FBR Capital Reiterates a Buy Rating on American Equity Investment Life

By Austin Angelo

In a report released today, Randy Binner from FBR Capital reiterated a Buy rating on American Equity Investment Life (NYSE: AEL), with a price target of $25. The company’s shares closed last Friday at $21.18.

According to TipRanks.com, Binner is a top 100 analyst with an average return of 15.2% and a 79.0% success rate. Binner covers the Financial sector, focusing on stocks such as American International Group, National General Holdings, and Lincoln National Corp.

American Equity Investment Life has an analyst consensus of Strong Buy, with a price target consensus of $22.50.

Based on American Equity Investment Life’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $529 million and GAAP net loss of $7.42 million. In comparison, last year the company earned revenue of $484 million and had a net profit of $97.31 million.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Debra J. Richardson, the Executive VP & Secretary of AEL sold 1,000 shares for a total of $21,550.

American Equity Investment Life Holding Co. engages in the provision of insurance and annuity. It involves in the sale of fixed index and fixed rate annuities as well as life, and health insurance. The company was founded by David J. Noble on December 15, 1995 and is headquartered in West Des Moines, IA.