American Equity Investment Life Holding Co. (NYSE:AEL) saw unusually-strong trading volume on Friday . Approximately 1,064,875 shares traded hands during trading, an increase of 82% from the previous session’s volume of 584,967 shares.The stock last traded at $16.56 and had previously closed at $16.40.

Several research analysts recently weighed in on AEL shares. Zacks Investment Research lowered American Equity Investment Life Holding from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. FBR & Co reaffirmed an “outperform” rating and issued a $21.00 target price (up from $20.00) on shares of American Equity Investment Life Holding in a research report on Thursday, May 26th. 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 raised American Equity Investment Life Holding from a “hold” rating to a “buy” rating in a research report on Monday, June 6th. Finally, Citigroup Inc. cut their target price 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $23.67.

The stock’s 50 day moving average is $15.61 and its 200 day moving average is $15.14. The company has a market capitalization of $1.36 billion and a PE ratio of 13.47.

American Equity Investment Life Holding (NYSE:AEL) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.61 by $0.01. The business had revenue of $549.80 million for the quarter, compared to analysts’ expectations of $467.51 million. The business’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.64 EPS. Analysts anticipate that American Equity Investment Life Holding Co. will post $2.05 earnings per share 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 that occurred on Wednesday, June 8th. The shares were sold at an average price of $16.66, for a total transaction of $83,300.00. Following the transaction, the director now directly owns 8,500 shares in the company, valued at approximately $141,610. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Other institutional investors have recently bought and sold shares of the company. Schroder Investment Management Group boosted 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 during the last quarter. Wells Fargo & Company MN boosted its position in American Equity Investment Life Holding by 1.2% in the fourth quarter. Wells Fargo & Company MN now owns 746,648 shares of the company’s stock valued at $17,941,000 after buying an additional 8,945 shares during the last quarter. 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 valued at $17,048,000 after buying an additional 67,131 shares during the last quarter. US Bancorp DE boosted its position in American Equity Investment Life Holding by 18.8% in the fourth quarter. US Bancorp DE now owns 98,780 shares of the company’s stock valued at $2,373,000 after buying an additional 15,649 shares during the last quarter. Finally, Calvert Investment Management Inc. purchased a new position in American Equity Investment Life Holding during the fourth quarter valued at $2,312,000.

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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