Shares of AEL traded higher by 2.82% or $0.38/share to $13.85. NYSE is trading at a price to book ratio of 0.48. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.93 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.48. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 436705 shares of AEL exchange hands on a given day and today's volume is recorded at 764927. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.
American Equity Investment Life Holding Company is engaged in the development and sale of fixed index and fixed rate annuity products.
