Brokerage Firm Initiation and Price Target on American Equity Investment Life Holding
February 3, 2015 by Thomas Lindt
American Equity Investment Life Holding (NYSE:AEL): American Equity has been initiated with a Hold at Jefferies. The Brokerage Firm has set a Price Target of USD 30.American Equity Investment Life Holding (NYSE:AEL): 3 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $27.67 in American Equity Investment Life Holding (NYSE:AEL). However, the stock price could fluctuate by $ 3.06 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $31 price target with the lower price estimate is calculated at $25
American Equity Investment Life Holding (NYSE:AEL) has lost 4.1% during the past week and dropped 11.67% in the past 4 weeks. The shares are however, marginally negative as compared to the S&P 500 for the past week with a loss of 1.37%. American Equity Investment Life Holding (NYSE:AEL) has underperformed the index by 8.87% in the past 4 weeks. Investors should watch out for further signals and trade with caution.
American Equity Investment Life Holding (NYSE:AEL) ended the day on a positive note gaining 4%. The day opened at $25.53 and the stock hit $26.655 on the upper end. However, intraday bearish pressure saw the price plummet to $25.53, at which some value buying and short covering came in. Closing higher after dropping to such lows only strengthens the counter. The stock last traded at $26.53 with 404,294 shares having exchanged hands. The 52-week peak value of the shares is $29.745 and the yearly low is $18.84. The company has a market cap of $2,006 million and there are 75,598,000 outstanding shares.
American Equity Investment Life Holding Company is engaged in the development and sale of fixed index and fixed rate annuity products. The Company is a full service underwriter of 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.
