American Equity Investment Life traded at $56.47 this Thursday May 2nd, increasing $0.31 or 0.55 percent since the previous trading session. Looking back, over the last four weeks, American Equity Investment Life gained 0.62 percent. Over the last 12 months, its price rose by 46.26 percent. Looking ahead, we forecast American Equity Investment Life to be priced at 54.74 by the end of this quarter and at 49.85 in one year, according to Trading Economics global macro models projections and analysts expectations.
American Equity Investment Life Holding Company is engaged in the development and sale of fixed index and fixed rate annuity products. The Company issues fixed annuity products through its life insurance subsidiaries, American Equity Investment Life Insurance Company (American Equity Life), American Equity Investment Life Insurance Company of New York (American Equity Life of New York) and Eagle Life Insurance Company (Eagle Life). The Company operates through one segment, which comprises of the sale of fixed index and fixed rate annuities. Its product types include Fixed index annuities, Annual reset fixed rate annuities, Multi-year fixed rate annuities and Single premium immediate annuities. The Company markets its products through a variable cost distribution network, including independent agents through independent marketing organizations (IMOs), broker/dealers, banks and registered investment advisors.