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American Equity (AEL) Jumps: Stock Rises 11.2%

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American Equity Investment Life Holding Company AEL was a big mover last session, as the company saw its shares rise more than 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $28.54 to $29.56 in the past one month time frame.

The move came following the reports that stated the company is exploring a sale opportunity.

The company has seen no estimate revisions over the past few weeks and the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

American Equity currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.  

American Equity Investment Life Holding Company Price

American Equity Investment Life Holding Company Price | American Equity Investment Life Holding Company Quote

Another stock worth considering in the Insurance - Life Insurance industry is GWG Holdings, Inc GWGH which carries a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.

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American Equity Investment Life Holding Company (AEL) : Free Stock Analysis Report
 
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