Market Overview

UPDATE: Jefferies & Company Reiterates Buy Rating, Lowers PT on American Equity Investment Life Holdings

Related AEL
Top 4 Mid-Cap Stocks In The Life Insurance Industry With The Lowest PEG Ratio
Diving Deep Into The Life Insurance Sector In 6 Charts

In a report published Wednesday, Jefferies & Company reiterated its Buy rating on American Equity Investment Life Holdings (NYSE: AEL), but slightly lowered its price target from $13.50 to $13.00.

Jefferies noted, “AEL reported $0.34 of operating income per diluted share, below both the Street and JEFe. The majority of the miss to our estimate was due to unanticipated legal reserves and higher than expected DAC unlocking. Spread compression remains the primary headwind for the company.”

American Equity Investment Life Holding closed on Tuesday at $11.27.

Latest Ratings for AEL

Nov 2014FBR CapitalDowngradesOutperformMarket Perform
Feb 2014Sandler O'NeillUpgradesHoldBuy
Jan 2014FBR CapitalDowngradesOutperformMarket Perform

View More Analyst Ratings for AEL
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings


Related Articles (AEL)

Get Benzinga's Newsletters