American Equity Investment Life Holding Company (NYSE:AEL) – Stock analysts at B. Riley increased their FY2017 earnings per share (EPS) estimates for shares of American Equity Investment Life in a research note issued to investors on Wednesday. B. Riley analyst R. Binner now forecasts that the financial services provider will post earnings per share of $3.01 for the year, up from their previous estimate of $3.00. B. Riley currently has a “Neutral” rating and a $30.00 target price on the stock. B. Riley also issued estimates for American Equity Investment Life’s Q4 2017 earnings at $0.68 EPS, Q1 2018 earnings at $0.69 EPS, Q2 2018 earnings at $0.70 EPS, Q3 2018 earnings at $0.71 EPS, Q4 2018 earnings at $0.70 EPS, FY2018 earnings at $2.80 EPS, Q1 2019 earnings at $0.72 EPS, Q2 2019 earnings at $0.73 EPS, Q3 2019 earnings at $0.73 EPS and FY2019 earnings at $2.90 EPS.

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

AEL has been the topic of several other reports. Royal Bank Of Canada boosted their price target on American Equity Investment Life from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. ValuEngine upgraded American Equity Investment Life from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 22nd. BidaskClub lowered American Equity Investment Life from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 22nd. Goldman Sachs Group started coverage on American Equity Investment Life in a research note on Wednesday, October 18th. They set a “neutral” rating and a $29.00 price target on the stock. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $28.00 price target on shares of American Equity Investment Life in a research note on Wednesday, August 16th. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. American Equity Investment Life currently has a consensus rating of “Buy” and a consensus target price of $28.50.

American Equity Investment Life (NYSE:AEL) opened at $32.14 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.12 and a quick ratio of 0.12. The company has a market capitalization of $2,860.00, a PE ratio of 10.66 and a beta of 2.54. American Equity Investment Life has a 12 month low of $21.52 and a 12 month high of $32.50.

The company also recently declared an annual dividend, which will be paid on Tuesday, December 12th. Investors of record on Wednesday, November 29th will be paid 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 is Tuesday, November 28th. American Equity Investment Life’s payout ratio is currently 9.12%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Algert Global LLC acquired a new stake in American Equity Investment Life during the third quarter valued at approximately $315,000. Pacific Grove Capital LP boosted its holdings in American Equity Investment Life by 363.5% during the third quarter. Pacific Grove Capital LP now owns 86,902 shares of the financial services provider’s stock valued at $2,527,000 after purchasing an additional 68,152 shares in the last quarter. Earnest Partners LLC boosted its holdings in American Equity Investment Life by 1.8% during the third quarter. Earnest Partners LLC now owns 2,711,974 shares of the financial services provider’s stock valued at $78,864,000 after purchasing an additional 47,642 shares in the last quarter. Jane Street Group LLC acquired a new stake in American Equity Investment Life during the third quarter valued at approximately $243,000. Finally, Cornerstone Capital Management Holdings LLC. boosted its holdings in American Equity Investment Life by 264.6% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 36,100 shares of the financial services provider’s stock valued at $1,049,000 after purchasing an additional 26,200 shares in the last quarter. 93.13% of the stock is currently owned by institutional investors.

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About American Equity Investment Life

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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