American Equity Investment Life Holding (NYSE:AEL) – Investment analysts at B. Riley upped their FY2017 earnings estimates for American Equity Investment Life in a research note issued to investors on Thursday. B. Riley analyst R. Binner now forecasts that the financial services provider will earn $3.02 per share for the year, up from their previous forecast of $3.01. B. Riley has a “Neutral” rating and a $30.00 price objective on the stock. B. Riley also issued estimates for American Equity Investment Life’s Q4 2017 earnings at $0.69 EPS.

American Equity Investment Life (NYSE:AEL) last released its earnings results on Monday, November 6th. The financial services provider reported $0.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.33. The firm had revenue of $906.00 million during the quarter, compared to analysts’ expectations of $615.75 million. American Equity Investment Life had a net margin of 7.90% and a return on equity of 10.50%. American Equity Investment Life’s revenue for the quarter was up 43.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.05) EPS.

AEL has been the subject of several other reports. ValuEngine cut shares of American Equity Investment Life from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 14th. Royal Bank of Canada reiterated a “buy” rating and issued a $30.00 price target on shares of American Equity Investment Life in a report on Tuesday, October 10th. Finally, Goldman Sachs Group began coverage on shares of American Equity Investment Life in a report on Wednesday, October 18th. They issued a “neutral” rating and a $29.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $29.14.

Shares of American Equity Investment Life (AEL) opened at $31.57 on Friday. The company has a market cap of $2,745.83, a P/E ratio of 10.96 and a beta of 2.55. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.27. American Equity Investment Life has a 12 month low of $21.90 and a 12 month high of $32.54.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of American Equity Investment Life by 5.4% in the 2nd quarter. Vanguard Group Inc. now owns 8,823,142 shares of the financial services provider’s stock valued at $231,872,000 after purchasing an additional 450,110 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of American Equity Investment Life by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,458,013 shares of the financial services provider’s stock valued at $195,997,000 after acquiring an additional 38,858 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in shares of American Equity Investment Life by 3.1% during the 3rd quarter. Macquarie Group Ltd. now owns 3,599,783 shares of the financial services provider’s stock valued at $104,681,000 after acquiring an additional 109,163 shares in the last quarter. Apollo Management Holdings L.P. lifted its holdings in shares of American Equity Investment Life by 26.7% during the 2nd quarter. Apollo Management Holdings L.P. now owns 3,266,544 shares of the financial services provider’s stock valued at $85,845,000 after acquiring an additional 688,255 shares in the last quarter. Finally, Earnest Partners LLC lifted its holdings in shares of American Equity Investment Life by 1.8% during the 3rd quarter. Earnest Partners LLC now owns 2,711,974 shares of the financial services provider’s stock valued at $78,864,000 after acquiring an additional 47,642 shares in the last quarter. Institutional investors own 93.92% of the company’s stock.

The business also recently declared an annual dividend, which was paid on Tuesday, December 12th. Shareholders of record on Wednesday, November 29th were issued a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, November 28th. This is a positive change from American Equity Investment Life’s previous annual dividend of $0.24. American Equity Investment Life’s dividend payout ratio (DPR) is 9.03%.

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American Equity Investment Life Company Profile

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.

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

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