加拿大皇家银行将美国股权投资人寿的目标价从41美元上调至47美元，原因是布鲁克菲尔德资产管理公司再保险股份增加；表现强于大盘

09:01 AM EST, 01/12/2022 (MT Newswires) -- American Equity Investment Life Holding (AEL) received a boost to its price target from RBC Capital Markets on Wednesday, a week after Brookfield Asset Management Reinsurance Partners (BAMR) disclosed the purchase of an additional nearly 6.8 million shares of the provider of life insurance products.

RBC's new price target on American Equity Investment Life's stock is $47 per share, up from $41. This moves the target above the stock's Tuesday closing price of $43.04 as RBC kept its investment rating on the shares at outperform.

The boost was made "in view of the company's recently closed equity placement with Brookfield Reinsurance," RBC analyst Mark Dwelle said in a Wednesday note to clients.

The purchase brought Brookfield Asset Management Reinsurance Partners' combined stake in American Equity Investment Life to 16%.

Following the placement, RBC said its price target on American Equity Investment Life's stock is based on a valuation multiple of 1.0 times its estimated ending 2022 book value, up from 0.9 times.

"The slight increase in multiple reflects the incremental share buybacks we now expect will be unlocked by the placement as well as improved visibility to an improving interest rate environment," the firm added.

American Equity Investment Life has an average investment rating of outperform among analysts polled by Capital IQ, with price targets ranging from $38 to $47.

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