American Eqty Invt Life Hld Co Stock Price, News & Analysis

American Equity Investment Life Holding Company (NYSE: AEL) has partnered with Adams Street Partners to establish a joint venture focusing on capital-efficient products in middle market credit. American Equity commits up to $2 billion to this initiative, which aims to develop secured loans for U.S. middle market private firms backed by private equity. The collaboration intends to create investment vehicles managed by a newly formed company, using Adams Street's expertise in private markets, which currently manages $44 billion in assets.

Eagle Life Insurance Company has appointed Bryan Albert as the new Head of Sales effective Feb. 9, 2021. Reporting to President Graham Day, Albert will oversee sales teams, ensuring alignment between sales and marketing strategies. His nearly 25 years of experience, particularly from Prudential Financial, is expected to enhance sales leadership and client engagement. Albert's role will involve product evolution, contributing to Eagle Life's growth goals as part of the overarching AEL 2.0 strategy.

American Equity Investment Life Holding Company (NYSE: AEL) declared cash dividends for its Series A and Series B Preferred Stock. The dividend for Series A is set at $371.875 per share ($0.371875 per depositary share), while Series B is $414.0625 per share ($0.4140625 per depositary share). Both dividends will be payable on March 1, 2021, to shareholders of record as of February 15, 2021. The Series A and B Depositary Shares are listed on NYSE under the symbols AELPRA and AELPRB respectively.

American Equity Investment Life Holding Company (NYSE: AEL) is set to release its fourth quarter 2020 earnings on February 17, 2021, post-market close. The earnings report and financial supplement will be available on their official website. Following this, a conference call will take place on February 18, 2021, at 8:00 a.m. CT to discuss the results. Stakeholders can join via phone or listen to the webcast on their website. An audio replay will also be accessible until February 25, 2021.

American Equity Investment Life Holding Company (NYSE: AEL) has appointed Tolga Uzuner as the new Chief Investment Officer (CIO) for Asset Management. Uzuner will lead the company's alpha asset strategy and develop its subsidiary asset management firm. He will work alongside co-CIO Jim Hamalainen and CRO Jeff Lorenzen to enhance investment management capabilities. Uzuner brings extensive experience from previous roles at JP Morgan Chase and Apollo Global Management, which will support American Equity's 2.0 investment management strategy.

Eagle Life Insurance Company has appointed Gregory Alberti as Head of National Accounts, effective January 5, 2021. In his new role, Alberti will oversee distribution relationships and new business development, reporting to President Graham Day. With nearly 25 years in the financial services sector, Alberti previously held leadership positions at Protective Life Insurance and Great West, where he advanced distribution channels. His expertise aligns with Eagle Life's strategy to enhance partnerships in the annuities market.

American Equity Investment Life Holding Company (NYSE: AEL) will present at the Goldman Sachs 2020 US Financial Services Virtual Conference on December 9 at 8:00 a.m. ET. The presentation will feature CEO Anant Bhalla and CFO Ted Johnson, discussing the company's position as a leading issuer of fixed index annuities. Interested parties can access the webcast on American Equity's website. The event may include forward-looking statements, which are subject to various risks and uncertainties as detailed in SEC filings.

American Equity Investment Life Holding Company (NYSE: AEL) has completed an initial investment from Brookfield Asset Management, acquiring 9,106,042 shares at $37 each, totaling approximately $337 million. This stake gives Brookfield about 9.9% ownership and a seat on AEL's Board of Directors. Additionally, AEL announced a $115 million accelerated share repurchase agreement with Citibank, offsetting dilution from the Brookfield investment. The company plans to continue repurchases under a $500 million authorization until Brookfield reaches a 19.9% ownership interest.

American Equity Investment Life Holding Company (NYSE: AEL) has announced an annual cash dividend of $0.32 per share, reflecting a 6% increase from last year’s $0.30. This marks the 22nd consecutive year of dividend declarations and the 17th consecutive year of increases. The dividend will be paid on December 10, 2020 to shareholders of record as of November 25, 2020. Currently, there are approximately 91 million shares outstanding.