said Tuesday that it met analysts' earnings projections for the fourth quarter, but indicated that earnings growth in 2001 should be on the low end of the company's 12% to 14% target range, as a result of the recent decline in the equity markets.
The retirement services, consumer finance and life insurance company said it earned $1.32 a share, before investment gains. Seventeen analysts polled by
First Call/Thomson Financial
were expecting the company to report that figure. The company earned $1.17 in the year-ago period.
The company also declared a 2-for-1 stock split and a 9% increase in its common stock dividend, both payable March 1 to shareholders of record Feb. 8. The company's new quarterly dividend rate will be 48 cents on a presplit basis.
Shares of American lost 56 cents, or 0.7%, to $75.63 in recent
New York Stock Exchange