American Equity Investment Life Holding (NYSE:AEL) – Investment analysts at B. Riley dropped their FY2020 earnings per share estimates for American Equity Investment Life in a research note issued to investors on Thursday, July 9th. B. Riley analyst R. Binner now anticipates that the financial services provider will earn $4.95 per share for the year, down from their previous forecast of $5.25. B. Riley has a “Neutral” rating and a $23.00 price objective on the stock.

AEL has been the subject of several other research reports. Royal Bank of Canada lowered shares of American Equity Investment Life from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $32.00 to $18.00 in a report on Friday, March 20th. Zacks Investment Research lowered shares of American Equity Investment Life from a “buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Piper Sandler lowered shares of American Equity Investment Life from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $27.00 to $25.00 in a research note on Thursday, July 2nd. SunTrust Banks lowered their price objective on shares of American Equity Investment Life from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Finally, Raymond James lowered their price objective on shares of American Equity Investment Life from $36.00 to $29.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $25.43.

American Equity Investment Life stock opened at $23.46 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.12 and a current ratio of 0.12. American Equity Investment Life has a 52-week low of $9.07 and a 52-week high of $34.16. The firm has a 50 day moving average price of $22.85 and a two-hundred day moving average price of $23.56. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 4.20 and a beta of 1.79.

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 (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.52. American Equity Investment Life had a net margin of 7.10% and a return on equity of 15.77%. The firm had revenue of $573.32 million during the quarter, compared to analyst estimates of $588.99 million. During the same quarter last year, the business earned $0.97 EPS.

Hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc increased its stake in American Equity Investment Life by 55.1% during the 1st quarter. Versant Capital Management Inc now owns 2,513 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 893 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in American Equity Investment Life during the 1st quarter valued at $58,000. Nisa Investment Advisors LLC increased its stake in American Equity Investment Life by 1,202.8% during the 1st quarter. Nisa Investment Advisors LLC now owns 6,905 shares of the financial services provider’s stock valued at $130,000 after purchasing an additional 6,375 shares in the last quarter. Wealth Quarterback LLC bought a new stake in American Equity Investment Life during the 4th quarter valued at $151,000. Finally, Point72 Hong Kong Ltd purchased a new position in American Equity Investment Life during the 4th quarter worth $164,000. Institutional investors and hedge funds own 94.88% of the company’s stock.

American Equity Investment Life Company Profile

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.

Read More: Why do analysts give a neutral rating?

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

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