American Equity Investment Life Holding Company (NYSE:AEL) remained unchanged to close Friday at $52.80 after subtracting $0.0 on the day. The 5-day average trading volume is 394,520 shares of the company’s common stock. It has gained $53.59 in the past week and touched a new high 1 time within the past 5 days. An average of 448,030 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 888,414.
AEL’s 1-month performance is -1.49% or -$0.73 on its low of $52.62 reached on 08/18/23. The company’s shares have touched a 52-week low of $28.05 and high of $54.30, with the stock’s rally to the 52-week high happening on 07/27/23. YTD, AEL has achieved 15.74% or $7.18 and has reached a new high 16 times. However, the current price is down -2.76% from the 52-week high price.
Insider Transactions
AEL stock investors last saw insider trading activity on Aug 16.Howe Robert L (Director) most recently sold 5,000 shares at $53.35 per share on Aug 16. This transaction cost the insider $266,750. EVP & Chief Investment Officer, Hamalainen James Louis, sold 16,248 shares at a price of $53.32 on Aug 10.
Valuation Metrics
AEL stock has a beta of 0.95. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.58 while the price-to-book (PB) in the most recent quarter is 1.60, with the price to cash flow ratio at 0.84.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.34, while the total debt to equity was 0.34. The firm’s gross profit as reported stood at $1.55 billion against revenue of $1.42 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -1.52% to $344.44 million, while revenue of -$166.91 million was 148.46% off the previous quarter. Analysts expected AEL to announce $1.72 per share in earnings in its latest quarter, but it posted $1.62, representing a -5.80% surprise. EBITDA for the quarter stood at more than $811.78 million. Shareholders hold equity totaling $78.3 million.
Let’s look briefly at American Equity Investment Life Holding Company (AEL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 38.73% to suggest the stock is trending Neutral, with historical volatility in this time period at 6.67%.
The stock’s 5-day moving average is $53.16, reflecting a -1.49% or -$0.80 change from its current price. AEL is currently trading -2.08% above its 20-day SMA, +43.44% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +23.48% and SMA200 by+22.56%.
Stochastic %K and %D was 20.84% and 32.34% and the average true range (ATR) pointed at 0.48. The RSI (14) points at 53.24%, while the 14-day stochastic is at 15.93% with the period’s ATR at 0.55. The stock’s 9-day MACD Oscillator is pointing at -0.28 and -0.38 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for American Equity Investment Life Holding Company (NYSE: AEL), Truist downgraded it to a Hold rating. They previously had a Buy rating on the stock.
