American Equity Investment Life Holding (AEL) was Reiterated by FBR Capital to “Outperform” while Lowering the Price Target of the company shares to $ 20 from a previous price target of $23 . FBR Capital advised their investors in a research report released on Apr 11, 2016.
Many Wall Street Analysts have commented on American Equity Investment Life Holding. American Equity Investment Life Holding was Downgraded by Sandler O’Neill to ” Hold” on Apr 7, 2016. Shares were Reiterated by RBC Capital Mkts on Feb 11, 2016 to “Outperform” and Lowered the Price Target to $ 23 from a previous price target of $24 .RBC Capital Mkts Initiated American Equity Investment Life Holding on Jan 29, 2016 to “Outperform”, Price Target of the shares are set at $24.
On the company’s financial health, American Equity Investment Life Holding reported $0.60 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Feb 10, 2016. Analyst had a consensus of $0.63.Analysts expectations of $ 535.26.During the same quarter in the previous year, the company posted $0.63 EPS.
American Equity Investment Life Holding opened for trading at $13.06 and hit $14.05 on the upside on Monday, eventually ending the session at $13.69, with a gain of 5.23% or 0.68 points. The heightened volatility saw the trading volume jump to 20,67,264 shares. Company has a market cap of $1,121 M.
In a different news, on Apr 8, 2016, Renee Denise Montz (Exec VP-Gen Counsel & Asst Sec) purchased 885 shares at $13.45 per share price. According to the SEC, on Apr 8, 2016, Scott A. Samuelson (Vice President-Controller) purchased 3,000 shares at $13.45 per share price. On Mar 15, 2016, James M Gerlach (director) sold 135,000 shares at $15.32 per share price, according to the Form-4 filing with the securities and exchange commission.
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 wholly owned life insurance subsidiaries American Equity Investment Life Insurance Company (American Equity Life) American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company (Eagle Life). The Companys business consists primarily of the sale of fixed index and fixed rate annuities. The Companys products include Fixed Index Annuities Fixed Rate Annuities Withdrawal Options-Fixed Index and Fixed Rate Annuities and Life Insurance.