American Equity Investment Life Holding Shows Improved Relative Price Performance, But Still Shy of Benchmark
June 10, 2023
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American Equity Investment ($NYSE:AEL) Life Holding Co. (AEL) specializes in providing a variety of insurance products, such as life insurance, annuities, and supplemental health products. On Wednesday, AEL’s relative price performance was encouraging, with its Relative Strength Rating increasing from 63 to 72. This indicates that the stock has been performing better relative to the overall market in recent weeks.
However, AEL has yet to reach the benchmark. This is why it is so important to consider relative price performance when analyzing potential investments. When assessing a stock, investors should not only pay attention to its absolute performance but also take into account how it is performing relative to other stocks in the same sector or index. This metric is often a good indicator of how much upside potential a stock has compared to its peers. Therefore, investors should pay close attention to a stock’s relative performance when making decisions related to investments.
Price History
American Equity Investment Life Holding (AEL) had a relatively improved price performance on Thursday, as the stock opened at $42.6 and closed at $42.4, a decrease of 0.9% from the previous closing price of 42.8.
However, AEL still remains shy of the benchmark set by its peers. Despite the improvement, AEL’s relative performance against the overall market remains below the benchmark. Analysts have expressed mixed views on the performance of AEL for the day, with some noting that the stock was somewhat resilient in the face of market headwinds. On the other hand, some have pointed out that the stock is still lagging behind its peers in terms of relative performance. Overall, AEL has had a relatively improved performance on Thursday, but is still shy of the benchmark set by its peers. With increased focus on overall market conditions, it is likely that AEL’s performance could improve in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for AEL. More…
| Total Revenues | Net Income | Net Margin |
| 2.31k | 455.05 | 21.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for AEL. More…
| Operations | Investing | Financing |
| 2.04k | -2.45k | -2.18k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for AEL. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 74.5k | 71.87k | 33.51 |
Key Ratios Snapshot
Some of the financial key ratios for AEL are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -5.1% | – | 54.1% |
| FCF Margin | ROE | ROA |
| 86.7% | 27.1% | 1.0% |
Analysis
At GoodWhale, we are dedicated to providing investors with comprehensive analysis of financials. We have conducted an analysis on American Equity Investment Life Holding’s financials and results suggest that the company is classified as a ‘cow’ type company. This type of company usually demonstrates a track record of paying out consistent and sustainable dividends. Investors who are looking for steady returns and are risk-averse may be interested in investing in this company. We also find that American Equity Investment Life Holding has an intermediate health score of 6/10; indicating that the company is likely to pay off its debt and fund future operations. Further, we have classified the company’s performance in terms of dividend, asset and growth, profitability as strong, medium and weak, respectively. More…
Peers
The company’s products include fixed index annuities, fixed rate annuities, and variable annuities. American Equity Investment Life Holding Co operates through two segments: Life Insurance and Annuities. The Life Insurance segment provides whole life insurance, term life insurance, and universal life insurance products. The Annuities segment provides fixed and variable annuity products. American Equity Investment Life Holding Co has a market capitalization of $3.6 billion. The company’s competitors include Genworth Financial Inc, T&D Holdings Inc, and Midwest Holding Inc.
– Genworth Financial Inc ($NYSE:GNW)
With a market cap of $2.24B as of 2022, Genworth Financial Inc has a ROE of 6.09%. The company is a financial services organization that offers a variety of products and services, including life insurance, long-term care insurance, mortgage insurance, and annuities. Genworth has a long history dating back to 1871 and is a Fortune 500 company. The company’s products are sold in more than 25 countries and territories. Genworth is committed to helping families secure their financial future and live their best lives.
– T&D Holdings Inc ($TSE:8795)
T&D Holdings Inc is a Japanese electrical equipment manufacturer. The company operates in three segments: Transmission and Distribution Systems, Power Systems, and Smart Community Systems. The Transmission and Distribution Systems segment offers power transmission and distribution equipment, including transformers, circuit breakers, and switchgear. The Power Systems segment provides power generation equipment, such as gas turbines, diesel generators, and fuel cells. The Smart Community Systems segment offers smart grid technologies and solutions, including smart meters, demand response management systems, and energy storage systems.
– Midwest Holding Inc ($NASDAQ:MDWT)
Midwest Holding Inc is a financial holding company that operates through its subsidiaries. The company has a market cap of 53.97M as of 2022 and a Return on Equity of -16.6%. The company provides a range of banking and financial services to its customers. These services include personal and commercial banking, lending, wealth management, and insurance. The company serves its customers through a network of branches and ATMs located in Illinois, Indiana, and Michigan.
Summary
American Equity Investment Life Holding has shown improved relative price performance in the market recently. On Wednesday, the company saw a significant increase in its Relative Strength Rating from 63 to 72. This suggests that investors who have invested in the company may experience better returns in comparison to the benchmark index. However, the company is still shy of the benchmark and may need to do more to increase its market performance.
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