American Equity Investment Life Holding (AEL)
(Real Time Quote from BATS)
$55.39 USD
+0.25 (0.45%)
Updated Apr 19, 2024 03:43 PM ET
3-Hold of 5 3
B Value D Growth B Momentum C VGM
Company Summary
Incorporated in the state of Iowa on Dec 15, 1995, American Equity Investment Life Insurance Company is a leader in the development and sale of fixed index and fixed rate annuity products. The company issue fixed annuity products through its wholly-owned life insurance subsidiaries, American Equity Investment Life Insurance Company, American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company.
Annuities offer policyholders a tax-deferred means of accumulating retirement savings, as well as a reliable source of income during the payout period.
American Equity ...
Company Summary
Incorporated in the state of Iowa on Dec 15, 1995, American Equity Investment Life Insurance Company is a leader in the development and sale of fixed index and fixed rate annuity products. The company issue fixed annuity products through its wholly-owned life insurance subsidiaries, American Equity Investment Life Insurance Company, American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company.
Annuities offer policyholders a tax-deferred means of accumulating retirement savings, as well as a reliable source of income during the payout period.
American Equity Investment Life Insurance Company’s products include Fixed index annuities, Annual reset fixed rate annuities, Multi-year fixed rate annuities and Single premium immediate annuities.
American Equity markets its products through a variable cost distribution network, including independent agents through national marketing organizations, broker/dealers, banks and registered investment advisors.
Investment activities are an integral part of the company’s business, and net investment income is a significant component of total revenues. Profitability of annuity products is significantly affected by spreads between interest yields on investments, the cost of options to fund the index credits on fixed index annuities and rates credited on fixed-rate annuities and the fixed rate strategy in fixed index annuities.
Brookfield Asset Management will buy 19.9% ownership in American Equity will be in two stages. Brookfield will acquire 9.9% stake for $37.00 per share post Hart-Scott-Rodino approval. The remaining 10% will be acquired for $37.00 per share or adjusted book value per share (excluding AOCI and the net impact of fair value accounting for derivatives and embedded derivatives), whichever is more.
General Information
American Equity Investment Life Holding Company
6000 Westown Parkway
West Des Moines, IA 50266
Phone: 515-221-0002
Fax: 515-226-3129
Web: http://www.american-equity.com
Email: sschwartz@american-equity.com
| Industry | Insurance - Life Insurance |
| Sector | Finance |
| Fiscal Year End | December |
| Last Reported Quarter | 3/31/2024 |
| Exp Earnings Date | 5/13/2024 |
EPS Information
| Current Quarter EPS Consensus Estimate | 1.70 |
| Current Year EPS Consensus Estimate | 7.11 |
| Estimated Long-Term EPS Growth Rate | NA |
| Exp Earnings Date | 5/13/2024 |
Price and Volume Information
| Zacks Rank |  |
| Yesterday's Close | 55.14 |
| 52 Week High | 56.40 |
| 52 Week Low | 36.69 |
| Beta | 0.80 |
| 20 Day Moving Average | 598,089.94 |
| Target Price Consensus | 55.25 |
| 4 Week | -1.94 |
| 12 Week | -0.68 |
| YTD | -1.18 |
| 4 Week | 2.57 |
| 12 Week | -3.00 |
| YTD | -5.94 |
| Shares Outstanding (millions) | 79.40 |
| Market Capitalization (millions) | 4,378.12 |
| Short Ratio | NA |
| Last Split Date | NA |
| Dividend Yield | 0.69% |
| Annual Dividend | $0.38 |
| Payout Ratio | 0.00 |
| Change in Payout Ratio | -0.05 |
| Last Dividend Payout / Amount | 4/12/2024 / $0.38 |
Fundamental Ratios
| P/E (F1) | 7.76 |
| Trailing 12 Months | 7.32 |
| PEG Ratio | NA |
| vs. Previous Year | 151.90% |
| vs. Previous Quarter | -18.78% |
| vs. Previous Year | 61.22% |
| vs. Previous Quarter | 295.70% |
| Price/Book | 1.43 |
| Price/Cash Flow | 3.84 |
| Price / Sales | 1.54 |
| 3/31/24 | NA |
| 12/31/23 | 25.15 |
| 9/30/23 | 23.12 |
| 3/31/24 | NA |
| 12/31/23 | 0.84 |
| 9/30/23 | 0.74 |
| 3/31/24 | NA |
| 12/31/23 | 0.34 |
| 9/30/23 | 0.36 |
| 3/31/24 | NA |
| 12/31/23 | 0.34 |
| 9/30/23 | 0.36 |
| 3/31/24 | NA |
| 12/31/23 | 22.95 |
| 9/30/23 | 22.96 |
| 3/31/24 | NA |
| 12/31/23 | 7.42 |
| 9/30/23 | 26.98 |
| 3/31/24 | NA |
| 12/31/23 | 10.47 |
| 9/30/23 | 36.74 |
| 3/31/24 | NA |
| 12/31/23 | 38.57 |
| 9/30/23 | 26.52 |
| 3/31/24 | NA |
| 12/31/23 | NA |
| 9/30/23 | NA |
| 3/31/24 | NA |
| 12/31/23 | 0.28 |
| 9/30/23 | 0.42 |
| 3/31/24 | NA |
| 12/31/23 | 22.10 |
| 9/30/23 | 29.43 |