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

American Equity Investment Life (NYSE: AEL – Get a rating) will release earnings data after market close on Wednesday, May 4. Analysts expect American Equity Investment Life to post earnings of $0.94 per share for the quarter. Individuals wishing to listen to the company’s earnings conference call can do so using this link.

American Equity Investment Life (NYSE: AEL – Get a rating) last released its quarterly results on Thursday, February 17. The financial services provider reported earnings per share (EPS) of $1.04 for the quarter, missing the Zacks consensus estimate of $1.05 per ($0.01). The company posted revenue of $514.60 million for the quarter, versus a consensus estimate of $506.04 million. American Equity Investment Life posted a net margin of 12.85% and a return on equity of 6.27%. In the same quarter a year earlier, the company had earned earnings per share of $0.77. 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.

NYSE:AEL shares opened at $37.84 on Wednesday. The stock has a 50-day moving average of $38.75 and a 200-day moving average of $38.02. The company has a market capitalization of $3.67 billion, a PE ratio of 8.33 and a beta of 1.13. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt ratio of 0.09. American Equity Investment Life has a 12-month low of $27.12 and a 12-month high of $44.49.

(A d)

China consumes 54% of the world’s copper. Yet China only exploits 8% of its copper needs, while plundering Africa, Latin America and South America for copper. The United States is scrambling to find new sources of copper. But there is a North American sweet spot for copper overlooked by China – for now.

In related news, EVP Ronald James Grensteiner sold 9,188 shares in a trade on Tuesday, April 12. The stock was sold at an average price of $38.31, for a total transaction of $351,992.28. Following the sale, the executive vice president now owns 89,039 shares of the company, valued at approximately $3,411,084.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. Additionally, director Joyce Ann Chapman sold 3,856 shares in a trade 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 in the past ninety days. Insiders hold 1.90% of the shares of the company.

Large investors have recently increased or reduced their stakes in the stock. EverSource Wealth Advisors LLC acquired a new stake in American Equity Investment Life during Q4 valued at $27,000. NewEdge Advisors LLC acquired a new stake in American Equity Investment Life during Q4, valued at $271,000. UBS Group AG increased its position in American Equity Investment Life by 496.6% in the third quarter. UBS Group AG now owns 10,959 shares of the financial services provider valued at $324,000 after acquiring an additional 9,122 shares in the last quarter. Marshall Wace LLP bought a new position in American Equity Investment Life in Q4 worth $499,000. Finally, the Tennessee State Treasury Department increased its position in American Equity Investment Life by 32.0% in the fourth quarter. The Tennessee State Treasury Department now owns 82,420 shares of the financial services provider valued at $3,207,000 after acquiring 19,968 additional shares in the last quarter. Institutional investors hold 93.49% of the company’s shares.

A number of research analysts have recently published reports on the company. Morgan Stanley raised its price target on American Equity Investment Life from $40.00 to $41.00 and gave the company an “equal weight” rating in a Tuesday, Feb. 22 research note. Piper Sandler upgraded American Equity Investment Life from a “neutral” rating to an “overweight” rating and raised its price target for the company from $36.00 to $46.00 in a Wednesday, Jan. 5 research note . 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, Jan. 12 research note. JPMorgan Chase & Co. raised its price target on American Equity Investment Life from $37.00 to $41.00 in a research note on Tuesday, January 4. Finally, Evercore ISI upgraded American Equity Investment Life from an “in-line” rating to an “outperforming” rating and raised its price target for the stock from $34.00 to $46.00 in a research note. from Wednesday 5 January. Five investment analysts gave the stock a hold rating and six gave the stock a buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $42.64.

About American Equity Investment Life (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.

See also

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

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