Piper Sandler Brokers Drops Earnings Estimates for American Equity Investment Life Holding (NYSE: AEL)

American Equity Investment Life Holding (NYSE: AEL) – Piper Sandler stock researchers lowered their estimates of second quarter 2022 earnings per share for American Equity Investment Life stocks in a note to investors on Wednesday, January 5. Piper Sandler analyst J. Barnidge now expects the financial services provider to post earnings per share of $ 1.22 for the quarter, down from its previous forecast of $ 1.23 . Piper Sandler has an “overweight” rating and a target price of $ 46.00 on the stock. Piper Sandler also released estimates for American Equity Investment Life’s third quarter 2022 earnings at $ 1.30 per share and fourth quarter 2022 earnings at $ 1.37 per share. American Equity Investment Life (NYSE: AEL) last released its 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 $ 0.70 by $ 0.70. American Equity Investment Life had a net margin of 10.79% and a return on equity of 5.87%. The company posted revenue of $ 542.56 million in the quarter, compared to $ 578.71 million expected by analysts. During the same period of the previous year, the company posted earnings per share of $ 0.99. The company’s revenue for the quarter was down 32.1% year-on-year.

The AEL has been the subject of several other reports. Royal Bank of Canada increased its price target for American Equity Investment Life shares from $ 38.00 to $ 41.00 and gave the company an “outperformance” rating in a research report released on Thursday. November 11th. Evercore ISI upgraded shares of American Equity Investment Life from an “online” rating to an “outperforming” rating and raised its target price from $ 34.00 to $ 46.00 in a research report released Wednesday. Morgan Stanley raised its target price for American Equity Investment Life shares from $ 31.00 to $ 33.00 and gave the stock an “equal weight” rating in a research report released on Thursday, October 14. . Keefe, Bruyette & Woods lifted shares of American Equity Investment Life from a “market performance” rating to an “outperformance” rating and set a price target of $ 42.00 on the stock in a year. research note Wednesday, December 1. Finally, Truist Securities raised its price target for American Equity Investment Life shares from $ 39.00 to $ 44.00 and gave the stock a “buy” rating in a research note on Thursday. November 11th. Four analysts rated the stock with a conservation rating and eight gave the company a buy rating. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $ 40.15.

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Actions of AEL opened for $ 40.93 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.34, and a debt ratio of 0.09. The company’s 50-day moving average is $ 36.52 and its two-hundred-day moving average is $ 33.26. American Equity Investment Life has a twelve month low of $ 26.21 and a twelve month high of $ 41.92. The company has a market cap of $ 3.79 billion, a P / E ratio of 11.40 and a beta of 1.21.

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

In other news from American Equity Investment Life, CEO Anant Bhalla sold 10,214 shares of the company in a deal dated Tuesday, November 30. The shares were sold at an average price of $ 29.64, for a total trade of $ 302,742.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.90% of the company’s shares.

Several hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. The Ohio State Employee Retirement System increased its holdings of American Equity Investment Life shares by 1.8% in the second quarter. The Ohio Public Employee Retirement System now owns 18,064 shares of the financial services provider worth $ 584,000 after buying 322 more shares in the last quarter. Fieldpoint Private Securities LLC increased its holdings of American Equity Investment Life shares by 92.1% in the 2nd quarter. Fieldpoint Private Securities LLC now owns 855 shares of the financial services provider valued at $ 29,000 after purchasing an additional 410 shares in the last quarter. Profund Advisors LLC increased its holdings of American Equity Investment Life shares by 4.2% in the second quarter. Profund Advisors LLC now owns 11,694 shares of the financial services provider valued at $ 378,000 after purchasing an additional 473 shares in the last quarter. CWM Advisors LLC increased its position in American Equity Investment Life shares by 3.1% in the second quarter. CWM Advisors LLC now owns 16,104 shares of the financial services provider valued at $ 520,000 after acquiring 488 additional shares in the last quarter. Finally, the State of Alaska Department of Revenue increased its position in American Equity Investment Life shares by 1.1% in the third quarter. The Alaska State Department of Revenue now owns 60,060 shares of the financial services provider valued at $ 1,775,000 after acquiring an additional 628 shares in the last quarter. Institutional investors and hedge funds hold 90.64% of the company’s shares.

American Equity Investment Life 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 headquartered in West Des Moines, IA.

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

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