Citigroup Lowers American Equity Investment Life (NYSE:AEL) Price Target to $27.00 – TechNewsObserver
Zacks Investment Research raised American Equity Investment Life from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Monday, August 26th. American Equity Investment Life has a 52-week low of $20.16 and a 52-week high of $36.94. Following the completion of the transaction, the chief financial officer now directly owns 86,833 shares of the company’s stock, valued at approximately $2,267,209.63. Acadian Asset Management LLC now owns 482,329 shares of the financial services provider’s stock worth $13,034,000 after buying an additional 361,865 shares in the last quarter.