Shares of American Equity Investment Life Holding Co. (NYSE:AEL) were down 2.9% during mid-day trading on Friday . The company traded as low as $15.27 and last traded at $15.39, with a volume of 218,025 shares trading hands. The stock had previously closed at $15.85.

A number of analysts have weighed in on AEL shares. Citigroup Inc. lowered their price target on American Equity Investment Life Holding from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, July 7th. Evercore ISI started coverage on American Equity Investment Life Holding in a research report on Wednesday, July 6th. They issued a “buy” rating on the stock. Jefferies Group upgraded American Equity Investment Life Holding from a “hold” rating to a “buy” rating in a research report on Monday, June 6th. Zacks Investment Research upgraded American Equity Investment Life Holding from a “sell” rating to a “hold” rating in a research report on Monday, May 2nd. Finally, FBR & Co reiterated an “outperform” rating and issued a $21.00 price target (up from $20.00) on shares of American Equity Investment Life Holding in a research report on Thursday, May 26th. 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’s stock. American Equity Investment Life Holding presently has a consensus rating of “Buy” and a consensus target price of $23.67.

The firm has a market cap of $1.28 billion and a P/E ratio of 12.70. The company has a 50-day moving average price of $15.31 and a 200-day moving average price of $15.19.

American Equity Investment Life Holding (NYSE:AEL) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by $0.01. The business earned $549.80 million during the quarter, compared to analysts’ expectations of $467.51 million. American Equity Investment Life Holding’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.64 earnings per share. On average, equities research analysts expect that American Equity Investment Life Holding Co. will post $2.05 EPS for the current year.

In other American Equity Investment Life Holding news, Director Alexander Meeker Clark sold 5,000 shares of American Equity Investment Life Holding 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 approximately $141,610. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Several institutional investors have bought and sold shares of the company. First Trust Advisors LP boosted its position in American Equity Investment Life Holding by 37.5% in the fourth quarter. First Trust Advisors LP now owns 64,523 shares of the company’s stock worth $1,550,000 after buying an additional 17,603 shares during the period. California Public Employees Retirement System boosted its position in American Equity Investment Life Holding by 1.0% in the fourth quarter. California Public Employees Retirement System now owns 253,511 shares of the company’s stock worth $6,092,000 after buying an additional 2,500 shares during the period. Comerica Bank boosted its position in American Equity Investment Life Holding by 1.1% in the fourth quarter. Comerica Bank now owns 83,581 shares of the company’s stock worth $1,768,000 after buying an additional 927 shares during the period. Morgan Stanley boosted 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 worth $17,048,000 after buying an additional 67,131 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. acquired a new position in American Equity Investment Life Holding during the fourth quarter worth approximately $1,845,000.

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 life insurance subsidiaries, American Equity Investment Life Insurance Company, American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company.

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