American Equity Investment Life Holding Company (AEL)

NYSE: AEL · IEX Real-Time Price · USD
55.46
-0.16 (-0.29%)
Mar 4, 2024, 4:00 PM EST - Market closed
-0.29%
Market Cap 4.41B
Revenue (ttm) 2.84B
Net Income (ttm) 166.86M
Shares Out 79.40M
EPS (ttm) 2.06
PE Ratio 26.92
Forward PE 9.63
Dividend n/a
Ex-Dividend Date n/a
Volume 341,825
Open 55.43
Previous Close 55.62
Day's Range 55.37 - 55.67
52-Week Range 31.57 - 56.09
Beta 0.79
Analysts Hold
Price Target 50.60 (-8.76%)
Earnings Date Feb 14, 2024

About AEL

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. American Equity Investment Life Holding Company was incorporated in 1995 and is based in West Des Moines, Iowa. [Read more]

Sector Financials
IPO Date Dec 4, 2003
Employees 995
Stock Exchange NYSE
Ticker Symbol AEL
Full Company Profile

Financial Performance

In 2023, AEL's revenue was $2.84 billion, an increase of 100.59% compared to the previous year's $1.41 billion. Earnings were $166.86 million, a decrease of -91.11%.

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for AEL stock is "Hold." The 12-month stock price forecast is $50.6, which is a decrease of -8.76% from the latest price.

Price Target
$50.6
(-8.76% downside)
Analyst Consensus: Hold
Stock Forecasts

News

American Equity Reports Record $7+ Billion Annual FIA Sales and Strong Financial Results to Cap a Historic 2023

WEST DES MOINES, Iowa--(BUSINESS WIRE)--American Equity Investment Life Holding Company (NYSE: AEL), a leading issuer of fixed index annuities, today reported strong fourth quarter 2023 results. Sales...

19 days ago - Business Wire

American Equity Declares 1st Quarter 2024 Preferred Stock Dividend

WEST DES MOINES, Iowa--(BUSINESS WIRE)--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 Pref...

4 weeks ago - Business Wire

American Equity Celebrates 20th Anniversary of NYSE Listing

WEST DES MOINES, Iowa--(BUSINESS WIRE)--American Equity Investment Life Holding Company (“American Equity”) (NYSE: AEL), a leading issuer of fixed index annuities (FIAs), today announced that it will ...

3 months ago - Business Wire

American Equity Reports Record Non-GAAP Operating ROE1 and FIA Sales as the AEL 2.0 Strategy Delivers with 25% Allocation to Private Assets and Nearly 20% "Fee-Earning" Reinsured Balances

WEST DES MOINES, Iowa--(BUSINESS WIRE)--American Equity Investment Life Holding Company (NYSE: AEL), a leading issuer of fixed index annuities (FIAs), today reported its third quarter 2023 results. Sa...

4 months ago - Business Wire

American Equity Declares 4th Quarter 2023 Preferred Stock Dividend

WEST DES MOINES, Iowa--(BUSINESS WIRE)--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 Pref...

4 months ago - Business Wire

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against American Equity Investment Life Holding Company and Encourages to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / October 19, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in American Equit...

4 months ago - Accesswire

American Equity Announces Record Total Enterprise Sales1 of $2.2 Billion in Third Quarter and Expected Date of Third Quarter 2023 Earnings Results

WEST DES MOINES, Iowa--(BUSINESS WIRE)--American Equity Investment Life Holding Company (NYSE: AEL) (“AEL”) today announced that its third-quarter 2023 sales totaled $2.2 billion, substantially all of...

4 months ago - Business Wire

Billboard Near Insurance Regulator Warns Against Brookfield's Potential Takeover of American Equity Life Insurance, Citing UNITE HERE Report

DES MOINES, Iowa--(BUSINESS WIRE)--UNITE HERE launched a billboard today warning customers of American Equity Investment Life Insurance Company (NYSE:AEL), that it may be purchased by the Bermuda-base...

Other symbols: BN
5 months ago - Business Wire

SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against American Equity Investment Life Holding Company and Encourages to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / October 11, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in American Equit...

5 months ago - Accesswire

INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against American Equity Investment Life Holding Company and Encourages to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / October 7, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in American Equity...

