Jefferies Financial Group Weighs in on American Equity Investment Life Holding’s FY2022 Earnings (NYSE:AEL)

American Equity Investment Life Holding (NYSE:AELGet Rating) – Equities research analysts at Jefferies Financial Group upped their FY2022 earnings estimates for American Equity Investment Life in a report released on Monday, November 21st. Jefferies Financial Group analyst D. Bergman now expects that the financial services provider will post earnings per share of $3.81 for the year, up from their previous estimate of $3.65. The consensus estimate for American Equity Investment Life’s current full-year earnings is $3.92 per share.

Other research analysts have also issued research reports about the stock. Morgan Stanley raised their price target on shares of American Equity Investment Life from $40.00 to $43.00 and gave the company an “equal weight” rating in a report on Wednesday, August 17th. Royal Bank of Canada cut their price target on shares of American Equity Investment Life from $47.00 to $44.00 and set an “outperform” rating on the stock in a report on Wednesday, November 9th. Evercore ISI dropped their price objective on shares of American Equity Investment Life to $38.00 in a research note on Tuesday, November 15th. Raymond James raised their price target on shares of American Equity Investment Life from $40.00 to $48.00 and gave the stock an “outperform” rating in a research report on Monday, August 15th. Finally, Piper Sandler lifted their price objective on shares of American Equity Investment Life from $46.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, October 7th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $43.30.

American Equity Investment Life Trading Down 0.4 %

NYSE AEL opened at $39.39 on Wednesday. American Equity Investment Life has a one year low of $28.05 and a one year high of $44.49. The company’s 50 day moving average price is $38.82 and its 200 day moving average price is $38.09. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.17 and a current ratio of 0.17. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 2.88 and a beta of 1.02.

American Equity Investment Life Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Tuesday, December 13th. Stockholders of record on Monday, November 28th will be issued a dividend of $0.02 per share. The ex-dividend date is Friday, November 25th. This represents a dividend yield of 0.05%. American Equity Investment Life’s dividend payout ratio (DPR) is presently 2.48%.

Institutional Trading of American Equity Investment Life

A number of institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of American Equity Investment Life by 0.4% during the first quarter. BlackRock Inc. now owns 13,317,782 shares of the financial services provider’s stock valued at $531,512,000 after purchasing an additional 49,702 shares during the period. Dimensional Fund Advisors LP grew its position in American Equity Investment Life by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 6,903,390 shares of the financial services provider’s stock valued at $275,512,000 after acquiring an additional 193,277 shares during the period. Macquarie Group Ltd. grew its position in American Equity Investment Life by 1.7% in the second quarter. Macquarie Group Ltd. now owns 5,253,182 shares of the financial services provider’s stock valued at $192,109,000 after acquiring an additional 85,531 shares during the period. State Street Corp grew its holdings in shares of American Equity Investment Life by 4.7% during the first quarter. State Street Corp now owns 3,189,994 shares of the financial services provider’s stock worth $127,313,000 after purchasing an additional 142,611 shares during the last quarter. Finally, Clearbridge Investments LLC grew its holdings in shares of American Equity Investment Life by 0.3% during the second quarter. Clearbridge Investments LLC now owns 2,822,498 shares of the financial services provider’s stock worth $103,219,000 after purchasing an additional 7,434 shares during the last quarter. 93.16% of the stock is currently owned by institutional investors.

About American Equity Investment Life

(Get Rating)

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

Featured Stories

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

Receive News & Ratings for American Equity Investment Life Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Equity Investment Life and related companies with MarketBeat.com's FREE daily email newsletter.