Research Analysts Set Expectations for American Equity Investment Life Holding’s FY2018 Earnings (AEL)

American Equity Investment Life Holding (NYSE:AEL) – Stock analysts at B. Riley increased their FY2018 earnings per share estimates for shares of American Equity Investment Life in a research note issued on Thursday, according to Zacks Investment Research. B. Riley analyst R. Binner now forecasts that the financial services provider will earn $3.35 per share for the year, up from their previous estimate of $2.80. B. Riley has a “Neutral” rating and a $30.00 price target on the stock. B. Riley also issued estimates for American Equity Investment Life’s FY2019 earnings at $3.45 EPS.

American Equity Investment Life (NYSE:AEL) last posted its quarterly earnings data on Monday, November 6th. The financial services provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.33. American Equity Investment Life had a net margin of 7.90% and a return on equity of 10.50%. The company had revenue of $906.00 million during the quarter, compared to analyst estimates of $615.75 million. During the same period in the prior year, the firm earned ($0.05) earnings per share. The business’s quarterly revenue was up 43.8% on a year-over-year basis.

A number of other analysts have also commented on the stock. ValuEngine lowered shares of American Equity Investment Life from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 29th. Royal Bank of Canada reaffirmed a “buy” rating and set a $35.00 price objective on shares of American Equity Investment Life in a research note on Friday, December 8th. Finally, Goldman Sachs Group began coverage on shares of American Equity Investment Life in a research note on Wednesday, October 18th. They set a “neutral” rating and a $29.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $29.83.

Shares of American Equity Investment Life (AEL) opened at $33.00 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.12 and a current ratio of 0.12. The company has a market cap of $3,024.79, a P/E ratio of 11.47 and a beta of 2.55.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of American Equity Investment Life by 11.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,948 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 414 shares in the last quarter. Riverhead Capital Management LLC lifted its position in shares of American Equity Investment Life by 79.5% in the second quarter. Riverhead Capital Management LLC now owns 5,026 shares of the financial services provider’s stock worth $132,000 after purchasing an additional 2,226 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in shares of American Equity Investment Life in the second quarter worth approximately $174,000. V Wealth Management LLC purchased a new stake in shares of American Equity Investment Life in the fourth quarter worth approximately $209,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of American Equity Investment Life in the third quarter worth approximately $203,000. 95.29% of the stock is owned by institutional investors and hedge funds.

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About American Equity Investment Life

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

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