Are Analysts Bullish American Equity Investment Life Holding (NYSE:AEL) After Last Week?

Out of 7 analysts covering American Equity Investment Life (NYSE:AEL), 6 rate it “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. American Equity Investment Life was the topic in 9 analyst reports since August 10, 2015 according to StockzIntelligence Inc. Below is a list of American Equity Investment Life Holding (NYSE:AEL) latest ratings and price target changes.

19/02/2016 Broker: Citigroup Rating: Old Target: $26.00 New Target: $21.00 Target Down
11/02/2016 Broker: RBC Capital Markets Rating: Outperform Old Target: $24.00 New Target: $23.00 Maintain
29/01/2016 Broker: RBC Capital Markets Rating: Outperform New Target: $24.00 Initiate
08/01/2016 Broker: JP Morgan Rating: Neutral Initiate
07/12/2015 Broker: FBR Capital Rating: Outperform Old Target: $30 New Target: $32 Maintain
14/10/2015 Broker: Citigroup Rating: Buy New Target: $29 Initiate

The stock increased 0.54% or $0.09 on April 1, hitting $16.89. American Equity Investment Life Holding (NYSE:AEL) has declined 29.98% since August 26, 2015 and is downtrending. It has underperformed by 36.79% the S&P500.

American Equity Investment Life Holding Company is engaged in the development and sale of fixed index and fixed rate annuity products. The company has a market cap of $1.39 billion. The Firm issues fixed annuity and life insurance products through its wholly owned life insurance subsidiaries, American Equity Investment Life Insurance Company , American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company (Eagle Life). It has 6.22 P/E ratio. The Company’s business consists primarily of the sale of fixed index and fixed rate annuities.

The institutional sentiment increased to 1.88 in Q3 2015. Its up 0.12, from 1.76 in 2015Q2. The ratio increased, as 23 funds sold all American Equity Investment Life Holding shares owned while 50 reduced positions. 37 funds bought stakes while 100 increased positions. They now own 93.74 million shares or 27.44% more from 73.55 million shares in 2015Q2.

Dean Capital Management holds 2.53% of its portfolio in American Equity Investment Life Holding for 77,889 shares. Keeley Asset Management Corp owns 2.22 million shares or 1.47% of their US portfolio. Moreover, Mendon Capital Advisors Corp has 1.29% invested in the company for 199,000 shares. The Ohio-based Dean Investment Associates Llc has invested 1.05% in the stock. Aristotle Capital Boston Llc, a Massachusetts-based fund reported 181,133 shares.

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