AEL Stock Summary and Trading Ideas (American Equity Investment Life Holding Company | NYSE:AEL)

American Equity Investment Life Holding Co is a financial services company. It is engaged in the development and sale of fixed index and fixed rate annuity products. 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. It has one business segment comprised of the sale of fixed index and fixed rate annuities.

American Equity Investment Life Holding Company trades on the NYSE stock market under the symbol AEL.

As of April 19, 2024, AEL stock price climbed to $55.40 with 820,176 million shares trading.

AEL has a beta of 0.55, meaning it tends to be less sensitive to market movements. AEL has a correlation of 0.06 to the broad based SPY ETF.

AEL has a market cap of $4.38 billion. This is considered a Mid Cap stock.

Last quarter American Equity Investment Life Holding Company reported $582 million in Revenue and $1.99 earnings per share. This beat revenue expectation by $9 million and exceeded earnings estimates by $.24.

In the last 3 years, AEL stock traded as high as $56.40 and as low as $27.12.

The top ETF exchange traded funds that AEL belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

AEL has outperformed the market in the last year with a price return of +47.6% while the SPY ETF gained +21.2%. However, in the short term, AEL had mixed performance relative to the market. It has underperformed in the last 3 months, returning +0.6% vs +4.3% return in SPY. But in the last 2 weeks, AEL shares have fared better than the market returning -0.4% compared to SPY -3.5%.

AEL support price is $54.94 and resistance is $55.34 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AEL stock will trade within this expected range on the day.