American Equity Investment Life Holding (AEL) was Reiterated by FBR & Co. to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 25 from a previous price target of $23 . FBR & Co. advised their investors in a research report released on Nov 28, 2016.
Many Wall Street Analysts have commented on American Equity Investment Life Holding. Company shares were Reiterated by FBR & Co. on Nov 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 25 from a previous price target of $23 .American Equity Investment Life Holding was Upgraded by Sandler O’Neill to ” Buy” on Nov 4, 2016. American Equity Investment Life Holding was Initiated by Credit Suisse to “Neutral” on Oct 7, 2016.
On the company’s financial health, American Equity Investment Life Holding reported $-0.05 EPS for the quarter, missing the analyst consensus estimate by $ -0.63 based on the information available during the earnings call on Nov 2, 2016. Analyst had a consensus of $0.58. The company had revenue of $630.06 million for the quarter, compared to analysts expectations of $534.26 million. The company’s revenue was up 396.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.
American Equity Investment Life Holding closed down -0.41 points or -1.90% at $21.18 with 4,31,812 shares getting traded on Friday. Post opening the session at $21.65, the shares hit an intraday low of $21.135 and an intraday high of $21.74 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Nov 15, 2016, Debra J Richardson (director) sold 1,000 shares at $21.55 per share price. According to the SEC, on Nov 14, 2016, Alexander Meeker Clark (director) sold 3,000 shares at $20.68 per share price. On Sep 27, 2016, Harley A Whitfield (director) sold 3,000 shares at $18.00 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.