Jefferies Reaffirms Their Hold Rating on American Equity Investment Life (AEL)

In a report issued on June 5, Suneet Kamath from Jefferies maintained a Hold rating on American Equity Investment Life (AELResearch Report), with a price target of $42.00. The company’s shares closed last Thursday at $35.13.

According to, Kamath is a 4-star analyst with an average return of 4.9% and a 55.2% success rate. Kamath covers the Financial sector, focusing on stocks such as Jackson Financial Incorporation, Brighthouse Financial, and Ameriprise Financial.

Currently, the analyst consensus on American Equity Investment Life is a Strong Buy with an average price target of $44.25.

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The company has a one-year high of $44.49 and a one-year low of $27.12. Currently, American Equity Investment Life has an average volume of 560.3K.

Based on the recent corporate insider activity of 33 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. Last month, Robert L. Howe, a Director at AEL bought 9,000 shares for a total of $94,680.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

American Equity Investment Life Holding Co. engages in the development and sale of annuity and life insurance products through its subsidiaries. It focuses on issuing fixed index and fixed rate annuities. The company was founded by David J. Noble on December 15, 1995 and is headquartered in West Des Moines, IA.

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