American Equity Investment Life Receives a Buy from RBC Capital

By Carrie Williams

In a report released today, Mark Dwelle from RBC Capital reiterated a Buy rating on American Equity Investment Life (NYSE: AEL), with a price target of $28. The company’s shares closed last Friday at $24.58.

According to, Dwelle is a top 100 analyst with an average return of 12.8% and a 82.1% success rate. Dwelle covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and Renaissancere Holdings Ltd.

American Equity Investment Life has an analyst consensus of Moderate Buy, with a price target consensus of $28.

The company has a one year high of $28 and a one year low of $13.07. Currently, American Equity Investment Life has an average volume of 529.1K.

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AEL in relation to earlier this year. Most recently, in February 2017, David Noble, the EC of AEL sold 100,000 shares for a total of $2,753,000.

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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.