American Equity Investment Life Receives a Hold from Credit Suisse

Credit Suisse analyst John Nadel initiated coverage with a Hold rating on American Equity Investment Life (NYSE: AEL) on October 6 and set a price target of $20. The company’s shares closed last Friday at $17.86.

According to TipRanks.com, Nadel is ranked #593 out of 4183 analysts.

American Equity Investment Life has an analyst consensus of Hold, with a price target consensus of $20.

The company has a one year high of $28.30 and a one year low of $12.65. Currently, American Equity Investment Life has an average volume of 555.1K.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is neutral on the stock. Most recently, in July 2016, Ronald James Grensteiner, a the VP of AEL bought 1,770 shares for a total of $24,922.

American Equity Investment Life Holding Co. engages in the provision of insurance and annuity. It involves in the sale of fixed index and fixed rate annuities as well as life, and health insurance. The company was founded by David J. Noble on December 15, 1995 and is headquartered in West Des Moines, IA.