American Equity Investment Life Holding Co. (NYSE:AEL) had its price target upped by FBR & Co from $23.00 to $25.00 in a research report report published on Monday. They currently have an outperform rating on the stock.

Other analysts have also issued research reports about the stock. Sandler O’Neill raised shares of American Equity Investment Life Holding from a hold rating to a buy rating and set a $18.00 target price for the company in a report on Friday, November 4th. JPMorgan Chase & Co. reaffirmed a buy rating and set a $20.00 target price on shares of American Equity Investment Life Holding in a report on Thursday, November 10th. Zacks Investment Research raised shares of American Equity Investment Life Holding from a sell rating to a hold rating in a report on Tuesday, September 13th. TheStreet raised shares of American Equity Investment Life Holding from a hold rating to a buy rating in a research report on Thursday, August 18th. Finally, Credit Suisse Group AG initiated coverage on shares of American Equity Investment Life Holding in a research report on Friday, October 7th. They set a neutral rating and a $20.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $20.67.

Analyst Recommendations for American Equity Investment Life Holding (NYSE:AEL)

American Equity Investment Life Holding (NYSE:AEL) opened at 20.73 on Monday. The firm has a 50-day moving average price of $18.94 and a 200 day moving average price of $16.94. The stock’s market cap is $1.79 billion. American Equity Investment Life Holding has a 1-year low of $12.65 and a 1-year high of $27.86.

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The business also recently disclosed an annual dividend, which will be paid on Tuesday, December 20th. Investors of record on Monday, December 5th will be given a $0.24 dividend. This is a boost from American Equity Investment Life Holding’s previous annual dividend of $0.22. This represents a yield of 1.11%. The ex-dividend date is Thursday, December 1st. American Equity Investment Life Holding’s payout ratio is currently -366.61%.

In related news, Director Alexander Meeker Clark sold 3,000 shares of the business’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $20.57, for a total value of $61,710.00. Following the sale, the director now directly owns 7,600 shares of the company’s stock, valued at approximately $156,332. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.43% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of AEL. Macquarie Group Ltd. boosted its stake in American Equity Investment Life Holding by 17.2% in the second quarter. Macquarie Group Ltd. now owns 3,336,046 shares of the company’s stock valued at $47,539,000 after buying an additional 490,506 shares in the last quarter. Eqis Capital Management Inc. boosted its stake in American Equity Investment Life Holding by 1.7% in the second quarter. Eqis Capital Management Inc. now owns 20,021 shares of the company’s stock valued at $285,000 after buying an additional 326 shares in the last quarter. Capstone Asset Management Co. boosted its stake in American Equity Investment Life Holding by 1.5% in the second quarter. Capstone Asset Management Co. now owns 28,583 shares of the company’s stock valued at $407,000 after buying an additional 410 shares in the last quarter. Aristotle Capital Boston LLC boosted its stake in American Equity Investment Life Holding by 3.4% in the second quarter. Aristotle Capital Boston LLC now owns 262,499 shares of the company’s stock valued at $3,741,000 after buying an additional 8,567 shares in the last quarter. Finally, Mason Street Advisors LLC bought a new stake in American Equity Investment Life Holding during the second quarter valued at approximately $229,000. 89.44% of the stock is currently owned by institutional investors and hedge funds.

About American Equity Investment Life Holding

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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