American Equity Investment Life (AEL) is set to report quarterly results on Thursday

American Equity Investment Life (NYSE:AEL) is expected to report earnings after market close on Thursday, February 17. Analysts expect the company to report earnings of $1.05 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

American Equity Investment Life (NYSE:AEL) last reported quarterly results on Monday, November 8. The financial services provider reported earnings per share (EPS) of $1.46 for the quarter, beating the consensus estimate of $0.76 by $0.70. The company posted revenue of $542.56 million in the quarter, versus a consensus estimate of $578.71 million. American Equity Investment Life had a net margin of 10.79% and a return on equity of 5.87%. The company’s revenue for the quarter decreased 32.1% compared to the same quarter last year. In the same period a year earlier, the company had earned earnings per share of $0.99. On average, analysts expect American Equity Investment Life to post EPS of $4 for the current fiscal year and EPS of $5 for the next fiscal year.

Shares of NYSE:AEL opened at $43.04 on Thursday. The company has a market capitalization of $3.98 billion, a PE ratio of 11.99 and a beta of 1.15. American Equity Investment Life has a 52-week low of $26.21 and a 52-week high of $43.80. The company has a fifty-day moving average of $39.45 and a 200-day moving average of $34.92. The company has a debt ratio of 0.09, a quick ratio of 0.34 and a current ratio of 0.34.

The company also recently disclosed an annual dividend, which was paid on Monday, December 13. Investors of record on Monday, November 29 received a dividend of $0.34. This represents a return of 0.97%. This is an increase from American Equity Investment Life’s previous annual dividend of $0.18. The ex-dividend date was Friday, November 26. American Equity Investment Life’s dividend payout ratio is currently 9.47%.

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A number of research companies have weighed in on AEL recently. JPMorgan Chase & Co. raised its price target on American Equity Investment Life from $37.00 to $41.00 in a Tuesday, January 4, report. Morgan Stanley raised its price target on American Equity Investment Life from $35.00 to $38.00 and gave the company an “equal weight” rating in a Friday, Jan. 7 report. Keefe, Bruyette & Woods upgraded American Equity Investment Life from a “market performance” rating to an “outperform” rating and set a price target of $42.00 for the company in a Wednesday, Dec. 1, report. . Royal Bank of Canada raised its price target on American Equity Investment Life from $41.00 to $47.00 and gave the company an “outperform” rating in a Wednesday, January 12, report. Finally, Evercore ISI upgraded shares of American Equity Investment Life from an “in-line” rating to an “outperforming” rating and raised its price target for the company from $34.00 to $46.00 in a research report from Wednesday, January 5. Five research analysts gave the stock a hold rating and six gave the stock a buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $41.58.

Separately, Executive Vice President Jeffrey D. Lorenzen sold 20,000 shares of the company in a trade on Friday, January 7. The stock was sold at an average price of $41.10, for a total transaction of $822,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC website. Additionally, Executive Vice Chairman Ronald James Grensteiner sold 10,894 shares of the company in a trade on Thursday, Jan. 20. The stock was sold at an average price of $42.05, for a total value of $458,092.70. Disclosure of this sale can be found here. Insiders sold a total of 41,108 shares of the company worth $1,582,836 in the past three months. Insiders hold 1.90% of the shares of the company.

A hedge fund recently increased its stake in American Equity Investment Life stock. Morgan Stanley increased its stake in shares of American Equity Investment Life Holding (NYSE:AEL) by 19.6% in the 2nd quarter, according to its most recent Form 13F filed with the Securities and Exchange Commission. The institutional investor held 394,595 shares of the financial services provider after purchasing an additional 64,764 shares during the quarter. Morgan Stanley owned 0.43% of American Equity Investment Life worth $12,754,000 at the end of the last quarter. 93.37% of the shares are currently held by hedge funds and other institutional investors.

American Equity Investment Life Insurance Company Profile

American Equity Investment Life Holding Co is engaged in the development and sale of fixed index and fixed rate annuity products. It focuses on the following portfolios: commercial mortgages, agricultural mortgages and residential mortgages. The company was founded by David J. Noble on December 15, 1995 and is based in West Des Moines, IA.

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Earnings history for American Equity Investment Life (NYSE:AEL)

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