A Detailed Analysis Of American Equity Investment Life Holding Company (AEL) – Marketing Sentinel
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A Detailed Analysis Of American Equity Investment Life Holding Company (AEL)

American Equity Investment Life Holding Company (NYSE:AEL) has a beta value of 1.19 and has seen 0.43 million shares traded in the last trading session. The company, currently valued at $2.99B, closed the last trade at $32.35 per share which meant it gained $0.07 on the day or 0.22% during that session. The AEL stock price is -5.87% off its 52-week high price of $34.25 and 41.08% above the 52-week low of $19.06. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.32 million shares traded. The 3-month trading volume is 458.17K shares.

The consensus among analysts is that American Equity Investment Life Holding Company (AEL) is an Overweight stock at the moment, with a recommendation rating of 2.60. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 5 out of 9 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.5.

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American Equity Investment Life Holding Company (NYSE:AEL) trade information

Sporting 0.22% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the AEL stock price touched $32.35 or saw a rise of 1.01%. Year-to-date, American Equity Investment Life Holding Company shares have moved 16.96%, while the 5-day performance has seen it change 2.31%. Over the past 30 days, the shares of American Equity Investment Life Holding Company (NYSE:AEL) have changed 2.73%. Short interest in the company has seen 2.61 million shares shorted with days to cover at 4.69.

Wall Street analysts have a consensus price target for the stock at $35.11, which means that the shares’ value could jump 7.86% from current levels. The projected low price target is $31.00 while the price target rests at a high of $39.00. In that case, then, we find that the current price level is -20.56% off the targeted high while a plunge would see the stock lose 4.17% from current levels.

American Equity Investment Life Holding Company (AEL) estimates and forecasts

Figures show that American Equity Investment Life Holding Company shares have underperformed across the wider relevant industry. The company’s shares have gained 5.72% over the past 6 months, with this year growth rate of -54.06%, compared to 14.90% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -50.50% and 127.90% for the next quarter. Revenue growth from the last financial year stood is estimated to be -2.90%.

4 analysts offering their estimates for the company have set an average revenue estimate of $499.32 million for the current quarter. 5 have an estimated revenue figure of $491.5 million for the next quarter concluding in Sep 2021. Year-ago sales stood $543.7 million and $559.83 million respectively for this quarter and the next, and analysts expect sales will shrink by -8.20% for the current quarter and -12.20% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 20.50% over the past 5 years. Earnings growth for 2021 is a modest 157.50% while over the next 5 years, the company’s earnings are expected to decrease by -5.77%.

AEL Dividends

American Equity Investment Life Holding Company is expected to release its next earnings report between October 27 and November 01 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.32 at a share yield of 0.99%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 1.03%.

American Equity Investment Life Holding Company (NYSE:AEL)’s Major holders

Insiders own 1.82% of the company shares, while shares held by institutions stand at 97.44% with a share float percentage of 99.25%. Investors are also buoyed by the number of investors in a company, with American Equity Investment Life Holding Company having a total of 337 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 13.76 million shares worth more than $433.9 million. As of Mar 30, 2021, Blackrock Inc. held 14.42% of shares outstanding.

The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 10.63 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $335.14 million and represent 11.14% of shares outstanding.

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Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. As of May 30, 2021, the former fund manager holds about 6.04% shares in the company for having 5.76 million shares of worth $175.72 million while later fund manager owns 2.7 million shares of worth $85.13 million as of Mar 30, 2021, which makes it owner of about 2.83% of company’s outstanding stock.

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