FY2017 EPS Estimates for American Equity Investment Life Holding (AEL) Increased by Analyst

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

A number of other research firms have also commented on AEL. Royal Bank of Canada reaffirmed a “buy” rating and set a $35.00 target price on shares of American Equity Investment Life in a report on Friday, December 8th. ValuEngine lowered shares of American Equity Investment Life from a “strong-buy” rating to a “buy” rating in a report on Friday, December 29th. Finally, Goldman Sachs Group began coverage on shares of American Equity Investment Life in a report on Wednesday, October 18th. They set a “neutral” rating and a $29.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $29.14.

Shares of American Equity Investment Life (NYSE:AEL) opened at $33.96 on Friday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.27. American Equity Investment Life has a fifty-two week low of $21.90 and a fifty-two week high of $34.46. The company has a market cap of $3,063.11, a price-to-earnings ratio of 11.61 and a beta of 2.55.

American Equity Investment Life (NYSE:AEL) last issued its quarterly earnings results on Monday, November 6th. The financial services provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.33. The business had revenue of $906.00 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the business posted ($0.05) earnings per share.

Several hedge funds and other institutional investors have recently made changes to their positions in AEL. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of American Equity Investment Life by 11.7% during 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 American Equity Investment Life by 79.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,026 shares of the financial services provider’s stock valued at $132,000 after acquiring an additional 2,226 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new stake in American Equity Investment Life in the 2nd quarter valued at $174,000. Neuberger Berman Group LLC bought a new stake in American Equity Investment Life in the 2nd quarter valued at $203,000. Finally, Teacher Retirement System of Texas bought a new stake in American Equity Investment Life in the 3rd quarter valued at $203,000. 93.92% of the stock is currently owned by institutional investors.

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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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