American Equity Investment Life Holding Company (AEL)

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has removed from under review with developing implications and downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a+” (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of American National Insurance Company (ANICO) and its affiliates, American National Life Insurance Company of Texas and American National Life Insurance Company of New York (Glenmont, NY). These companies are referred to colle.

Avista Co. (NYSE:AVA – Get Free Report) announced a quarterly dividend on Wednesday, May 1st, Wall Street Journal reports. Stockholders of record on Thursday, May 23rd will be given a dividend of 0.475 per share by the utilities provider on Friday, June 14th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date is Wednesday, May 22nd. Avista has increased its dividend payment by an average of 4.3% per year over the last three years and has increased its dividend annually for the last 22 consecutive years. Avista has a payout ratio of 73.1% indicating that its dividend is sufficiently covered by earnings. Avista Price Performance Shares of AVA stock opened at $38.38 on Monday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.97 and a quick ratio of 0.69. The company has a market capitalization of $3.00 billion, a PE ratio of 15.93 and a beta of 0.48. The firm’s 50-day moving average is $35.38 and its two-hundred day moving average is $34.81. Avista has a 12 month low of $30.53 and a 12 month high of $43.22. Avista (NYSE:AVA – Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.09). Avista had a net margin of 9.96% and a return on equity of 7.65%. The company had revenue of $594.90 million during the quarter, compared to analysts’ expectations of $469.34 million. During the same quarter last year, the firm posted $0.73 earnings per share. The firm’s quarterly revenue was up 29.3% on a year-over-year basis. Analysts predict that Avista will post 2.46 earnings per share for the current year. Analysts Set New Price Targets A number of research analysts have commented on the company. Mizuho upgraded Avista from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $32.00 to $36.00 in a research note on Friday, May 3rd. Guggenheim raised Avista from a “sell” rating to a “neutral” rating and set a $34.00 target price on the stock in a research note on Monday, January 22nd. Finally, StockNews.com raised Avista from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Four investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, Avista currently has an average rating of “Hold” and an average price target of $35.00. Get Our Latest Stock Report on Avista Avista Company Profile (Get Free Report) Avista Corporation, together with its subsidiaries, operates as an electric and natural gas utility company. It operates in two segments, Avista Utilities and AEL&P. The Avista Utilities segment provides electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho; and natural gas distribution services in parts of northeastern and southwestern Oregon, as well as generates electricity in Washington, Idaho, Oregon, and Montana.

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 (NYSE/ TSX: BNRE) is acquiring American Equity Investment Life Holding Company in a deal expected to be completed prior to the open on May 3.

WEST DES MOINES, Iowa--(BUSINESS WIRE)--Brookfield Reinsurance and AEL Announce Expected Closing Date for Brookfield Reinsurance's Acquisition of AEL.

CHICAGO--(BUSINESS WIRE)--The Private Credit team of Adams Street Partners, LLC (“Adams Street”), a private markets investment firm with more than $58 billion in assets under management, today announced the final closing of a $1 billion middle market collateralized loan obligation (“CLO”), ASP Summa. The CLO is a first for Adams Street and was structured in partnership with American Equity Investment Life Insurance Company (“American Equity Life”) (NYSE: AEL), a leading issuer of fixed index an.

American Equity (AEL) reported earnings 30 days ago. What's next for the stock?

American Equity's (AEL) Q4 results reflect increased annuity product charges, improved investment income and other revenues, offset by lower premiums and higher expenses.

While the top- and bottom-line numbers for American Equity (AEL) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

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 of fixed index annuities remained strong supported by the company's continued emphasis on its guaranteed retirement income product offerings. American Equity's President and CEO, Anant Bhalla stated: "Supported by our strategy flywheel, American Equity had an outstanding 2023 capped off by our str.

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 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 Serie.

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The 2014-2024 inflation rate is showing similarities to the 1966-1976 pattern, raising concerns about the potential reignition of inflation. The Federal Reserve may be hesitant to make the same mistake as in the 1970s due to various factors, including awareness of past errors and the potential loss of faith in the US dollar. Fixed-to-floating preferred stocks may present an opportunity for investors, particularly those likely to be called this year at a >20% yield to call.

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Here is how American Equity Investment (AEL) and Federal Agricultural Mortgage (AGM) have performed compared to their sector so far this year.

Here is how American Equity Investment (AEL) and Federal Agricultural Mortgage (AGM) have performed compared to their sector so far this year.

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 celebrate the 20th anniversary of its listing on the New York Stock Exchange (NYSE) by ringing the NYSE Opening Bell on Friday, December 8, 2023. President and CEO Anant Bhalla will be joined by members of American Equity's Board of Directors and management team to commemorate the occasion. “We are.