Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY

(AEL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

American Equity Investment Life : Material Event - Form 8-K

11/22/2021 | 06:55am EST

ael-20211119


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 19, 2021
AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY
(Exact name of registrant as specified in its charter)
Iowa 001-31911 42-1447959
(State or other jurisdiction
of incorporation)
(Commission File Number) (IRS Employer
Identification No.)
6000 Westown Parkway
West Des Moines, IA50266
(Address of principal executive offices and zip code)
(515) 221-0002
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
Common stock, par value $1 AEL New York Stock Exchange
Depositary Shares, each representing a 1/1,000th interest in a share of 5.95% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series A AELPRA New York Stock Exchange
Depositary Shares, each representing a 1/1,000th interest in a share of 6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series B AELPRB New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933
(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.




Item 8.01 Other Events.
On November 19, 2021, the American Equity Investment Life Holding Company ("Company") Board of Directors (the "Board") authorized repurchase of up to $500 million of Company common stock, in addition to any amounts remaining under any other repurchase authorizations. The Company is not required to repurchase at specific prices or times.
The Board also declared a cash dividend on November 19, 2021 of $0.34 per share to Company common stockholders as of the close of NYSE trading on November 29, 2021, payable December 13, 2021.


SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY
Date: November 22, 2021 By: /s/ Phyllis Zanghi
Phyllis Zanghi
Executive Vice President and Chief Legal Officer

Disclaimer

American Equity Investment Life Holding Company published this content on 22 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 November 2021 11:54:03 UTC.


ę Publicnow 2021
All news about AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY
01/12American Equity Schedules Fourth Quarter 2021 Earnings Release, Conference Call and Web..
BU
01/12RBC Raises American Equity Investment Life's Price Target to $47 From $41 Amid Boosted ..
MT
01/11INSIDER SELL : American Equity Investment Life Holding
MT
01/07BROOKFIELD BRIEF : Brookfield Reinsurance Increases Stake in American Equity Investment Li..
MT
01/07Brookfield Reinsurance Increases Stake in American Equity Investment Life Holding Compa..
AQ
01/05Piper Sandler Upgrades American Equity Investment Life to Overweight From Neutral; Pric..
MT
01/05Evercore ISI Upgrades American Equity Investment Life to Outperform From In-Line, Adjus..
MT
01/03AMERICAN EQUITY INVESTMENT LIFE HOLD : Other Events (form 8-K)
AQ
2021INSIDER SELL : American Equity Investment Life Holding
MT
2021American Equity Investment Life Shares Higher After Keefe Bruyette Upgrade to Outperfor..
MT
More news
Analyst Recommendations on AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY
More recommendations
Financials (USD)
Sales 2021 2 354 M - -
Net income 2021 396 M - -
Net Debt 2021 - - -
P/E ratio 2021 10,4x
Yield 2021 0,78%
Capitalization 4 341 M 4 341 M -
Capi. / Sales 2021 1,84x
Capi. / Sales 2022 1,74x
Nbr of Employees 656
Free-Float 88,6%
Chart AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY
Duration : Period :
American Equity Investment Life Holding Company Technical Analysis Chart | AEL | US0256762065 | MarketScreener
Technical analysis trends AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 43,72 $
Average target price 44,00 $
Spread / Average Target 0,64%
EPS Revisions
Managers and Directors
Anant Bhalla President, Chief Executive Officer & Director
Axel AndrÚ Executive Vice President & Chief Financial Officer
David S. Mulcahy Non-Executive Chairman
James Michael Gerlach Independent Director
Alonzo J. Lonnie Strickland Independent Director