American Equity Investment Life Holding (NYSE:AEL) – Research analysts at B. Riley increased their FY2018 earnings per share estimates for shares of American Equity Investment Life in a research report issued to clients and investors on Monday, November 12th. B. Riley analyst R. Binner now expects that the financial services provider will post earnings of $4.56 per share for the year, up from their previous forecast of $3.55.

Separately, Royal Bank of Canada set a $38.00 price target on shares of American Equity Investment Life and gave the company a “buy” rating in a report on Wednesday, August 8th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. American Equity Investment Life presently has an average rating of “Buy” and a consensus target price of $36.17.

Shares of NYSE AEL opened at $34.34 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 10.87 and a beta of 2.51. American Equity Investment Life has a 52-week low of $27.06 and a 52-week high of $38.56.

American Equity Investment Life (NYSE:AEL) last announced its quarterly earnings results on Monday, November 5th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.99. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $600.27 million. American Equity Investment Life had a net margin of 13.62% and a return on equity of 12.77%. American Equity Investment Life’s revenue for the quarter was up 31.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 EPS.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Macquarie Group Ltd. grew its holdings in American Equity Investment Life by 8.6% during the 3rd quarter. Macquarie Group Ltd. now owns 3,932,565 shares of the financial services provider’s stock valued at $139,055,000 after purchasing an additional 312,039 shares during the last quarter. IndexIQ Advisors LLC grew its holdings in American Equity Investment Life by 3.9% during the 3rd quarter. IndexIQ Advisors LLC now owns 77,427 shares of the financial services provider’s stock valued at $2,738,000 after purchasing an additional 2,924 shares during the last quarter. Wakefield Asset Management LLLP bought a new position in American Equity Investment Life during the 3rd quarter valued at about $252,000. MetLife Investment Advisors LLC grew its holdings in American Equity Investment Life by 46.1% during the 3rd quarter. MetLife Investment Advisors LLC now owns 59,894 shares of the financial services provider’s stock valued at $2,118,000 after purchasing an additional 18,910 shares during the last quarter. Finally, Putnam Investments LLC grew its holdings in American Equity Investment Life by 72.0% during the 3rd quarter. Putnam Investments LLC now owns 105,110 shares of the financial services provider’s stock valued at $3,717,000 after purchasing an additional 44,010 shares during the last quarter. Institutional investors own 93.66% of the company’s stock.

American Equity Investment Life Company Profile

American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products and services in the United States. The company issues fixed index and rate annuities; and single premium immediate annuities, as well as life insurance products. The company markets its products through various distribution channels, including national marketing organizations, broker/dealers, banks, and registered investment advisors.

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

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