Jefferies Boosts Price Target on American Equity Investment Life (AEL) After Q4

Jefferies boosted its price target on American Equity Investment Life Holding (NYSE: AEL) from $13.50 to $14.50 after in-line Q4 results.

The firm comments, "AEL reported operating EPS of $0.52, which was $0.01 below our estimate and beat the Street by $0.03. The company experienced a 5% increase in adjusted book value from $15.33 at 3Q11 to $16.09 at 4Q11."

The firm's FY12 EPS views go down from $2.21 to $2.15.

For an analyst ratings summary and ratings history on American Equity Investment Life Holding click here. For more ratings news on American Equity Investment Life Holding click here.

Shares of American Equity Investment Life Holding closed at $12.31 yesterday.

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