Shares of American Equity Investment Life Holding (NYSE:AEL - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 1,216,016 shares traded hands during trading, an increase of 118% from the previous session's volume of 558,486 shares.The stock last traded at $56.10 and had previously closed at $56.11.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on AEL shares. Keefe, Bruyette & Woods raised their price objective on American Equity Investment Life from $55.00 to $56.00 and gave the stock a "market perform" rating in a research note on Friday, February 16th. StockNews.com assumed coverage on American Equity Investment Life in a research report on Monday, March 11th. They issued a "hold" rating for the company. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, American Equity Investment Life currently has a consensus rating of "Hold" and a consensus price target of $52.50.
Read Our Latest Research Report on AEL
American Equity Investment Life Trading Up 0.1 %
The company has a debt-to-equity ratio of 0.28, a current ratio of 0.34 and a quick ratio of 0.34. The company has a fifty day moving average of $55.85 and a 200-day moving average of $55.24. The firm has a market capitalization of $4.46 billion, a PE ratio of 26.25 and a beta of 0.80.
American Equity Investment Life (NYSE:AEL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $673.53 million. During the same period last year, the company earned $1.64 earnings per share. American Equity Investment Life's quarterly revenue was up 61.7% compared to the same quarter last year. On average, sell-side analysts anticipate 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 company also recently disclosed an annual dividend, which was paid on Monday, April 29th. Investors of record on Monday, April 15th were issued a dividend of $0.38 per share. This represents a dividend yield of 0.68%. This is a positive change from American Equity Investment Life's previous annual dividend of $0.02. The ex-dividend date of this dividend was Friday, April 12th. American Equity Investment Life's dividend payout ratio (DPR) is currently 17.76%.
Hedge Funds Weigh In On American Equity Investment Life
Institutional investors have recently bought and sold shares of the stock. NBC Securities Inc. bought a new position in American Equity Investment Life during the third quarter valued at about $30,000. Journey Strategic Wealth LLC bought a new position in shares of American Equity Investment Life in the fourth quarter worth about $207,000. NDVR Inc. bought a new position in shares of American Equity Investment Life in the fourth quarter worth about $225,000. Kapitalo Investimentos Ltda increased its stake in shares of American Equity Investment Life by 300.8% in the fourth quarter. Kapitalo Investimentos Ltda now owns 4,140 shares of the financial services provider's stock worth $231,000 after purchasing an additional 3,107 shares during the period. Finally, Pathstone Family Office LLC bought a new position in shares of American Equity Investment Life in the third quarter worth about $230,000. 94.98% of the stock is currently owned by 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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