American Equity Investment Life Holding (NYSE:AEL) declared an annual dividend on Friday, November 22nd, Zacks reports. Investors of record on Tuesday, December 3rd will be paid a dividend of 0.30 per share by the financial services provider on Thursday, December 12th. This represents a yield of 1.01%. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from American Equity Investment Life’s previous annual dividend of $0.28.
Shares of NYSE AEL opened at $29.72 on Friday. American Equity Investment Life has a twelve month low of $20.16 and a twelve month high of $34.74. The firm has a fifty day simple moving average of $26.37 and a 200 day simple moving average of $25.72. The company has a market capitalization of $2.72 billion, a PE ratio of 5.34 and a beta of 1.97. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.18.
American Equity Investment Life (NYSE:AEL) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $1.56. The firm had revenue of $643.40 million for the quarter, compared to the consensus estimate of $641.01 million. During the same period in the prior year, the business earned $1.87 EPS. American Equity Investment Life’s quarterly revenue was down 46.1% on a year-over-year basis. As a group, equities analysts expect that American Equity Investment Life will post 5.62 earnings per share for the current fiscal year.
In other American Equity Investment Life news, Director Debra J. Richardson sold 18,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $29.77, for a total value of $535,860.00. Following the completion of the sale, the director now directly owns 128,242 shares in the company, valued at $3,817,764.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.99% of the company’s stock.
A number of brokerages recently weighed in on AEL. ValuEngine raised shares of American Equity Investment Life from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. B. Riley reissued a “neutral” rating on shares of American Equity Investment Life in a research note on Tuesday, October 15th. Zacks Investment Research raised shares of American Equity Investment Life from a “sell” rating to a “hold” rating and set a $33.00 target price for the company in a research note on Wednesday, November 6th. Finally, Citigroup lowered their target price on shares of American Equity Investment Life from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, September 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $30.50.
American Equity Investment Life Company Profile
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. It markets its products through independent agents, including national marketing organizations, broker/dealers, banks, and registered investment advisors.
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