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

American Equity Investment Life Holding (NYSE:AEL) – Stock analysts at B. Riley upped their FY2018 earnings estimates for shares of American Equity Investment Life in a note issued to investors on Monday, October 8th. B. Riley analyst R. Binner now anticipates that the financial services provider will post earnings of $3.55 per share for the year, up from their prior forecast of $3.50. B. Riley also issued estimates for American Equity Investment Life’s FY2019 earnings at $3.65 EPS.

Other research analysts have also recently issued reports about the stock. Sandler O’Neill reaffirmed a “buy” rating and issued a $41.00 target price on shares of American Equity Investment Life in a report on Friday, July 13th. ValuEngine cut shares of American Equity Investment Life from a “buy” rating to a “hold” rating in a research note on Monday, July 16th. Zacks Investment Research cut shares of American Equity Investment Life from a “buy” rating to a “hold” rating in a research note on Tuesday, June 19th. Finally, Royal Bank of Canada set a $38.00 price objective on shares of American Equity Investment Life and gave the stock a “buy” rating in a research note on Wednesday, August 8th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $35.14.

Shares of American Equity Investment Life stock opened at $36.13 on Tuesday. American Equity Investment Life has a 12-month low of $27.06 and a 12-month high of $38.56. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.12 and a quick ratio of 0.12. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 11.43 and a beta of 2.54.

American Equity Investment Life (NYSE:AEL) last issued its earnings results on Monday, August 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.10. American Equity Investment Life had a net margin of 11.14% and a return on equity of 12.32%. The company had revenue of $685.50 million during the quarter, compared to analysts’ expectations of $589.40 million. During the same period last year, the company posted $0.71 earnings per share. The firm’s quarterly revenue was down 16.3% compared to the same quarter last year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. boosted its position in American Equity Investment Life by 56.1% during the first quarter. Principal Financial Group Inc. now owns 1,158,624 shares of the financial services provider’s stock worth $34,018,000 after acquiring an additional 416,514 shares during the last quarter. Swiss National Bank boosted its holdings in shares of American Equity Investment Life by 1.9% in the 2nd quarter. Swiss National Bank now owns 150,000 shares of the financial services provider’s stock valued at $5,400,000 after purchasing an additional 2,800 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of American Equity Investment Life by 4.9% in the 2nd quarter. Legal & General Group Plc now owns 226,069 shares of the financial services provider’s stock valued at $8,115,000 after purchasing an additional 10,618 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of American Equity Investment Life in the 2nd quarter valued at $10,379,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of American Equity Investment Life by 16.3% in the 1st quarter. Russell Investments Group Ltd. now owns 607,000 shares of the financial services provider’s stock valued at $17,821,000 after purchasing an additional 84,982 shares during the last quarter. 94.69% of the stock is owned by institutional investors and hedge funds.

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. The company markets its products through various distribution channels, 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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