Having a price of $27.11, American Equity Investment Life Holding (NYSE:AEL) traded 1.17% higher on the day. With the last close up 9.59% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.05% over the same period. AEL has recorded a 50-day average of $27.03 and a two hundred day average of $25.31. Trade Volume was up over the average, with 676,837 shares of AEL changing hands over the typical 582,806
Zacks Investment Research has downgraded American Equity Investment Life Holding (NYSE:AEL) to Hold in a statement released on 7/07/2017.
American Equity Investment Life Holding has price-earnings ratio of 12.78 with a 52 week low of $15.39 and a 52 week high of $28.32 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 6 brokerages have issued a research note on the company. The average stock price target is $19.00 with 2 brokerages rating the stock a strong buy, 4 brokerages rating the stock a buy, 1 brokerage rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
American Equity Investment Life Holding Company is engaged in the development and sale of fixed index and fixed rate annuity products. The Company issues fixed annuity and life insurance products through its life insurance subsidiaries, American Equity Investment Life Insurance Company, American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company. Its target market includes the group of individuals aged 45 to 75 seeking to accumulate tax-deferred savings or create guaranteed lifetime income. The Company distributes through a range of distribution channels, including independent agents, broker/dealers, banks and registered investment advisors. Its product types include fixed index annuities, annual reset fixed rate annuities, multi-year fixed rate annuities and single premium immediate annuities. Its life insurance products include traditional ordinary and term, universal life and other interest-sensitive life insurance products.
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