American Equity Investment Life Holding Co. (NYSE:AEL) saw strong trading volume on Friday . 1,064,875 shares were traded 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 equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of American Equity Investment Life Holding from a “sell” rating to a “hold” rating in a report on Monday, May 2nd. TheStreet raised shares of American Equity Investment Life Holding from a “hold” rating to a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. raised shares of American Equity Investment Life Holding from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $23.00 to $20.00 in a research note on Monday, June 6th. Evercore ISI started coverage on shares of American Equity Investment Life Holding in a research note on Wednesday, July 6th. They issued a “buy” rating on the stock. Finally, Citigroup Inc. dropped their price target on shares of American Equity Investment Life Holding from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. American Equity Investment Life Holding currently has an average rating of “Buy” and an average target price of $23.67.

The firm has a market cap of $1.36 billion and a P/E ratio of 13.47. The stock has a 50 day moving average of $15.61 and a 200 day moving average of $15.14.

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 Thomson Reuters’ consensus estimate of $0.61 by $0.01. During the same period in the prior year, the firm earned $0.64 earnings per share. The firm earned $549.80 million during the quarter, compared to analyst estimates of $467.51 million. The company’s revenue for the quarter was up 24.6% on a year-over-year basis. Equities analysts forecast that American Equity Investment Life Holding Co. will post $2.05 earnings per share for the current year.

In other news, Director Alexander Meeker Clark sold 5,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 8,500 shares of the company’s stock, valued at $141,610. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Several large investors have recently bought and sold shares of AEL. Connor Clark & Lunn Investment Management Ltd. increased its stake in American Equity Investment Life Holding by 66.3% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 46,400 shares of the company’s stock valued at $1,115,000 after buying an additional 18,500 shares during the last quarter. State of Tennessee Treasury Department bought a new stake in American Equity Investment Life Holding during the fourth quarter valued at approximately $1,516,000. First Trust Advisors LP boosted its stake 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 valued at $1,550,000 after buying an additional 17,603 shares during the period. Cornerstone Capital Management Holdings LLC. bought a new stake in American Equity Investment Life Holding during the fourth quarter valued at approximately $1,845,000. Finally, Calvert Investment Management Inc. bought a new stake in American Equity Investment Life Holding during the fourth quarter valued at approximately $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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