5 months ago - Accesswire

BUYOUT ALERT: Kaskela Law LLC Announces Stockholder Investigation into Fairness of American Equity Investment Life Holding Company (NYSE: AEL) and Encourages Investors to Contact the Firm

PHILADELPHIA--(BUSINESS WIRE)--Kaskela Law LLC announces that it is investigating the fairness of the proposed buyout of American Equity Investment Life Holding Company (NYSE: AEL) (“AEL”) stockholder...

5 months ago - Business Wire

INVESTOR ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against American Equity Investment Life Holding Company and Encourages to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / October 2, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in American Equity...

5 months ago - Accesswire

STOCKHOLDER ALERT: Kaskela Law LLC Announces Investigation of American Equity Investment Life Holding Company and Encourages Investors to Contact the Firm - AEL

PHILADELPHIA , Sept. 28, 2023 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating the fairness of the proposed buyout of American Equity Investment Life Holding Company (NYSE: AEL) ("AE...

5 months ago - PRNewsWire

INVESTIGATION ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against American Equity Investment Life Holding Company and Encourages to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / September 13, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in American Equ...

6 months ago - Accesswire

IMPORTANT INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against American Equity Investment Life Holding Company and Encourages to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / August 23, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in American Equity...

6 months ago - Accesswire

American Equity Reports Further Growth in Both Earnings and Sales Momentum as Private Asset Allocation Ramps to 25%

WEST DES MOINES, Iowa--(BUSINESS WIRE)--American Equity Investment Life Holding Company (NYSE: AEL), a leading issuer of fixed index annuities (FIAs), today reported its second quarter 2023 results. S...

7 months ago - Business Wire

American Equity Declares 3rd Quarter 2023 Preferred Stock Dividend

WEST DES MOINES, Iowa--(BUSINESS WIRE)--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 Pref...

7 months ago - Business Wire

UNITE HERE Calls on Department of Labor to Update Guidance on Pension Risk Transfer, Highlights Recent Activity of Brookfield Reinsurance as Latest Reason

NEW YORK--(BUSINESS WIRE)---- $AEL #PRT--Private equity's rapid growth in the group annuity business warrants a modernization of current guidance, UNITE HERE says in written comments to DOL.

8 months ago - Business Wire

American Equity Announces Second Quarter 2023 Total Sales1 of $2 Billion and Expected Date of Second Quarter 2023 Earnings Results

WEST DES MOINES, Iowa--(BUSINESS WIRE)--American Equity Investment Life Holding Company (NYSE: AEL) (“AEL”) today announced that its second-quarter 2023 sales totaled $2 billion, the majority of which...

8 months ago - Business Wire

SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against American Equity Investment Life Holding Company and Encourages to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / July 8, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in American Equity In...

8 months ago - Accesswire

Shareholder Alert: Ademi LLP investigates whether American Equity Investment Life Holding Company has obtained a Fair Price in its transaction with Brookfield Reinsurance

MILWAUKEE , July 5, 2023 /PRNewswire/ -- Ademi LLP is investigating AEL (NYSE: AEL) for possible breaches of fiduciary duty and other violations of law in its transaction with Brookfield Reinsurance. ...

8 months ago - PRNewsWire

AEL Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of American Equity Investment Life Holding Company Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of American Equity Investment Life Holding Company (NYSE: AEL) to Brookfield Reinsurance is ...

8 months ago - Business Wire

Brookfield to buy annuities provider American Equity in $4.3 billion deal

Canadian investment firm Brookfield on Wednesday agreed to buy the remaining stake in American Equity Investment Life Holding that it did not already own, valuing the long-sought-after annuities provi...

Other symbols: BN
8 months ago - Reuters

Brookfield Reinsurance to Acquire AEL in $4.3 Billion Transaction

WEST DES MOINES, Iowa--(BUSINESS WIRE)--Brookfield Reinsurance (NYSE, TSX: BNRE) and American Equity Investment Life Holding Company (NYSE: AEL) (“AEL”) today announced that they have entered into a d...

8 months ago - Business Wire

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against American Equity Investment Life Holding Company and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / July 3, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in American Equity In...

8 months ago - Accesswire