American Equity Investment Life upgraded by Raymond James with a new price target
$AEL
Life Insurance
Finance
Raymond James upgraded American Equity Investment Life from Outperform to Strong Buy and set a new price target of $48.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/14/2023 | $55.00 | Buy → Hold | Truist |
| 6/28/2023 | Strong Buy → Mkt Perform | Raymond James | |
| 2/21/2023 | $45.00 → $48.00 | Overweight → Neutral | Piper Sandler |
| 12/19/2022 | $48.00 | Outperform → Strong Buy | Raymond James |
| 8/15/2022 | $42.00 → $44.00 | Outperform → In-line | Evercore ISI |
| 7/22/2022 | $43.00 → $38.00 | Outperform → Neutral | Credit Suisse |
| 7/13/2022 | $43.00 → $41.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 6/28/2022 | $43.00 | Outperform | Credit Suisse |
Strengthens Team with Senior Hires and Announces Formation of Independent Board JAB Insurance today announced that Jin Chang will join the firm in July as a Partner, bringing more than 30 years of insurance experience, most recently as Senior Vice President of Finance at Athene, Apollo Global Management's U.S. Insurance and Retirement Business. In addition, the firm announced that it has further strengthened its team by adding three new executives and appointing four independent directors with decades of insurance experience to its newly formed Board. Anant Bhalla, Senior Partner and Chief investment Officer of JAB, said, "I have known Jin for more than 20 years, and over that time we h
AM Best has removed from under review with developing implications and downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to "a" (Excellent) from "a+" (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of American National Insurance Company (ANICO) and its affiliates, American National Life Insurance Company of Texas and American National Life Insurance Company of New York (Glenmont, NY). These companies are referred to collectively as the American National Group (ANG). In addition, AM Best has removed from under review with developing implications and downgraded the Long-Term ICR to "a" (Excellent) from "a+" (Excellent) and affirmed the FSR of A (Exc
AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of North End Re (Cayman) SPC (Cayman Islands) (NERC). Following the recent closure of Brookfield Reinsurance Ltd.'s (NYSE:BNRE, BNRE.A])) acquisition of American Equity Investment Life Holding Company (AEL) (NYSE:AEL), the strategy for subsidiary NERC is under review by AM Best. In 2021, prior to the acquisition, NERC entered into a reinsurance agreement with AEL affiliate American Equity Investment Life Insurance Company, whereby NERC agreed to assume up to $10 billion of fixed deferred annuities. NERC has managed the assu
4 - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Issuer)
4 - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Issuer)