Brokerages Expect American Equity Investment Life Holding (AEL) to Post $0.58 Earnings Per Share

Brokerages predict that American Equity Investment Life Holding (NYSE:AEL) will post earnings of $0.58 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for American Equity Investment Life Holding’s earnings. The highest EPS estimate is $0.60 and the lowest is $0.57. American Equity Investment Life Holding posted earnings of $0.25 per share in the same quarter last year, which suggests a positive year over year growth rate of 132%. The business is scheduled to report its next quarterly earnings results after the market closes on Wednesday, May 3rd.

On average, analysts expect that American Equity Investment Life Holding will report full year earnings of $2.38 per share for the current fiscal year, with EPS estimates ranging from $2.30 to $2.43. For the next financial year, analysts expect that the firm will post earnings of $2.50 per share, with EPS estimates ranging from $2.50 to $2.51. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for American Equity Investment Life Holding.

American Equity Investment Life Holding (NYSE:AEL) last announced its quarterly earnings results on Wednesday, February 8th. The financial services provider reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. American Equity Investment Life Holding had a return on equity of 4.79% and a net margin of 3.75%. The business earned $622.82 million during the quarter, compared to analysts’ expectations of $478.45 million. During the same quarter last year, the business posted $0.60 earnings per share. The business’s revenue for the quarter was up 14.9% on a year-over-year basis.



Several research firms recently weighed in on AEL. Royal Bank of Canada reissued a “buy” rating and set a $24.00 price target on shares of American Equity Investment Life Holding in a research report on Monday, January 9th. Zacks Investment Research raised American Equity Investment Life Holding from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 10th. TheStreet raised American Equity Investment Life Holding from a “c” rating to a “b-” rating in a research report on Thursday, February 9th. Citigroup Inc began coverage on American Equity Investment Life Holding in a research report on Thursday, January 26th. They set a “neutral” rating and a $25.00 price target on the stock. Finally, FBR & Co upped their price target on American Equity Investment Life Holding from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, February 13th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $23.86.

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Shares of American Equity Investment Life Holding (NYSE:AEL) traded down 1.21% on Tuesday, hitting $23.67. The stock had a trading volume of 681,805 shares. The firm has a market cap of $2.09 billion, a P/E ratio of 24.40 and a beta of 2.36. The company’s 50-day moving average price is $24.43 and its 200 day moving average price is $22.48. American Equity Investment Life Holding has a 12-month low of $13.03 and a 12-month high of $28.00.

In other American Equity Investment Life Holding news, Director David J. Noble sold 100,000 shares of the business’s stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $27.53, for a total value of $2,753,000.00. Following the transaction, the director now owns 1,538,765 shares in the company, valued at $42,362,200.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.43% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue increased its stake in American Equity Investment Life Holding by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 9,790 shares of the financial services provider’s stock valued at $231,000 after buying an additional 270 shares during the period. Louisiana State Employees Retirement System increased its stake in American Equity Investment Life Holding by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 36,000 shares of the financial services provider’s stock valued at $851,000 after buying an additional 600 shares during the period. Bank of Montreal Can increased its stake in American Equity Investment Life Holding by 1,380.4% in the first quarter. Bank of Montreal Can now owns 150,852 shares of the financial services provider’s stock valued at $3,564,000 after buying an additional 140,662 shares during the period. Macquarie Group Ltd. increased its stake in American Equity Investment Life Holding by 1.4% in the fourth quarter. Macquarie Group Ltd. now owns 3,424,278 shares of the financial services provider’s stock valued at $77,183,000 after buying an additional 46,561 shares during the period. Finally, Norges Bank bought a new stake in American Equity Investment Life Holding during the fourth quarter valued at about $19,190,000. Institutional investors own 90.77% of the company’s stock.

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.

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