Analysts Issue Forecasts for American Equity Investment Life Holding’s FY2019 Earnings (NYSE:AEL)

American Equity Investment Life Holding (NYSE:AEL) – Research analysts at B. Riley lifted their FY2019 EPS estimates for shares of American Equity Investment Life in a research note issued on Wednesday, November 13th. B. Riley analyst R. Binner now expects that the financial services provider will post earnings of $5.60 per share for the year, up from their prior estimate of $4.00. B. Riley currently has a “Neutral” rating on the stock. B. Riley also issued estimates for American Equity Investment Life’s FY2020 earnings at $4.00 EPS.

American Equity Investment Life (NYSE:AEL) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $1.56. The business had revenue of $643.40 million for the quarter, compared to analyst estimates of $641.01 million. The company’s quarterly revenue was down 46.1% on a year-over-year basis. During the same period last year, the firm earned $1.87 earnings per share.

A number of other research analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of American Equity Investment Life from a “sell” rating to a “hold” rating and set a $33.00 price target on the stock in a research report on Wednesday, November 6th. Citigroup dropped their price objective on shares of American Equity Investment Life from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Friday, September 13th. ValuEngine upgraded shares of American Equity Investment Life from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, UBS Group lifted their price objective on shares of American Equity Investment Life from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $29.50.

Shares of AEL stock opened at $28.52 on Monday. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 6.12 and a beta of 1.97. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.18. American Equity Investment Life has a fifty-two week low of $20.16 and a fifty-two week high of $34.74. The firm’s 50 day moving average price is $24.75 and its two-hundred day moving average price is $25.77.

Several large investors have recently modified their holdings of the stock. State of Alaska Department of Revenue increased its stake in shares of American Equity Investment Life by 1.4% in the second quarter. State of Alaska Department of Revenue now owns 30,938 shares of the financial services provider’s stock worth $840,000 after buying an additional 432 shares during the last quarter. Gradient Investments LLC increased its stake in shares of American Equity Investment Life by 10.8% in the third quarter. Gradient Investments LLC now owns 4,599 shares of the financial services provider’s stock worth $111,000 after buying an additional 450 shares during the last quarter. Mason Street Advisors LLC increased its stake in shares of American Equity Investment Life by 1.8% in the third quarter. Mason Street Advisors LLC now owns 30,892 shares of the financial services provider’s stock worth $748,000 after buying an additional 556 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of American Equity Investment Life by 1.7% in the second quarter. Oregon Public Employees Retirement Fund now owns 35,589 shares of the financial services provider’s stock worth $967,000 after buying an additional 600 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of American Equity Investment Life by 13.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,795 shares of the financial services provider’s stock worth $140,000 after buying an additional 689 shares during the last quarter. Institutional investors and hedge funds own 91.78% of the company’s stock.

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. It markets its products through independent agents, 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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