Analyst Rating Update on American Equity Investment Life Holding Company (AEL)

American Equity Investment Life Holding Company (NYSE:AEL) : 3 brokerage houses believe that American Equity Investment Life Holding Company (NYSE:AEL) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 4 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.25.

American Equity Investment Life Holding Company (NYSE:AEL) stock is expected to deviate a maximum of $1.29 from the average target price of $20.5 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $22 and the most muted being $19.

For the current week, the company shares have a recommendation consensus of Buy.

American Equity Investment Life Holding Company (NYSE:AEL): stock turned positive on Tuesday. Though the stock opened at $13.89, the bulls momentum made the stock top out at $14.03 level for the day. The stock recorded a low of $13.4 and closed the trading day at $13.62, in the green by 0.15%. The total traded volume for the day was 775,984. The stock had closed at $13.6 in the previous days trading.

In an insider trading activity,The director of American Equity Investment Life Holding Co, Clark Alexander Meeker sold 5,000 shares at $16.66 on June 8, 2016. The Insider selling transaction had a total value worth of $83,300. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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 wholly owned life insurance subsidiaries, American Equity Investment Life Insurance Company (American Equity Life), American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company (Eagle Life). The Companys business consists primarily of the sale of fixed index and fixed rate annuities. The Companys products include Fixed Index Annuities, Fixed Rate Annuities, Withdrawal Options-Fixed Index and Fixed Rate Annuities and Life Insurance.

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