Amer. Equity Inv. Life

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.» Mehr auf businesswire.com

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.» Mehr auf defenseworld.net

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.» Mehr auf prnewswire.com