FBR & Co. issued a report on American Equity Investment Life (NYSE:AEL), boosting its price target to $25.00 earlier today
- Updated: November 27, 2016
Having a price of $21.18, American Equity Investment Life (NYSE:AEL) traded -1.90% lower on the day. With the last stock price up 25.99% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. AEL has recorded a 50-day average of $18.80 and a two hundred day average of $16.81. Trade Volume was down over the average, with 431,812 shares of AEL changing hands under the typical 632,672
Reporting a potential upside of 0.18%, FBR & Co. upped the price target of American Equity Investment Life (NYSE:AEL) to $25.00
On Thursday February 11, 2016, RBC Capital Markets released a statement about American Equity Investment Life (NYSE:AEL) dropped the target price from $24.00 to $23.00 that suggested an upside of 0.78%.
Recent Performance Chart
American Equity Investment Life has with a one year low of $12.65 and a one year high of $27.86 and has a market capitalization of $0.
A total of 6 brokerages have issued a ratings update on American Equity Investment Life. Two brokerages rating the company a strong buy, four brokerages rating the company a buy, one brokerage rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $19.00.
General Company Details For American Equity Investment Life (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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