NEW YORK ( TheStreet) -- American Equity Investment Life Holding Com (NYSE: AEL) is trading at unusually high volume Tuesday with 2.3 million shares changing hands. It is currently at 4.3 times its average daily volume and trading up 45 cents (+4.7%) at $9.95 as of four p.m. ET.

American Equity Investment Life Holding Com has a market cap of $627.7 million and is part of the financial sector and insurance industry. Shares are down 24.3% year to date as of the close of trading on Monday.

American Equity Investment Life Holding Company, through its subsidiaries, underwrites fixed annuity and life insurance products in the United States and the District of Columbia. The company has a P/E ratio of 8.6, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates American Equity Investment Life Holding Com as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, attractive valuation levels, notable return on equity and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full American Equity Investment Life Holding Com Ratings Report.

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