American Equity Investment Life Holding (NYSE:AEL) – Equities research analysts at B. Riley issued their Q2 2020 earnings estimates for American Equity Investment Life in a research note issued on Thursday, July 9th. B. Riley analyst R. Binner forecasts that the financial services provider will post earnings per share of $1.11 for the quarter. B. Riley currently has a “Neutral” rating and a $23.00 price objective on the stock. B. Riley also issued estimates for American Equity Investment Life’s FY2021 earnings at $4.80 EPS.

American Equity Investment Life (NYSE:AEL) last released its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.52. The company had revenue of $573.32 million for the quarter, compared to analysts’ expectations of $588.99 million. American Equity Investment Life had a return on equity of 15.77% and a net margin of 7.10%. During the same period in the previous year, the business posted $0.97 earnings per share.

Several other analysts have also recently commented on the company. Royal Bank of Canada cut American Equity Investment Life from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $32.00 to $18.00 in a report on Friday, March 20th. ValuEngine cut American Equity Investment Life from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 25th. SunTrust Banks reduced their target price on American Equity Investment Life from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, May 8th. TheStreet cut American Equity Investment Life from a “b-” rating to a “c+” rating in a report on Friday, March 13th. Finally, Zacks Investment Research cut American Equity Investment Life from a “buy” rating to a “hold” rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $25.43.

NYSE:AEL opened at $23.32 on Friday. The stock has a market cap of $2.12 billion, a P/E ratio of 4.18 and a beta of 1.79. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.16. The stock’s 50-day moving average is $22.66 and its 200-day moving average is $23.66. American Equity Investment Life has a 1-year low of $9.07 and a 1-year high of $34.16.

Several institutional investors have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund boosted its holdings in shares of American Equity Investment Life by 1.7% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 36,789 shares of the financial services provider’s stock worth $692,000 after buying an additional 600 shares in the last quarter. Mutual of America Capital Management LLC raised its position in shares of American Equity Investment Life by 0.3% during the first quarter. Mutual of America Capital Management LLC now owns 258,187 shares of the financial services provider’s stock worth $4,854,000 after purchasing an additional 665 shares during the period. Mason Street Advisors LLC raised its position in shares of American Equity Investment Life by 2.7% during the fourth quarter. Mason Street Advisors LLC now owns 31,712 shares of the financial services provider’s stock worth $949,000 after purchasing an additional 820 shares during the period. Versant Capital Management Inc raised its position in shares of American Equity Investment Life by 55.1% during the first quarter. Versant Capital Management Inc now owns 2,513 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 893 shares during the period. Finally, FDx Advisors Inc. acquired a new position in shares of American Equity Investment Life during the first quarter worth approximately $215,000. Hedge funds and other institutional investors own 94.87% of the company’s stock.

About American Equity Investment Life

American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products and services in the United States. The company issues fixed index and rate annuities; and single premium immediate annuities, as well as life insurance products. It markets its products through independent agents, including national marketing organizations, broker/dealers, banks, and registered investment advisors.

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

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