American Equity Investment Life Holding Company Buyback
OLI recorded this information on 8/27/2014
Company:
American Equity Investment Life Holding Company
Buyback:
AEL buyback
Share Amount Authorized:
500,000.00
Buyback Details:
American Equity Investment Life Holding Company (NYSE:AEL), a leading underwriter of index and fixed rate annuities, today announced that its Board of Directors has authorized American Equity to repurchase up to 500,000 shares of its common stock during the next twelve months. The share repurchase program is intended to offset dilution that results from the exercise of stock options. The share repurchases will be made from time-to-time at the Company's discretion in the open market, in privately negotiated transactions or otherwise as permitted by securities laws and other legal requirements. The timing of any such transactions will depend on a variety of factors, including market conditions and share price. The Board of Directors may modify, suspend, extend or terminate the program at any time.
American Equity Investment Life Holding is a holding company. Co. is engaged in the development and sale of fixed index and fixed rate annuity products. Co. issues fixed annuity products through its subsidiaries, American Equity Investment Life Insurance Company, American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company. Co.'s products include: Fixed Index Annuities, which allow policyholders to earn index credits based on the performance of a particular index without the risk of loss of their account value; and Fixed Rate Annuities, which include annual, multi-year rate guaranteed products and single premium deferred annuities.
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Avg. Broker Rec.
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Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: AEL Stock Forecast Based on Zacks ABR data; powered by Xignite |
