News headlines about American Equity Investment Life Holding (NYSE:AEL) have trended somewhat positive on Saturday, according to Accern. Accern scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. American Equity Investment Life Holding earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 46.5032044371476 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the news headlines that may have impacted Accern’s scoring:

Several equities analysts have recently issued reports on the company. BidaskClub raised American Equity Investment Life Holding from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 11th. Zacks Investment Research cut American Equity Investment Life Holding from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Royal Bank Of Canada reissued a “buy” rating and set a $28.00 target price on shares of American Equity Investment Life Holding in a research note on Monday, May 22nd. TheStreet cut American Equity Investment Life Holding from a “b-” rating to a “c+” rating in a research note on Monday, May 15th. Finally, FBR & Co cut American Equity Investment Life Holding from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $30.00 to $26.00 in a research note on Wednesday, June 7th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $25.00.

Shares of American Equity Investment Life Holding (NYSE:AEL) traded up 1.17% during midday trading on Friday, reaching $27.74. The company had a trading volume of 676,837 shares. The firm’s 50 day moving average price is $27.03 and its 200-day moving average price is $25.31. American Equity Investment Life Holding has a 1-year low of $15.39 and a 1-year high of $28.32. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 12.78 and a beta of 2.49.

American Equity Investment Life Holding (NYSE:AEL) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.12. American Equity Investment Life Holding had a return on equity of 6.84% and a net margin of 6.48%. The business had revenue of $819.10 million for the quarter, compared to the consensus estimate of $531.83 million. During the same period last year, the business posted $0.60 EPS. The business’s revenue was up 49.0% compared to the same quarter last year. Equities research analysts expect that American Equity Investment Life Holding will post $2.62 EPS for the current fiscal year.

In related news, Director Alan David Matula purchased 6,270 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were acquired at an average cost of $23.96 per share, for a total transaction of $150,229.20. Following the acquisition, the director now owns 13,220 shares of the company’s stock, valued at approximately $316,751.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 4.05% of the company’s stock.

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About American Equity Investment Life Holding

American Equity Investment Life Holding Company is engaged in the development and sale of fixed index and fixed rate annuity products. The Company 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.

Insider Buying and Selling by Quarter for American Equity Investment Life Holding (NYSE:AEL)

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