American Equity Investment Life Holding (AEL) was Initiated by Credit Suisse to “Neutral”. Credit Suisse advised their investors in a research report released on Oct 7, 2016.
On the company’s financial health, American Equity Investment Life Holding reported $0.60 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.61. The company had revenue of $549.80 million for the quarter, compared to analysts expectations of $504.81 million. The company’s revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.
American Equity Investment Life Holding opened for trading at $17.59 and hit $18.015 on the upside on Tuesday, eventually ending the session at $17.78, with a gain of 1.31% or 0.23 points. The heightened volatility saw the trading volume jump to 4,41,051 shares. Company has a market cap of $1,565 M.
In a different news, on Sep 27, 2016, Harley A Whitfield (director) sold 3,000 shares at $18.00 per share price. According to the SEC, on Jul 5, 2016, Ronald James Grensteiner (Executive Vice President) purchased 1,770 shares at $14.08 per share price. On Jun 8, 2016, Alexander Meeker Clark (director) sold 5,000 shares at $16.66 per share price, according to the Form-4 filing with the securities and exchange commission.
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.