American Equity Investment Life Holding Company (NYSE:AEL) went down by -6.86% during the previous trading session, and it is maintaining the win ahead of Friday’s trading session. The share price of the Insurance – Life giant went up by $21.72 to trade ended Friday trading at $23.32. This is down from the $23.32 price recorded on Thursday’s trading session. Thanks to this latest performance, AEL is closer to the higher price 52-week target of $30.00 and further from the lowest price target of $19.00. Its performance from the start of the year has also been negative, with AEL down by -27.43% year-to-date.
American Equity Investment Life Holding Company (AEL) started the day trading at $22.79 and recorded an intraday high of $22.79. It also recorded an intraday low of $21.51 during Friday’s trading session. American Equity Investment Life Holding Company is a very active stock that recorded a trading volume that is more than 54.94% of the average daily trading volume on Friday. The stock’s trading volume on Friday was 1722152, which is more than 54.94 of the total average daily trading volume of 775.96K.
American Equity Investment Life Holding Company (NYSE:AEL) 2020 Performance Impressive
The increase in AEL’s stock price on Friday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of AEL currently stands at $34.16, which is higher than the current trading price of the stock by 36.42%. However, AEL’s current trading price is -139.47% lower than the 52-week low price of $9.07. In terms of trading volume, American Equity Investment Life Holding Company currently experienced healthy participation during the last trading session. 1722152 shares of American Equity Investment Life Holding Company were traded on the stock exchange on Friday, which is more than 54.94% of the 775.96K average trading volume of the stock.
The performance of the stock has been positive over the past year. AEL’s performance over the past one year has seen it plunge by -19.11%, while the stock has gone down by -27.24% in the last six months. The quarterly performance of AEL currently stands at 15.23%, and it is down by -1.67% in the last month. The only negative figure was from the weekly performance, which currently reads -6.26%. At the time of writing AEL’s report, the company has a total market cap of $2.13B, making it one of the largest publicly-traded companies in the world.American Equity Investment Life Holding Company also has over 608 employees all over the world.
AEL Insider Activities
For American Equity Investment Life Holding Company, insiders hold 99.20% of all company shares. The insider transactions over the past six months are up by 19.30%. During that period, insiders bought 271,072 shares in 34 transactions. In that same period, insiders sold 109,513 of their shares in 20 transactions. After these transactions, insiders at American Equity Investment Life Holding Company now hold 1.56M shares, which is over 97.12% of the total company stocks. Institutional investors currently hold a large chunk of the AEL shares, as they control 1.70% of the company’s total stock.
AEL Fundamental Analysis
For American Equity Investment Life Holding Company, the stock’s diluted earnings per share (EPS) stands at 5.57. In the coming year, analysts expect the EPS to be 4.78. The EPS growth will up over the next five years to 10.00% after surging by 11.20% in the previous five years. In terms of revenue, American Equity Investment Life Holding Company’s quarterly sales (YOY) is growing at 1.13, which is lower than the average annual revenue of 11.20% over the past half a decade.
The Return on Investment (ROI) on American Equity Investment Life Holding Company’s stock currently stands at 33.30%, and it has a net profit margin of 23.90%.
AEL Analysts Prediction
The Piper Sandler has a Overweight rating for American Equity Investment Life Holding Company, predicting the stock price to stay between $30 and $25. B. Riley FBR Inc. reiterate their Neutral position on the stock ($26 and $30) and RBC Capital Mkts reiterate their Outperform position on the stock ($30 and $32).
Analysts at RBC Capital Mkts believe that AEL is Outperform, and they have a price target of between $28 and $30.
At the moment, American Equity Investment Life Holding Company’s Total Debt to Equity ratio stands at 0.16, and they have a long-term Debt to Equity ratio of 0.16.
AEL Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of AEL currently stands at -6.67%, while the SMA50 is 2.97%. The biggest one is the SMA200, which is currently reading -11.35% ahead of Friday’s trading session. The Relative Strength Index of this stock is 45.48, while its price to earnings ratio (P/E) is 3.90.