American Equity Investment Life Holding (AEL) Shares Cross Below Book Value

In trading on Monday, shares of American Equity Investment Life Holding Co (AEL) crossed below their last reported book value — defined as common shareholder equity per share — of $21.55, changing hands as low as $21.40 per share. American Equity Investment Life Holding Co shares are currently trading down about 2.3% on the day. The chart below shows the one year performance of AEL shares, versus its 50 and 200 day moving averages:

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American Equity Investment Life Holding Co Moving Averages Chart

Looking at the chart above, AEL's low point in its 52 week range is $13.23 per share, with $26.46 as the 52 week high point — that compares with a last trade of $21.44.

According to the ETF Finder at ETF Channel, AEL makes up 1.33% of the Dynamic Financial Sector Portfolio ETF ( PFI) which is trading lower by about 3% on the day Monday.

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