Jefferies initiated coverage on American Equity Inv with a new price target
$AEL
Life Insurance
Finance
Jefferies initiated coverage of American Equity Inv with a rating of Hold and set a new price target of $42.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/14/2023 | $55.00 | Buy → Hold | Truist |
| 6/28/2023 | Strong Buy → Mkt Perform | Raymond James | |
| 2/21/2023 | $45.00 → $48.00 | Overweight → Neutral | Piper Sandler |
| 12/19/2022 | $48.00 | Outperform → Strong Buy | Raymond James |
| 8/15/2022 | $42.00 → $44.00 | Outperform → In-line | Evercore ISI |
| 7/22/2022 | $43.00 → $38.00 | Outperform → Neutral | Credit Suisse |
| 7/13/2022 | $43.00 → $41.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 6/28/2022 | $43.00 | Outperform | Credit Suisse |
Truist downgraded American Equity Investment Life from Buy to Hold and set a new price target of $55.00
Raymond James downgraded American Equity Investment Life from Strong Buy to Mkt Perform
Piper Sandler downgraded American Equity Investment Life from Overweight to Neutral and set a new price target of $48.00 from $45.00 previously
Company Highlights Fourth quarter 2023 net loss available to common stockholders of $(475.9) million, or $(6.04) per diluted common share compared to net income of $21.7 million, or $0.25 per diluted common share for fourth quarter 2022 restated for the adoption of Accounting Standards Update 2018-12 — more commonly known as Long Duration Targeted Improvements (LDTI) Full year 2023 net income available to common stockholders of $166.9 million, or $2.06 per diluted common share compared to net income of $1.9 billion, or $20.50 per diluted common for full year 2022 restated for the adoption of LDTI Non-GAAP operating income available to common stockholders1 for the fourth quarter a
American Equity Investment Life Holding Company (NYSE:AEL), today announced that in accordance with the terms of its 5.95% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series A (the "Series A Preferred Stock"), which is represented by depositary shares, each representing a 1/1,000th interest in a share of Series A Preferred Stock (the "Series A Depositary Shares"), the Board of Directors has declared a cash dividend of $371.8750000 per share of Series A Preferred Stock (equivalent to $0.371875000 per Series A Depositary Share). The dividend will be payable on March 1, 2024 to Series A Preferred Stock shareholders of record as of February 15, 2024. Depositary receipts for the Series A Pr
Company Highlights Third quarter 2023 net income available to common stockholders of $465.2 million, or $5.82 per diluted common share compared to net income of $434.0 million, or $4.90 per diluted common share for third quarter 2022 restated for the adoption of Accounting Standards Update 2018-12 — more commonly known as Long Duration Targeted Improvements or LDTI Non-GAAP operating income available to common stockholders1 for the third quarter 2023 was $195.5 million, or $2.45 per diluted common share; Notable items2 positively impacted results in the quarter by $21.0 million, or $0.26 per share, after-tax On a trailing twelve-month basis, GAAP return on equity of 47.3% and non
AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of North End Re (Cayman) SPC (Cayman Islands) (NERC). Following the recent closure of Brookfield Reinsurance Ltd.'s (NYSE:BNRE, BNRE.A])) acquisition of American Equity Investment Life Holding Company (AEL) (NYSE:AEL), the strategy for subsidiary NERC is under review by AM Best. In 2021, prior to the acquisition, NERC entered into a reinsurance agreement with AEL affiliate American Equity Investment Life Insurance Company, whereby NERC agreed to assume up to $10 billion of fixed deferred annuities. NERC has managed the assu
NEW YORK, May 1, 2024 /PRNewswire/ -- IAC Inc. (NASD: IAC) will replace American Equity Investment Life Holding Company (NYSE:AEL) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, May 6. Brookfield Reinsurance (TSX:BNRE) is acquiring American Equity Investment Life Holding Company in a deal expected to be completed prior to the open on May 3. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector May 6, 2024 S&P SmallCap 600 Addition IAC IAC Communication Services S&P SmallCap 600 Deletion American Equity Investment Life Holdings AEL Fin
Brookfield Reinsurance ((NYSE, TSX:BNRE) and American Equity Investment Life Holding Company (NYSE:AEL) ("AEL") today announced that the previously announced acquisition of AEL by Brookfield Reinsurance is expected to close following the close of market on May 2, 2024. About AEL At American Equity Investment Life Holding Company, our policyholders work with over 40,000 independent agents and advisors affiliated with independent market organizations (IMOs), banks and broker-dealers through our wholly-owned operating subsidiaries. Advisors and agents choose one of our leading annuity products best suited for their clients' personal needs to create financial dignity in retirement. To deliv
NEW YORK, May 1, 2024 /PRNewswire/ -- IAC Inc. (NASD: IAC) will replace American Equity Investment Life Holding Company (NYSE:AEL) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, May 6. Brookfield Reinsurance (TSX:BNRE) is acquiring American Equity Investment Life Holding Company in a deal expected to be completed prior to the open on May 3. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector May 6, 2024 S&P SmallCap 600 Addition IAC IAC Communication Services S&P SmallCap 600 Deletion American Equity Investment Life Holdings AEL Fin
American Equity Investment Life Holding Company ("American Equity") (NYSE:AEL), a leading provider of financial dignity solutions through general account annuities, today announced the appointment of Mike Hayes to its Board as an independent director. Following the appointment of Mr. Hayes, the Board will be comprised of 10 directors, eight of whom are independent. "I am pleased to welcome Mike Hayes to the American Equity Board. Mike brings significant operating experience in both the financial services and technology industries, as well as a strong track record of designing and overseeing operations to drive best-in-class customer value propositions and strategic execution," said David
BROOKFIELD, NEWS, Nov. 11, 2021 (GLOBE NEWSWIRE) -- Brookfield Asset Management Reinsurance Partners Ltd. ("Brookfield Reinsurance") ((NYSE, TSX:BAMR) today announced financial results for the quarter ended September 30, 2021. Sachin Shah, CEO of Brookfield Reinsurance, stated, "We continue to make significant progress in advancing our priorities with a focus on executing our previously announced transactions. Since we last reported, we have closed on a number of reinsurance and pension risk transfer opportunities, increasing our assets under management to $8 billion. Through our strategic partnership with Brookfield, we have successfully redeployed a significant portion of th
4 - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Issuer)
4 - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Issuer)
- SEC Filing
American Equity Inv (NYSE:AEL) reported quarterly earnings of $1.99 per share which beat the analyst consensus estimate of $1.75 by 13.71 percent. This is a 151.9 percent increase over earnings of $0.79 per share from the same period last year. The company reported quarterly sales of $582.18 million which beat the analyst consensus estimate of $573.17 million by 1.57 percent. This is a 8.21 percent increase over sales of $538.00 million the same period last year.
4 - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Issuer)
4 - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Issuer)
4 - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Issuer)
15-12G - American National Group Inc. (0001039828) (Filer)
10-Q - American National Group Inc. (0001039828) (Filer)
8-K - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Filer)
SC 13G - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Subject)
SC 13G/A - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Subject)
SC 13G/A - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Subject)