Equities analysts predict that American Equity Investment Life Holding (NYSE:AEL) will announce sales of $481.83 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for American Equity Investment Life Holding’s earnings, with the lowest sales estimate coming in at $476.90 million and the highest estimate coming in at $486.76 million. American Equity Investment Life Holding posted sales of $459.83 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.8%. The company is expected to announce its next quarterly earnings results on Wednesday, August 2nd.

According to Zacks, analysts expect that American Equity Investment Life Holding will report full year sales of $481.83 million for the current financial year, with estimates ranging from $1.92 billion to $1.96 billion. For the next financial year, analysts expect that the company will post sales of $2.02 billion per share, with estimates ranging from $1.99 billion to $2.06 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover American Equity Investment Life Holding.

American Equity Investment Life Holding (NYSE:AEL) last announced its quarterly earnings data on Wednesday, May 3rd. The financial services provider reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.08. American Equity Investment Life Holding had a net margin of 3.75% and a return on equity of 4.79%. The business had revenue of $927.30 million for the quarter, compared to analyst estimates of $532.31 million. During the same period in the prior year, the business posted $0.25 earnings per share. American Equity Investment Life Holding’s revenue was up 122.1% compared to the same quarter last year.

A number of equities analysts have recently issued reports on the company. TheStreet raised American Equity Investment Life Holding from a “c” rating to a “b-” rating in a research report on Thursday, February 9th. FBR & Co increased their price target on American Equity Investment Life Holding from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, February 13th. Keefe, Bruyette & Woods assumed coverage on American Equity Investment Life Holding in a research report on Wednesday, April 26th. They set a “market perform” rating and a $26.00 price target on the stock. Finally, Royal Bank of Canada reissued a “buy” rating and set a $28.00 price target on shares of American Equity Investment Life Holding in a research report on Monday, May 22nd. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $24.63.

In related news, Director Alan David Matula acquired 6,270 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was purchased at an average cost of $23.96 per share, for a total transaction of $150,229.20. Following the purchase, the director now directly owns 13,220 shares of the company’s stock, valued at approximately $316,751.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.43% of the company’s stock.

Several large investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of American Equity Investment Life Holding by 39,171.4% in the first quarter. BlackRock Inc. now owns 8,551,338 shares of the financial services provider’s stock worth $202,068,000 after buying an additional 8,529,563 shares during the period. Vanguard Group Inc. boosted its stake in shares of American Equity Investment Life Holding by 7.7% in the first quarter. Vanguard Group Inc. now owns 8,373,032 shares of the financial services provider’s stock worth $197,855,000 after buying an additional 600,302 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of American Equity Investment Life Holding by 6.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,408,731 shares of the financial services provider’s stock worth $166,992,000 after buying an additional 464,803 shares during the period. Macquarie Group Ltd. boosted its stake in shares of American Equity Investment Life Holding by 1.4% in the fourth quarter. Macquarie Group Ltd. now owns 3,424,278 shares of the financial services provider’s stock worth $77,183,000 after buying an additional 46,561 shares during the period. Finally, State Street Corp boosted its stake in shares of American Equity Investment Life Holding by 11.6% in the first quarter. State Street Corp now owns 2,586,563 shares of the financial services provider’s stock worth $61,117,000 after buying an additional 269,315 shares during the period. Hedge funds and other institutional investors own 90.77% of the company’s stock.

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Shares of American Equity Investment Life Holding (AEL) opened at 25.30 on Friday. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 12.18 and a beta of 2.36. The firm has a 50-day moving average of $24.20 and a 200 day moving average of $23.91. American Equity Investment Life Holding has a 12-month low of $13.07 and a 12-month high of $28.00.

About American Equity Investment Life Holding

American Equity Investment Life Holding Company is engaged in the development and sale of fixed index and fixed rate annuity products. The Company issues fixed annuity and life insurance products through its life insurance subsidiaries, American Equity Investment Life Insurance Company, American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company.

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