TheStreet upgraded shares of American Equity Investment Life (NYSE:AEL) from a c+ rating to a b- rating in a research note released on Monday, TheStreetRatingsTable reports.

AEL has been the subject of several other research reports. Zacks Investment Research raised shares of American Equity Investment Life from a sell rating to a hold rating in a report on Tuesday, April 16th. Sandler O’Neill lowered shares of American Equity Investment Life from a buy rating to a hold rating in a report on Tuesday, April 30th. Finally, ValuEngine lowered shares of American Equity Investment Life from a hold rating to a sell rating in a report on Monday, March 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. American Equity Investment Life presently has a consensus rating of Hold and a consensus target price of $35.75.

Shares of NYSE AEL opened at $28.65 on Monday. The firm has a market capitalization of $2.77 billion, a P/E ratio of 6.15 and a beta of 2.28. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.25. American Equity Investment Life has a one year low of $25.27 and a one year high of $38.56.

American Equity Investment Life (NYSE:AEL) last issued its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.97 EPS for the quarter, topping the consensus estimate of $0.92 by $0.05. The company had revenue of $1 billion during 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%. The firm’s revenue was up 741.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 EPS. Equities research analysts expect that American Equity Investment Life will post 3.91 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in shares of American Equity Investment Life by 14.3% during the fourth quarter. Bank of America Corp DE now owns 1,408,123 shares of the financial services provider’s stock worth $39,342,000 after buying an additional 176,159 shares in the last quarter. California State Teachers Retirement System grew its holdings in shares of American Equity Investment Life by 2.4% during the fourth quarter. California State Teachers Retirement System now owns 140,333 shares of the financial services provider’s stock worth $3,921,000 after buying an additional 3,260 shares in the last quarter. Convergence Investment Partners LLC purchased a new stake in shares of American Equity Investment Life during the fourth quarter worth $429,000. Two Sigma Advisers LP grew its holdings in shares of American Equity Investment Life by 28.3% during the fourth quarter. Two Sigma Advisers LP now owns 51,200 shares of the financial services provider’s stock worth $1,431,000 after buying an additional 11,299 shares in the last quarter. Finally, GWM Advisors LLC purchased a new stake in shares of American Equity Investment Life during the fourth quarter worth $217,000. 93.20% of the stock is owned by institutional investors and hedge funds.

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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