $ 26.21 and a 12 month high of $ 39.88. The company has a debt to equity ratio of 0.09, a current ratio of 0.34, and a rapid ratio of 0.34. The company has a market cap of $ 3.60 billion, a price-to-earnings ratio of 10.84 and a beta of 1.19. The company’s fifty-day moving average price is $ 35.94 and its two hundred-day moving average price is $ 33.02.

American Equity Investment Life (NYSE: AEL) last released its quarterly results on Monday, November 8. The financial services provider reported earnings per share (EPS) of $ 1.46 for the quarter, beating Zacks’ consensus estimate of $ 0.76 by $ 0.70. American Equity Investment Life had a net margin of 10.79% and a return on equity of 5.87%. The company posted revenue of $ 542.56 million for the quarter, compared to a consensus estimate of $ 578.71 million. During the same period last year, the company posted $ 0.99 in EPS. The company’s revenue for the quarter was down 32.1% year-on-year. As a group, analysts predict that American Equity Investment Life will post 3.87 EPS for the current year.

The company also recently declared an annual dividend, which was paid on Monday, December 13. Investors of record on Monday, November 29, received a dividend of $ 0.34 per share. This is a boost from American Equity Investment Life’s previous annual dividend of $ 0.18. This represents a dividend yield of 0.97%. The ex-dividend date of this dividend was Friday, November 26. American Equity Investment Life’s dividend payout ratio (DPR) is currently 9.47%.

American Equity Investment Life Company Profile

American Equity Investment Life Holding Co is engaged in the development and sale of fixed index and fixed rate annuity products. It focuses on the following portfolios: commercial mortgages, agricultural mortgages and residential mortgages. The company was founded by David J. Noble on December 15, 1995 and is headquartered in West Des Moines, IA.

Feature Article: Equity Income

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

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