American Equity Investment Life Holding Q4 Earnings Preview
Analysts at RBC Capital provided their outlook on American Equity Investment Life Holding Company (NYSE:AEL) ahead of the company’s Q4 results, expected to be reported in mid-February.
The brokerage raised its Q4 EPS estimate to $1.00 from $0.92 which reflects modestly lower DAC amortization, higher reserve financing savings and other small adjustments to asset flows and yield assumptions. For the full 2021-year the analysts now estimate EPS of $3.26, up from $3.18 prior, with no adjustments to their 2022 and 2023 estimates.
The analysts increased their price target on the company’s shares to $47 from $41 in view of the company's recently closed equity placement with Brookfield Reinsurance.
| Symbol | Price | %chg |
|---|---|---|
| CASA.JK | 1060 | 0.47 |
| 032830.KS | 124200 | 0.08 |
| LIFE.JK | 7050 | 0.71 |
| APIC.JK | 1065 | -0.94 |
American Equity Investment Life Holding Q4 Earnings Preview
Analysts at RBC Capital provided their outlook on American Equity Investment Life Holding Company (NYSE:AEL) ahead of the company’s Q4 results, expected to be reported in mid-February.
The brokerage raised its Q4 EPS estimate to $1.00 from $0.92 which reflects modestly lower DAC amortization, higher reserve financing savings and other small adjustments to asset flows and yield assumptions. For the full 2021-year the analysts now estimate EPS of $3.26, up from $3.18 prior, with no adjustments to their 2022 and 2023 estimates.
The analysts increased their price target on the company’s shares to $47 from $41 in view of the company's recently closed equity placement with Brookfield Reinsurance.
