American Equity Investment Life Holding (NYSE:AEL) had its price objective hosited by FBR Capital Markets from $18.00 to $21.00 in a report released on Thursday, Analyst Ratings Network.com reports. FBR Capital Markets currently has an outperform rating on the stock.
FBR Capital Markets has also updated their ratings on a number of other financials stocks in the last week. The firm raised its price target on shares of Navigators Group Inc. from $53.00 to $58.00. They have a market perform rating on that stock. Also, FBR Capital Markets raised its price target on shares of AMERISAFE Inc. from $32.00 to $38.00. They have a market perform rating on that stock.
Shares of American Equity Investment Life Holding (NYSE: AEL) traded up 1.24% during mid-day trading on Thursday, hitting $17.939. American Equity Investment Life Holding has a 52 week low of $10.56 and a 52 week high of $17.77. The stock’s 50-day moving average is currently $16.33. The company has a market cap of $1.122 billion and a P/E ratio of 15.96.
A number of other analysts have also recently weighed in on AEL. Analysts at Zacks upgraded shares of American Equity Investment Life Holding from a neutral rating to an outperform rating in a research note to investors on Tuesday, July 16th. They now have a $18.50 price target on the stock. Separately, analysts at Raymond James raised their price target on shares of American Equity Investment Life Holding from $19.50 to $21.00 in a research note to investors on Monday, July 15th. Finally, analysts at Sandler O’Neill raised their price target on shares of American Equity Investment Life Holding from $17.00 to $18.50 in a research note to investors on Friday, July 12th.
One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. American Equity Investment Life Holding presently has a consensus rating of Buy and a consensus price target of $19.30.
American Equity Investment Life Holding Company is engaged in the development and sale of fixed index and fixed rate annuity products.