American Equity Investment Life Holding (NYSE:AEL – Get Rating) – Stock analysts at Jefferies Financial Group raised their Q3 2022 earnings per share (EPS) estimates for American Equity Investment Life in a research note issued to investors on Wednesday, September 7th. Jefferies Financial Group analyst D. Bergman now anticipates that the financial services provider will post earnings of $0.76 per share for the quarter, up from their prior estimate of $0.71. The consensus estimate for American Equity Investment Life's current full-year earnings is $3.78 per share. Jefferies Financial Group also issued estimates for American Equity Investment Life's FY2022 earnings at $3.65 EPS and FY2026 earnings at $7.25 EPS.

AEL has been the topic of a number of other reports. Keefe, Bruyette & Woods downgraded American Equity Investment Life from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from $43.00 to $41.00 in a research report on Wednesday, July 13th. StockNews.com cut American Equity Investment Life from a "buy" rating to a "hold" rating in a research note on Friday, May 20th. Piper Sandler reduced their price objective on American Equity Investment Life from $44.00 to $41.00 and set an "overweight" rating on the stock in a research note on Friday, July 8th. Truist Financial boosted their price objective on American Equity Investment Life from $45.00 to $51.00 and gave the stock a "buy" rating in a research note on Thursday, August 11th. Finally, Credit Suisse Group cut American Equity Investment Life from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $43.00 to $38.00 in a research note on Friday, July 22nd. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, American Equity Investment Life presently has a consensus rating of "Hold" and a consensus price target of $43.60.

American Equity Investment Life Price Performance

American Equity Investment Life (NYSE:AEL – Get Rating) last posted its earnings results on Monday, August 8th. The financial services provider reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.27. The company had revenue of $121.40 million for the quarter, compared to the consensus estimate of $628.20 million. American Equity Investment Life had a return on equity of 8.22% and a net margin of 61.05%. The firm's revenue for the quarter was down 88.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 earnings per share.

Institutional Trading of American Equity Investment Life

A number of large investors have recently modified their holdings of the company. Castleview Partners LLC boosted its holdings in shares of American Equity Investment Life by 282.0% in the second quarter. Castleview Partners LLC now owns 382 shares of the financial services provider's stock valued at $53,000 after purchasing an additional 282 shares during the period. Congress Asset Management Co. MA boosted its holdings in shares of American Equity Investment Life by 0.8% in the second quarter. Congress Asset Management Co. MA now owns 43,859 shares of the financial services provider's stock valued at $1,604,000 after purchasing an additional 330 shares during the period. Byrne Asset Management LLC boosted its holdings in shares of American Equity Investment Life by 95.9% in the first quarter. Byrne Asset Management LLC now owns 960 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 470 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in shares of American Equity Investment Life by 3.8% in the first quarter. Mercer Global Advisors Inc. ADV now owns 13,745 shares of the financial services provider's stock valued at $549,000 after purchasing an additional 498 shares during the period. Finally, Covestor Ltd lifted its holdings in American Equity Investment Life by 38.9% during the first quarter. Covestor Ltd now owns 2,180 shares of the financial services provider's stock worth $87,000 after buying an additional 610 shares during the period. Hedge funds and other institutional investors own 93.16% of the company's stock.

Insider Activity

In other news, EVP Jeffrey D. Lorenzen sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $40.00, for a total transaction of $1,000,000.00. Following the transaction, the executive vice president now owns 36,439 shares of the company's stock, valued at $1,457,560. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.59% of the company's stock.

American Equity Investment Life Company Profile

(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.

Further Reading

• Get a free copy of the StockNews.com research report on American Equity Investment Life (AEL)
• Dollar General is the Big Fish in Little Ponds Across the U.S.
• Here's Why the CPI Report will Dictate the Market Bottom
• MarketBeat: Week in Review 9/5 – 9/9
• Prepare For A Record-Setting Quarter For Cyber Security Stocks
• The Auto Market Is Slowly Recovering, These Stocks May Outperform

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.