American Equity Investment Life Holding to Post FY2020 Earnings of $3.90 Per Share, B. Riley Forecasts (AEL)

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American Equity Investment Life Holding (NYSE:AEL) – B. Riley cut their FY2020 EPS estimates for American Equity Investment Life in a research report issued on Monday, February 11th. B. Riley analyst R. Binner now anticipates that the financial services provider will post earnings of $3.90 per share for the year, down from their prior estimate of $4.00.

American Equity Investment Life (NYSE:AEL) last issued its quarterly earnings data on Wednesday, February 6th. The financial services provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.09. American Equity Investment Life had a return on equity of 14.00% and a net margin of 13.62%. The firm had revenue of $554.36 million during the quarter, compared to analysts’ expectations of $556.20 million. During the same period in the prior year, the business posted $0.82 EPS.

Several other analysts have also commented on AEL. ValuEngine lowered American Equity Investment Life from a “hold” rating to a “sell” rating in a report on Thursday, December 6th. Zacks Investment Research downgraded American Equity Investment Life from a “buy” rating to a “hold” rating in a research report on Monday, January 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $37.25.

Shares of AEL stock opened at $31.60 on Tuesday. The company has a current ratio of 0.10, a quick ratio of 0.11 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $2.75 billion, a PE ratio of 6.78 and a beta of 2.26. American Equity Investment Life has a fifty-two week low of $25.27 and a fifty-two week high of $38.56.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AEL. Geode Capital Management LLC lifted its holdings in American Equity Investment Life by 10.3% during the 4th quarter. Geode Capital Management LLC now owns 953,517 shares of the financial services provider’s stock worth $26,641,000 after buying an additional 88,978 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of American Equity Investment Life by 2.4% in the 4th quarter. California State Teachers Retirement System now owns 140,333 shares of the financial services provider’s stock valued at $3,921,000 after purchasing an additional 3,260 shares during the last quarter. Kepos Capital LP raised its stake in American Equity Investment Life by 469.1% during the 4th quarter. Kepos Capital LP now owns 68,140 shares of the financial services provider’s stock valued at $1,904,000 after acquiring an additional 56,166 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in American Equity Investment Life by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,446,044 shares of the financial services provider’s stock valued at $208,042,000 after acquiring an additional 48,459 shares during the last quarter. Finally, United Services Automobile Association raised its stake in American Equity Investment Life by 6.4% during the 4th quarter. United Services Automobile Association now owns 206,697 shares of the financial services provider’s stock valued at $5,775,000 after acquiring an additional 12,393 shares during the last quarter. 93.72% of the stock is owned by hedge funds and other institutional investors.

About American Equity Investment Life

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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