Shares of American Equity Investment Life Holding Co. (NYSE:AEL) were up 2.3% during mid-day trading on Thursday . The stock traded as high as $17.11 and last traded at $17.11, with a volume of 490,797 shares. The stock had previously closed at $16.73.

Several equities analysts recently weighed in on AEL shares. Jefferies Group raised American Equity Investment Life Holding from a “hold” rating to a “buy” rating in a research report on Monday, June 6th. Zacks Investment Research cut American Equity Investment Life Holding from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. JPMorgan Chase & Co. raised American Equity Investment Life Holding from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $23.00 to $20.00 in a research report on Monday, June 6th. TheStreet raised American Equity Investment Life Holding from a “hold” rating to a “buy” rating in a research report on Thursday, August 18th. Finally, Evercore ISI started coverage on American Equity Investment Life Holding in a research report on Wednesday, July 6th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $23.67.

The company’s 50-day moving average is $15.88 and its 200-day moving average is $15.17. The stock has a market capitalization of $1.41 billion and a PE ratio of 13.92.

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 firm earned $549.80 million during the quarter, compared to the consensus estimate of $467.51 million. During the same period last year, the firm earned $0.64 EPS. American Equity Investment Life Holding’s quarterly revenue was up 24.6% compared to the same quarter last year. Equities analysts expect that American Equity Investment Life Holding Co. will post $2.05 earnings per share for the current year.

In related news, Director Alexander Meeker Clark sold 5,000 shares of American Equity Investment Life Holding stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $16.66, for a total transaction of $83,300.00. Following the completion of the transaction, the director now owns 8,500 shares in the company, valued at $141,610. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

A number of institutional investors have bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. boosted its position 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 worth $1,115,000 after buying an additional 18,500 shares during the last quarter. 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 worth $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 worth $17,941,000 after buying an additional 8,945 shares during the last quarter. Finally, 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 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 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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