American Equity Investment Life (NYSE:AEL) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday, ValuEngine reports.

Other analysts have also issued research reports about the stock. TheStreet upgraded shares of American Equity Investment Life from a “c+” rating to a “b-” rating in a research note on Monday. Zacks Investment Research upgraded shares of American Equity Investment Life from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Monday, May 6th. Sandler O’Neill lowered shares of American Equity Investment Life from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, UBS Group increased their price objective on shares of American Equity Investment Life from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $35.75.

Shares of American Equity Investment Life stock opened at $29.89 on Thursday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.25. American Equity Investment Life has a 12-month low of $25.27 and a 12-month high of $38.56. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 6.41 and a beta of 2.28.

American Equity Investment Life (NYSE:AEL) last issued its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.05. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $625.65 million. American Equity Investment Life had a net margin of 13.62% and a return on equity of 13.92%. American Equity Investment Life’s revenue for the quarter was up 741.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.85 EPS. Research analysts forecast that American Equity Investment Life will post 3.91 EPS for the current year.

Several large investors have recently added to or reduced their stakes in AEL. Oregon Public Employees Retirement Fund acquired a new stake in shares of American Equity Investment Life in the fourth quarter worth $34,000. Royce & Associates LP acquired a new stake in shares of American Equity Investment Life in the fourth quarter worth $49,000. Quadrant Capital Group LLC increased its stake in shares of American Equity Investment Life by 547.5% in the first quarter. Quadrant Capital Group LLC now owns 2,331 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 1,971 shares during the period. Global Retirement Partners LLC increased its stake in shares of American Equity Investment Life by 45.5% in the first quarter. Global Retirement Partners LLC now owns 2,496 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 780 shares during the period. Finally, Meeder Asset Management Inc. increased its stake in shares of American Equity Investment Life by 149.7% in the fourth quarter. Meeder Asset Management Inc. now owns 2,629 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 1,576 shares during the period. Hedge funds and other institutional investors own 94.14% of the company’s stock.

About American Equity Investment Life

American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products and services in the United States. The company issues fixed index and rate annuities; and single premium immediate annuities, as well as life insurance products. It markets its products through independent agents, including national marketing organizations, broker/dealers, banks, and registered investment advisors.

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