American Equity Investment Life Holding Co. (NYSE:AEL) was up 7% on Friday . The stock traded as high as $14.80 and last traded at $14.73, with a volume of 212,109 shares. The stock had previously closed at $13.76.

Several equities research analysts recently weighed in on AEL shares. Jefferies Group raised shares of American Equity Investment Life Holding from a “hold” rating to a “buy” rating in a report on Monday, June 6th. FBR & Co reaffirmed an “outperform” rating and issued a $20.00 price objective (down previously from $23.00) on shares of American Equity Investment Life Holding in a report on Wednesday, April 6th. Zacks Investment Research raised shares of American Equity Investment Life Holding from a “sell” rating to a “hold” rating in a report on Tuesday, April 19th. Sandler O’Neill downgraded shares of American Equity Investment Life Holding from a “buy” rating to a “hold” rating in a report on Thursday, April 7th. Finally, JPMorgan Chase & Co. raised shares of American Equity Investment Life Holding from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $23.00 to $20.00 in a report on Monday, June 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. American Equity Investment Life Holding currently has a consensus rating of “Buy” and a consensus target price of $23.67.

The firm’s 50 day moving average price is $15.35 and its 200 day moving average price is $16.10. The firm has a market capitalization of $1.21 billion and a P/E ratio of 7.10.

American Equity Investment Life Holding (NYSE:AEL) last issued its earnings results on Wednesday, April 27th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.62 by $0.37. The company earned $417.60 million during the quarter, compared to analysts’ expectations of $473.67 million. American Equity Investment Life Holding’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.62 earnings per share. On average, analysts anticipate that American Equity Investment Life Holding Co. will post $2.13 earnings per share for the current fiscal year.

In related news, Director Alexander Meeker Clark sold 5,000 shares of the firm’s stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $16.66, for a total value of $83,300.00. Following the completion of the transaction, the director now directly owns 8,500 shares of the company’s stock, valued at $141,610. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

A number of hedge funds and institutional investors recently added to or reduced their stakes in AEL. Dimensional Fund Advisors LP raised its position in American Equity Investment Life Holding by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,398,888 shares of the company’s stock valued at $153,766,000 after buying an additional 225,586 shares in the last quarter. Schroder Investment Management Group raised its position in American Equity Investment Life Holding by 9.0% in the fourth quarter. Schroder Investment Management Group now owns 1,287,760 shares of the company’s stock valued at $30,945,000 after buying an additional 105,900 shares in the last quarter. Bank of Montreal Can raised its position in American Equity Investment Life Holding by 71.4% in the fourth quarter. Bank of Montreal Can now owns 247,754 shares of the company’s stock valued at $5,954,000 after buying an additional 103,225 shares in the last quarter. Cornerstone Capital Management Holdings LLC. bought a new position in American Equity Investment Life Holding during the fourth quarter valued at about $1,845,000. Finally, Morgan Stanley raised its position in American Equity Investment Life Holding by 10.5% in the fourth quarter. Morgan Stanley now owns 709,393 shares of the company’s stock valued at $17,048,000 after buying an additional 67,131 shares in the last quarter.

American Equity Investment Life Holding Company is engaged in the development and sale of fixed index and fixed rate annuity products. The Company issues fixed annuity and life insurance products through its wholly owned life insurance subsidiaries, American Equity Investment Life Insurance Company (American Equity Life), American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company (Eagle Life).

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