American Equity Investment Life Holding (NYSE:AEL) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 11, 2016
Zacks Investment Research has upgraded American Equity Investment Life Holding (NYSE:AEL) to Hold in a statement released on 10/11/2016.
Having a price of $18.19, American Equity Investment Life Holding (NYSE:AEL) traded 0.06% higher on the day. With the last close up 14.20% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. AEL has recorded a 50-day average of $17.66 and a two hundred day average of $15.92. Trade Volume was down over the average, with 475,837 shares of AEL changing hands under the typical 549,337
With a total market value of $0, American Equity Investment Life Holding has PE ratio of 14.79 with a 52 week low of $12.65 and a 52 week high of $28.30 .
In addition to Zacks Investment Research reporting its target price, a total of 6 firms have reported on the stock. The consensus target price is $19.00 with 2 firms rating the stock a strong buy, 4 firms rating the stock a buy, 1 firm rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
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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