American Equity Investment Life Holding Company (AEL) : During the past 4 weeks, traders have been relatively bearish on American Equity Investment Life Holding Company (AEL), hence the stock is down -2.58% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.94% relative to the S&P 500. The 4-week change in the price of the stock is -1.58% and the stock has fallen -0.89% in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.35% and the 50-Day Moving Average is 0.83%. American Equity Investment Life Holding Company (NYSE:AEL): On Fridays trading session , Opening price of the stock was $15.65 with an intraday high of $15.79. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $15.27. However, the stock managed to close at $15.61, a loss of 1.51% for the day. On the previous day, the stock had closed at $15.85. The total traded volume of the day was 503,988 shares.
The company Insiders own 4.43% of American Equity Investment Life Holding Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -3.37% . Institutional Investors own 98.8% of American Equity Investment Life Holding Company shares. During last six month period, the net percent change held by insiders has seen a change of 0.63%. Also, Brokerage firm Citigroup maintains its rating on American Equity Investment Life Holding Company (NYSE:AEL). As per the latest information, the brokerage house lowers the price target to $18 per share from a prior target of $20. The shares have been rated Buy. The rating by the firm was issued on July 7, 2016.
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.