American Equity Investment Life Holding Co (NYSE: AEL) is 0.65% higher on its value in year-to-date trading and has touched a low of $37.54 and a high of $56.64 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AEL stock was last observed hovering at around $56.11 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $56.16, the stock is 0.53% and 0.63% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.93 million and changing 0.09% at the moment leaves the stock 2.68% off its SMA200. AEL registered 45.27% gain for a year compared to 6-month gain of 6.42%.
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The stock witnessed a 0.45% loss in the last 1 month and extending the period to 3 months gives it a 1.72%, and is 0.30% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 0.81% over the week and 0.64% over the month.
American Equity Investment Life Holding Co (AEL) has around 995 employees, a market worth around $4.47B and $1.69B in sales. Current P/E ratio is 26.26 and Fwd P/E is 7.97. Profit margin for the company is 9.86%. Distance from 52-week low is 49.60% and -0.85% from its 52-week high. The company has generated returns on investments over the last 12 months (4.29%).
The EPS is expected to shrink by -3.36% this year
The shares outstanding are 79.34M, and float is at 78.03M with Short Float at 2.11%.
American Equity Investment Life Holding Co (AEL) Insider Activity
The most recent transaction is an insider sale by Lorenzen Jeffrey D, the company’s Executive VP-Chief Inv Officer. SEC filings show that Lorenzen Jeffrey D sold 97,395 shares of the company’s common stock on Sep 21 ’23 at a price of $53.85 per share for a total of $5.24 million. Following the sale, the insider now owns 30900.0 shares.
American Equity Investment Life Holding Co disclosed in a document filed with the SEC on Sep 21 ’23 that Andre Axel (Chief Financial Officer) sold a total of 29,273 shares of the company’s common stock. The trade occurred on Sep 21 ’23 and was made at $53.87 per share for $1.58 million. Following the transaction, the insider now directly holds 13740.0 shares of the AEL stock.
Still, SEC filings show that on Sep 20 ’23, Bhalla Anant (CEO & President) disposed off 183,202 shares at an average price of $54.05 for $9.9 million. The insider now directly holds 1,028,134 shares of American Equity Investment Life Holding Co (AEL).
