American Equity Investment Life Holding (NYSE:AEL - Get Free Report)'s share price reached a new 52-week high on Thursday . The company traded as high as $57.29 and last traded at $56.47, with a volume of 24215765 shares. The stock had previously closed at $56.16.
Wall Street Analyst Weigh In
A number of research analysts recently commented on AEL shares. Keefe, Bruyette & Woods increased their price target on shares of American Equity Investment Life from $55.00 to $56.00 and gave the company a "market perform" rating in a report on Friday, February 16th. StockNews.com started coverage on American Equity Investment Life in a research note on Monday, March 11th. They issued a "hold" rating for the company. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $52.50.
Check Out Our Latest Analysis on AEL
American Equity Investment Life Stock Performance
The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $4.49 billion, a PE ratio of 26.28 and a beta of 0.78. The business's 50 day moving average is $55.85 and its 200 day moving average is $55.24.
American Equity Investment Life (NYSE:AEL - Get Free Report) last released its earnings results on Wednesday, February 14th. The financial services provider reported $1.99 EPS for the quarter, beating analysts' consensus estimates of $1.75 by $0.24. American Equity Investment Life had a return on equity of 25.15% and a net margin of 7.42%. The firm had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $673.53 million. During the same quarter in the prior year, the firm posted $1.64 earnings per share. The company's quarterly revenue was up 61.7% on a year-over-year basis. On average, equities research analysts predict that American Equity Investment Life Holding will post 7.11 earnings per share for the current fiscal year.
American Equity Investment Life Increases Dividend
The firm also recently announced an annual dividend, which was paid on Monday, April 29th. Stockholders of record on Monday, April 15th were given a dividend of $0.38 per share. This represents a dividend yield of 0.68%. This is an increase from American Equity Investment Life's previous annual dividend of $0.02. The ex-dividend date was Friday, April 12th. American Equity Investment Life's dividend payout ratio (DPR) is 17.76%.
Institutional Investors Weigh In On American Equity Investment Life
Several large investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of American Equity Investment Life in the 3rd quarter worth $550,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in American Equity Investment Life by 12.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,888 shares of the financial services provider's stock worth $584,000 after acquiring an additional 1,176 shares during the period. TD Asset Management Inc grew its holdings in American Equity Investment Life by 11.9% during the 3rd quarter. TD Asset Management Inc now owns 75,100 shares of the financial services provider's stock worth $4,028,000 after acquiring an additional 8,000 shares in the last quarter. TIAA Trust National Association purchased a new position in American Equity Investment Life during the 3rd quarter valued at about $3,099,000. Finally, Assetmark Inc. lifted its position in shares of American Equity Investment Life by 3.7% in the 3rd quarter. Assetmark Inc. now owns 27,314 shares of the financial services provider's stock worth $1,465,000 after purchasing an additional 966 shares during the period. 94.98% of the stock is owned by hedge funds and other institutional investors.
About American Equity Investment Life
(
Get Free Report)
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.
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