Equity research analysts expect American Equity Investment Life Holding (NYSE:AEL – Get a rating) to post earnings per share of $0.97 for the current quarter, according to Zacks Investment Research. Four analysts made earnings estimates for American Equity Investment Life. The highest EPS estimate is $1.07 and the lowest is $0.73. American Equity Investment Life posted earnings per share of $0.98 in the same quarter last year, indicating a negative 1% year-over-year growth rate. The company is expected to release its next earnings report on Monday, January 1.
On average, analysts expect American Equity Investment Life to report annual earnings of $4.07 per share for the current fiscal year, with EPS estimates ranging from $3.35 to $4.35 . For the next fiscal year, analysts expect the company to report earnings of $5.08 per share, with EPS estimates ranging from $4.85 to $5.25. Zacks earnings per share averages are an average average based on a survey of research analysts who follow American Equity Investment Life.
Investment in American Life stocks (NYSE:AEL – Get a rating) last released its quarterly results on Wednesday, May 4. The financial services provider reported earnings per share (EPS) of $0.92 for the quarter, meeting analyst consensus estimates of $0.92. American Equity Investment Life achieved a return on equity of 7.26% and a net margin of 26.35%. The company posted revenue of $147.80 million for the quarter, versus analyst estimates of $612.85 million. In the same period a year earlier, the company posted earnings per share of $0.43. The company’s revenue was down 84.6% year over year.
AEL has been the subject of a number of recent analyst reports. Jefferies Financial Group began covering American Equity Investment Life in a research report on Tuesday, January 25. They set a “holding” rating and a price target of $42.00 for the company. StockNews.com In a research report on Thursday, shares of American Equity Investment Life were downgraded from a “hold” rating to a “buy” rating. Zacks Investment Research upgraded American Equity Investment Life from a “sell” to a “hold” rating and set a price target of $37.00 for the stock in a Tuesday, May 10 research note. Finally, Morgan Stanley raised its price target on American Equity Investment Life from $40.00 to $41.00 and gave the stock an “equal weight” rating in a Tuesday, February 22 research report. Four investment analysts gave the stock a hold rating and seven gave the company a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $42.18.
ALE opened at $34.02 on Friday. American Equity Investment Life has a one-year low of $27.12 and a one-year high of $44.49. The company’s 50-day moving average price is $38.42 and its 200-day moving average price is $38.39. The stock has a market capitalization of $3.17 billion, a PE ratio of 4.60 and a beta of 1.10. The company has a debt ratio of 0.11, a quick ratio of 0.20 and a current ratio of 0.17.
In related news, EVP Ronald James Grensteiner sold 15,963 shares in a trade dated Monday, March 14. The shares were sold at an average price of $38.37, for a total value of $612,500.31. The sale was disclosed in a legal filing with the SEC, which is available via this hyperlink. Additionally, director Joyce Ann Chapman sold 3,856 shares of the company in a trade that took place on Wednesday, March 9. The shares were sold at an average price of $38.26, for a total value of $147,530.56. Disclosure of this sale can be found here. Insiders sold a total of 29,007 shares of the company worth $1,112,023 over the past three months. 1.90% of the shares are currently held by insiders.
Hedge funds and other institutional investors have recently changed their positions in the stock. First Trust Advisors LP increased its stake in American Equity Investment Life shares by 35.4% in Q1. First Trust Advisors LP now owns 93,246 shares of the financial services provider valued at $2,520,000 after buying an additional 24,396 shares last quarter. Morgan Stanley increased its stake in shares of American Equity Investment Life by 19.6% during the second quarter. Morgan Stanley now owns 394,595 shares of the financial services provider valued at $12,754,000 after purchasing an additional 64,764 shares during the period. SG Americas Securities LLC increased its equity stake in American Equity Investment Life by 137.1% in the third quarter. SG Americas Securities LLC now owns 12,799 shares of the financial services provider valued at $378,000 after purchasing an additional 7,400 shares during the period. Truist Financial Corp acquired a new stake in American Equity Investment Life during Q3 worth $204,000. Finally, Russell Investments Group Ltd. increased its stake in American Equity Investment Life by 3.0% during the third quarter. Russell Investments Group Ltd. now owns 273,358 shares of the financial services provider worth $8,080,000 after purchasing an additional 7,842 shares during the period. Hedge funds and other institutional investors hold 95.15% of the company’s shares.
American Equity Investment Life Insurance Company Profile (Get a rating)
American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products in the United States. The company issues index and fixed rate annuities, as well as single premium immediate annuities. It markets its products through independent agents, including independent marketing organizations, broker/dealers, banks and registered investment advisers.
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