Analysts Set Expectations for American Equity Investment Life Holding’s FY2017 Earnings (AEL)

American Equity Investment Life Holding (NYSE:AEL) – B. Riley increased their FY2017 earnings per share (EPS) estimates for American Equity Investment Life in a research report issued on Thursday. B. Riley analyst R. Binner now anticipates that the financial services provider will post earnings of $3.02 per share for the year, up from their previous forecast of $3.01. B. Riley has a “Neutral” rating and a $30.00 price objective on the stock. B. Riley also issued estimates for American Equity Investment Life’s Q4 2017 earnings at $0.69 EPS.

Several other equities research analysts have also issued reports on AEL. ValuEngine lowered American Equity Investment Life from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 29th. Royal Bank of Canada lifted their price target on American Equity Investment Life from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 8th. Finally, Goldman Sachs Group began 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 for the company. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $29.14.

Shares of American Equity Investment Life (NYSE:AEL) opened at $31.87 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.12 and a current ratio of 0.12. American Equity Investment Life has a 52 week low of $21.90 and a 52 week high of $32.54. The stock has a market capitalization of $2,840.00, a PE ratio of 11.18 and a beta of 2.55.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its stake in shares of American Equity Investment Life by 2.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,511 shares of the financial services provider’s stock valued at $224,000 after acquiring an additional 183 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of American Equity Investment Life by 0.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 58,576 shares of the financial services provider’s stock valued at $1,539,000 after acquiring an additional 197 shares during the last quarter. Amalgamated Bank lifted its stake in shares of American Equity Investment Life by 1.8% in the 2nd quarter. Amalgamated Bank now owns 11,832 shares of the financial services provider’s stock valued at $311,000 after acquiring an additional 211 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of American Equity Investment Life by 11.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,948 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 414 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its stake in shares of American Equity Investment Life by 0.3% in the 2nd quarter. Mutual of America Capital Management LLC now owns 217,434 shares of the financial services provider’s stock valued at $5,714,000 after acquiring an additional 737 shares during the last quarter. 93.92% of the stock is owned by institutional investors.

The business also recently announced an annual dividend, which was paid on Tuesday, December 12th. Stockholders of record on Wednesday, November 29th were paid a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, November 28th. This is a positive change from American Equity Investment Life’s previous annual dividend of $0.24. American Equity Investment Life’s payout ratio is 9.12%.

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American Equity Investment Life 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.

Earnings History and Estimates for American Equity Investment Life (NYSE:AEL)

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