American Equity Investment Life Holding Company (NYSE:AEL) – Stock analysts at SunTrust Banks increased their Q3 2017 earnings per share estimates for shares of American Equity Investment Life Holding in a research note issued on Thursday. SunTrust Banks analyst M. Hughes now forecasts that the financial services provider will earn $0.62 per share for the quarter, up from their previous estimate of $0.59. SunTrust Banks also issued estimates for American Equity Investment Life Holding’s Q4 2017 earnings at $0.63 EPS, FY2017 earnings at $2.62 EPS, Q2 2018 earnings at $0.68 EPS, Q3 2018 earnings at $0.69 EPS, Q4 2018 earnings at $0.72 EPS and FY2018 earnings at $2.70 EPS.

American Equity Investment Life Holding (NYSE:AEL) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.12. The company had revenue of $819.10 million during the quarter, compared to the consensus estimate of $531.83 million. American Equity Investment Life Holding had a net margin of 6.48% and a return on equity of 6.84%. American Equity Investment Life Holding’s revenue for the quarter was up 49.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 earnings per share. ILLEGAL ACTIVITY NOTICE: “Q3 2017 Earnings Forecast for American Equity Investment Life Holding Company Issued By SunTrust Banks (AEL)” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/08/07/q3-2017-earnings-forecast-for-american-equity-investment-life-holding-company-issued-by-suntrust-banks-ael.html.

A number of other equities research analysts have also issued reports on AEL. BidaskClub lowered shares of American Equity Investment Life Holding from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. TheStreet upgraded shares of American Equity Investment Life Holding from a “c+” rating to a “b” rating in a report on Thursday. Royal Bank Of Canada increased their target price on shares of American Equity Investment Life Holding from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Friday. Zacks Investment Research lowered shares of American Equity Investment Life Holding from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Finally, FBR & Co lowered shares of American Equity Investment Life Holding from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $30.00 to $26.00 in a report on Wednesday, June 7th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $24.38.

American Equity Investment Life Holding (NYSE AEL) opened at 27.33 on Monday. The company has a 50-day moving average of $26.49 and a 200-day moving average of $25.11. The company has a market cap of $2.43 billion, a P/E ratio of 12.50 and a beta of 2.49. American Equity Investment Life Holding has a 52 week low of $15.21 and a 52 week high of $28.32.

Large investors have recently made changes to their positions in the stock. Elkfork Partners LLC raised its stake in shares of American Equity Investment Life Holding by 11.0% in the first quarter. Elkfork Partners LLC now owns 4,508 shares of the financial services provider’s stock worth $107,000 after buying an additional 448 shares during the last quarter. Meeder Asset Management Inc. raised its stake in shares of American Equity Investment Life Holding by 90.3% in the second quarter. Meeder Asset Management Inc. now owns 5,115 shares of the financial services provider’s stock worth $134,000 after buying an additional 2,427 shares during the last quarter. Meadow Creek Investment Management LLC raised its stake in shares of American Equity Investment Life Holding by 11.0% in the first quarter. Meadow Creek Investment Management LLC now owns 5,474 shares of the financial services provider’s stock worth $129,000 after buying an additional 544 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of American Equity Investment Life Holding during the first quarter worth $144,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of American Equity Investment Life Holding during the first quarter worth $175,000. Institutional investors and hedge funds own 93.25% of the company’s stock.

In other news, Director Alan David Matula acquired 6,270 shares of American Equity Investment Life Holding stock in a transaction dated Wednesday, May 17th. The shares were acquired at an average cost of $23.96 per share, for a total transaction of $150,229.20. Following the acquisition, the director now owns 13,220 shares of the company’s stock, valued at $316,751.20. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 4.05% of the stock is currently owned by company insiders.

American Equity Investment Life Holding Company Profile

American Equity Investment Life Holding Company is engaged in the development and sale of fixed index and fixed rate annuity products. The Company issues fixed annuity and life insurance products through its life insurance subsidiaries, American Equity Investment Life Insurance Company, American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company.

Earnings History and Estimates for American Equity Investment Life Holding (NYSE:AEL)

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