American Equity Investment Life Holding (NYSE:AEL) is expected to report quarterly sales of $531.10 million


Equity research analysts predict that American Equity Investment Life Holding (NYSE:AELGet a rating) will announce sales of $531.10 million for the current fiscal quarter, Zacks reports. Four analysts released earnings estimates for American Equity Investment Life. The lowest sales estimate is $519.66 million and the highest is $540.36 million. American Equity Investment Life reported sales of $497.19 million in the same quarter last year, suggesting a positive year-over-year growth rate of 6.8%. The company is expected to release its next results after the market closes on Monday, January 1.

On average, analysts expect American Equity Investment Life to post annual sales of $2.18 billion in the current fiscal year, with estimates ranging from $2.13 billion to $2.23 billion. For next year, analysts expect the company to record sales of $2.28 billion, with estimates ranging from $2.23 billion to $2.40 billion. Zacks Investment Research’s sell calculations are an average average based on a survey of sell-side research analysts who provide coverage for American Equity Investment Life.

Investment in American Life stocks (NYSE:AELGet a rating) last released its quarterly earnings data on Thursday, February 17. The financial services provider reported EPS of $1.04 for the quarter, missing Thomson Reuters consensus estimate of $1.05 per ($0.01). The company posted revenue of $514.60 million in the quarter, compared to $506.04 million expected by analysts. American Equity Investment Life posted a return on equity of 6.27% and a net margin of 12.85%. In the same quarter a year earlier, the company posted EPS of $0.77.

A number of research analysts have recently released reports on AEL shares. 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. Evercore ISI upgraded American Equity Investment Life from an “in-line” rating to an “outperforming” rating and raised its share price target from $34.00 to $46.00 in a Wednesday, January 5 report . Zacks Investment Research downgraded American Equity Investment Life from a “strong buy” rating to a “hold” rating and set a target price of $42.00 for the stock. in a report on Tuesday, January 4. Piper Sandler upgraded shares of American Equity Investment Life from a ‘neutral’ rating to an ‘overweight’ rating and raised her price target for the company from $36.00 to $46.00 in a research note from Wednesday 5 January. Finally, Jefferies Financial Group began covering American Equity Investment Life in a research report on Tuesday, January 25. They issued a “holding” rating and a price target of $42.00 on the stock. Five analysts have rated the stock with a hold rating and six have issued a buy rating for the company’s stock. According to data from MarketBeat.com, American Equity Investment Life has an average rating of “Buy” and an average price target of $42.64.

Shares of NYSE:AEL opened at $38.88 on Monday. American Equity Investment Life has a 1 year minimum of $27.12 and a 1 year maximum of $44.49. The company has a market capitalization of $3.77 billion, a PE ratio of 8.56 and a beta of 1.13. The company has a debt ratio of 0.09, a current ratio of 0.20 and a quick ratio of 0.20. The stock’s 50-day moving average is $38.93 and its 200-day moving average is $37.97.

In other news, director Joyce Ann Chapman sold 3,856 shares in a trade on Wednesday, March 9. The stock was sold at an average price of $38.26, for a total transaction of $147,530.56. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. Also, VPE Ronald James Grensteiner sold 9,188 shares of the company in a trade on Tuesday, April 12. The stock was sold at an average price of $38.31, for a total value of $351,992.28. Following the sale, the executive vice president now owns 89,039 shares of the company, valued at $3,411,084.09. Disclosure of this sale can be found here. In the past three months, insiders have sold 29,007 shares of the company worth $1,112,023. 1.90% of the shares are held by insiders.

Institutional investors have recently increased or reduced their stake in the company. Allspring Global Investments Holdings LLC purchased a new stock position in American Equity Investment Life in the fourth quarter at a value of approximately $12,708,000. Invesco Ltd. increased its holdings in American Equity Investment Life by 19.3% in the third quarter. Invesco Ltd. now owns 1,676,174 shares of the financial services provider worth $49,565,000 after acquiring an additional 271,562 shares during the period. Gyon Technologies Capital Management LP acquired a new stake in American Equity Investment Life during the third quarter worth approximately $1,129,000. Blueshift Asset Management LLC increased its holdings in American Equity Investment Life by 8.4% during the third quarter. Blueshift Asset Management LLC now owns 21,798 shares of the financial services provider worth $645,000 after acquiring an additional 1,698 shares during the period. Lastly, Meritage Investment Management increased its stake in American Equity Investment Life by 5.4% during the fourth quarter. Meritage Investment Management now owns 7,347 shares of the financial services provider worth $286,000 after acquiring 376 additional shares during the period. Institutional investors hold 93.49% of the company’s shares.

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.

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



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