FY2018 EPS Estimates for American Equity Investment Life Holding Boosted by Analyst (AEL)

American Equity Investment Life Holding (NYSE:AEL) – Equities research analysts at B. Riley upped their FY2018 earnings per share estimates for American Equity Investment Life in a note issued to investors on Thursday. B. Riley analyst R. Binner now forecasts that the financial services provider will earn $3.35 per share for the year, up from their previous estimate of $2.80. B. Riley has a “Neutral” rating and a $30.00 price target on the stock. B. Riley also issued estimates for American Equity Investment Life’s FY2019 earnings at $3.45 EPS.

American Equity Investment Life (NYSE:AEL) last announced its quarterly earnings data on Monday, November 6th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.33. American Equity Investment Life had a return on equity of 10.50% and a net margin of 7.90%. The firm had revenue of $906.00 million for the quarter, compared to analysts’ expectations of $615.75 million. During the same period last year, the firm earned ($0.05) earnings per share. The company’s revenue for the quarter was up 43.8% compared to the same quarter last year.

Other research analysts have also recently issued reports about the company. ValuEngine cut American Equity Investment Life from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 29th. Royal Bank of Canada reaffirmed a “buy” rating and set a $35.00 price objective on shares of American Equity Investment Life in a research note on Friday, December 8th. Finally, Goldman Sachs Group began coverage on shares of American Equity Investment Life in a report on Wednesday, October 18th. They set a “neutral” rating and a $29.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. American Equity Investment Life currently has an average rating of “Hold” and a consensus price target of $29.14.

Shares of American Equity Investment Life (AEL) traded up $0.30 during trading hours on Monday, hitting $31.87. The stock had a trading volume of 586,300 shares, compared to its average volume of 521,150. American Equity Investment Life has a 52-week low of $21.90 and a 52-week high of $32.54. The company has a market capitalization of $2,840.00, a PE ratio of 11.18 and a beta of 2.55. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.27.

The company also recently announced an annual dividend, which was paid on Tuesday, December 12th. Stockholders of record on Wednesday, November 29th were issued a dividend of $0.26 per share. This is a positive change from American Equity Investment Life’s previous annual dividend of $0.24. The ex-dividend date of this dividend was Tuesday, November 28th. American Equity Investment Life’s dividend payout ratio is currently 9.12%.

Institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. lifted its holdings in American Equity Investment Life by 17.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 723,509 shares of the financial services provider’s stock worth $19,014,000 after buying an additional 108,373 shares during the period. Neuberger Berman Group LLC purchased a new stake in American Equity Investment Life in the second quarter worth about $203,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in American Equity Investment Life by 11.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,948 shares of the financial services provider’s stock worth $104,000 after buying an additional 414 shares during the period. Principal Financial Group Inc. lifted its holdings in American Equity Investment Life by 0.8% in the second quarter. Principal Financial Group Inc. now owns 694,503 shares of the financial services provider’s stock worth $18,251,000 after buying an additional 5,690 shares during the period. Finally, LSV Asset Management lifted its holdings in American Equity Investment Life by 200.6% in the second quarter. LSV Asset Management now owns 159,300 shares of the financial services provider’s stock worth $4,186,000 after buying an additional 106,300 shares during the period. Institutional investors own 93.92% of the company’s stock.

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American Equity Investment Life 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 (NYSE:AEL)

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