American Equity Investment Life Holding to Post FY2019 Earnings of $3.75 Per Share, B. Riley Forecasts (AEL)

American Equity Investment Life Holding (NYSE:AEL) – B. Riley upped their FY2019 EPS estimates for shares of American Equity Investment Life in a research note issued to investors on Monday, November 12th. B. Riley analyst R. Binner now expects that the financial services provider will post earnings per share of $3.75 for the year, up from their previous estimate of $3.65.

Separately, 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. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $36.17.

Shares of NYSE AEL opened at $34.63 on Wednesday. The company has a market cap of $3.08 billion, a PE ratio of 10.96 and a beta of 2.51. 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 quick ratio of 0.11 and a current ratio of 0.11.

American Equity Investment Life (NYSE:AEL) last issued its quarterly earnings results on Monday, November 5th. The financial services provider reported $1.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.99. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $600.27 million. American Equity Investment Life had a net margin of 13.62% and a return on equity of 12.77%. American Equity Investment Life’s quarterly revenue was up 31.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 EPS.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of American Equity Investment Life during the 3rd quarter valued at approximately $960,000. Invictus RG purchased a new position in shares of American Equity Investment Life during the 3rd quarter valued at approximately $254,000. Riverhead Capital Management LLC lifted its position in shares of American Equity Investment Life by 29.2% during the 3rd quarter. Riverhead Capital Management LLC now owns 9,723 shares of the financial services provider’s stock valued at $344,000 after buying an additional 2,200 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in shares of American Equity Investment Life by 3.6% during the 3rd quarter. Mutual of America Capital Management LLC now owns 226,865 shares of the financial services provider’s stock valued at $8,022,000 after buying an additional 7,914 shares in the last quarter. Finally, Kepos Capital LP purchased a new position in shares of American Equity Investment Life during the 3rd quarter valued at approximately $423,000. 93.66% of the stock is currently owned by institutional investors and hedge funds.

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. 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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