AEL - Shares of American Equity Investment Life Holding Company (AEL) Have Risen Above Previous 52-Week High
Shares of American Equity Investment Life Holding Company (NYSE:AEL) traded today at $41.49, eclipsing its 52-week high. Approximately 178,000 shares have changed hands today, as compared to an average 30-day volume of 350,000 shares.
American Equity Investment Life Holding Co is a financial services company. Its core business is selling fixed-index and fixed-rate annuity products through its subsidiaries, American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company. The company is licensed to sell its products in 50 states and the District of Columbia. Its targeted clients are individuals aged 45-75 who are interested in accumulating tax-deferred savings or creating guaranteed lifetime income.
There is potential upside of 93.2% for shares of American Equity Investment Life Holding Company based on a current price of $40.25 and an average consensus analyst price target of $77.74.
In the past 52 weeks, shares of American Equity Investment Life Holding Company have traded between a low of $26.21 and a high of $41.49 and is now at $40.25, which is 54% above that low price.
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