American Equity Investment Life Holding (AEL) Issues Quarterly Earnings Results
July 29, 2015 by Doug Madison
American Equity Investment Life Holding (NYSE:AEL) released its earnings results on Wednesday. The company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters consensus estimate of $0.60 by $0.04, Analyst Ratings.Net reports.
Separately, Zacks raised American Equity InvestmentLife Holding from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Thursday, July 16th.
In other news, VP Debra J. Richardson sold 1,000 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $26.87, for a total transaction of $26,870.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Shares of American Equity Investment Life Holding (NYSE:AEL) traded up 1.68% during midday trading on Wednesday, hitting $26.58. The stock had a trading volume of 452,800 shares. American Equity Investment Life Holding has a one year low of $21.36 and a one year high of $29.90. The company has a market cap of $2.04 billion and a P/E ratio of 15.20. The firm has a 50 day moving average of $26.81 and a 200-day moving average of $27.54.
American Equity Investment Life Holding Company (NYSE:AEL) 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). Its business consists primarily of the sale of fixed index and fixed rate annuities. The Company’s products include Fixed Index Annuities, Fixed Rate Annuities, Withdrawal Options-Fixed Index and Fixed Rate Annuities and Life Insurance.
