A statement released earlier today by Credit Suisse Group AG about American Equity Investment Life Holding (NYSE:AEL) bumps the target price to $20.00
- Updated: October 7, 2016
Credit Suisse Group AG bumped up the target of American Equity Investment Life Holding (NYSE:AEL) to $20.00 stating a potential upside of 0.11%.
Boasting a price of $18.02, American Equity Investment Life Holding (NYSE:AEL) traded -1.22% lower on the day. With the last stock price close up 11.97% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. American Equity Investment Life Holding has recorded a 50-day average of $17.57 and a two hundred day average of $15.90. Volume of trade was down over the average, with 84,739 shares of AEL changing hands under the typical 556,120
With a total market value of $0, American Equity Investment Life Holding has price-earnings ratio of 14.48 with a one year low of $12.65 and a one year high of $28.30 .
A total of 6 equity analysts have released a research note on AEL. Two equity analysts rating the company a strong buy, four equity analysts rating the company a buy, one equity analyst rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $19.00.
More About American Equity Investment Life Holding (NYSE:AEL)
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. The Company's products include Fixed Index Annuities, Fixed Rate Annuities, Withdrawal Options-Fixed Index and Fixed Rate Annuities and Life Insurance. Fixed index annuities allow policyholders to earn index credits based on the performance of a particular index without the risk of loss of their principal. Fixed rate deferred annuities include annual reset and multi-year rate guaranteed products. It also sells single premium immediate annuities. The Life Insurance products include traditional ordinary and term, universal life and other interest-sensitive life insurance products.
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