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

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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

Feb 2014Sandler O'NeillUpgradesHoldBuy
Jan 2014FBR CapitalDowngradesOutperformMarket Perform
Nov 2013JefferiesMaintainsBuy

View More Analyst Ratings for AEL
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Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings


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