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

Several equities analysts have commented on the stock. TheStreet upgraded shares of American Equity Investment Life Holding from a “hold” rating to a “buy” rating in a report on Thursday, August 18th. FBR & Co reiterated an “outperform” rating and issued a $21.00 price objective (up from $20.00) on shares of American Equity Investment Life Holding in a report on Thursday, May 26th. Zacks Investment Research downgraded shares of American Equity Investment Life Holding from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. Jefferies Group upgraded shares of American Equity Investment Life Holding from a “hold” rating to a “buy” rating in a report on Monday, June 6th. Finally, JPMorgan Chase & Co. upgraded shares of American Equity Investment Life Holding from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $23.00 to $20.00 in a report on Monday, June 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. American Equity Investment Life Holding has an average rating of “Buy” and a consensus target price of $23.67.

The firm has a market capitalization of $1.43 billion and a P/E ratio of 14.17. The stock’s 50 day moving average price is $15.99 and its 200 day moving average price is $15.19.

American Equity Investment Life Holding (NYSE:AEL) last issued its earnings results on Wednesday, August 3rd. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by $0.01. The company earned $549.80 million during the quarter, compared to the consensus estimate of $467.51 million. The firm’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.64 EPS. Equities analysts forecast that American Equity Investment Life Holding Co. will post $2.05 EPS for the current year.

In related news, Director Alexander Meeker Clark sold 5,000 shares of the 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 transaction, the director now directly owns 8,500 shares in the company, valued at approximately $141,610. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Several institutional investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of 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 in the last quarter. Morgan Stanley boosted its position in shares of 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 period. Finally, Schroder Investment Management Group boosted its position in shares of 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 period.

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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