American Equity Investment Life Holding Company (AEL) has risen sharply, recording gains of 5.86% in the past 4 weeks. However, the stock has corrected -1.57% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 8.05% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.67% and the 50-Day Moving Average is 6.87%.The 200 Day SMA reached 4.29% American Equity Investment Life Holding Company is up 12.66% in the last 3-month period. Year-to-Date the stock performance stands at -27.05%.
American Equity Investment Life Holding Company (AEL) : Currently there are 3 street experts covering American Equity Investment Life Holding Company (AEL) stock. The most bullish and bearish price target for the stock is $23 and $18 respectively for the short term. The average price target of all the analysts comes to $21. The estimated standard deviation from the target is $2.65.
For the current week, the company shares have a recommendation consensus of Buy. American Equity Investment Life Holding Company (NYSE:AEL): stock was range-bound between the intraday low of $17.3 and the intraday high of $17.69 after having opened at $17.65 on Fridays session. The stock finally closed in the red at $17.65, a loss of -1.68%. The stock remained in the red for the whole trading day. The total traded volume was 1,487,554 shares. The stock failed to cross $17.69 in Fridays trading. The stocks closing price on Thursday was $17.53.
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.