American Equity Investment Life Holding Company (NYSE:AEL)’s share price was down 0.9% during trading on Friday . The company traded as low as $25.71 and last traded at $25.97. Approximately 155,364 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 540,397 shares. The stock had previously closed at $25.75.

A number of equities analysts have recently commented on AEL shares. Royal Bank Of Canada reissued a “buy” rating and issued a $28.00 price target on shares of American Equity Investment Life Holding in a research report on Monday, May 22nd. TheStreet lowered shares of American Equity Investment Life Holding from a “b-” rating to a “c+” rating in a research report on Monday, May 15th. BidaskClub raised shares of American Equity Investment Life Holding from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. FBR & Co lowered shares of American Equity Investment Life Holding from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $30.00 to $26.00 in a research report on Wednesday, June 7th. Finally, Zacks Investment Research lowered shares of American Equity Investment Life Holding from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. American Equity Investment Life Holding has a consensus rating of “Buy” and a consensus price target of $25.25.

The company’s 50-day moving average price is $27.60 and its 200-day moving average price is $25.67. The stock has a market cap of $2.32 billion, a P/E ratio of 12.00 and a beta of 2.50.

American Equity Investment Life Holding (NYSE:AEL) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $819.10 million for the quarter, compared to analyst estimates of $531.83 million. During the same period in the previous year, the company posted $0.60 EPS. The firm’s revenue for the quarter was up 49.0% compared to the same quarter last year. On average, equities research analysts forecast that American Equity Investment Life Holding Company will post $2.64 EPS for the current year.

Large investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of American Equity Investment Life Holding by 11.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,948 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 414 shares during the period. Elkfork Partners LLC raised its stake in shares of American Equity Investment Life Holding by 11.0% during the 1st quarter. Elkfork Partners LLC now owns 4,508 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 448 shares during the period. Riverhead Capital Management LLC raised its stake in shares of American Equity Investment Life Holding by 79.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,026 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 2,226 shares during the period. Meeder Asset Management Inc. raised its stake in shares of American Equity Investment Life Holding by 90.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 5,115 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 2,427 shares during the period. Finally, Meadow Creek Investment Management LLC raised its stake in shares of American Equity Investment Life Holding by 11.0% during the 1st quarter. Meadow Creek Investment Management LLC now owns 5,474 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 544 shares during the period. Institutional investors own 93.37% 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.

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