American Equity Investment Life Holding Co. (NYSE:AEL) Director Alexander Meeker Clark sold 3,000 shares of the company’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $20.57, for a total transaction of $61,710.00. Following the completion of the sale, the director now directly owns 7,600 shares of the company’s stock, valued at approximately $156,332. The sale was disclosed in a filing with the SEC, which is accessible through this link.

American Equity Investment Life Holding Co. (NYSE:AEL) opened at 21.77 on Wednesday. The firm has a 50-day moving average of $17.83 and a 200 day moving average of $16.33. American Equity Investment Life Holding Co. has a one year low of $12.65 and a one year high of $27.86. The company’s market capitalization is $1.88 billion.

Insider Buying and Selling by Quarter for American Equity Investment Life Holding (NYSE:AEL)

Large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its position in American Equity Investment Life Holding by 1,507.3% in the second quarter. Tower Research Capital LLC TRC now owns 7,313 shares of the company’s stock worth $104,000 after buying an additional 6,858 shares during the period. Public Employees Retirement System of Ohio raised its position in American Equity Investment Life Holding by 21.0% in the second quarter. Public Employees Retirement System of Ohio now owns 7,673 shares of the company’s stock worth $109,000 after buying an additional 1,331 shares during the period. Springbok Capital Management LLC acquired a new position in American Equity Investment Life Holding during the first quarter worth $111,000. Acrospire Investment Management LLC raised its position in American Equity Investment Life Holding by 78.3% in the second quarter. Acrospire Investment Management LLC now owns 8,200 shares of the company’s stock worth $117,000 after buying an additional 3,600 shares during the period. Finally, Bank of Montreal Can raised its position in American Equity Investment Life Holding by 29.3% in the third quarter. Bank of Montreal Can now owns 6,786 shares of the company’s stock worth $120,000 after buying an additional 1,536 shares during the period. Hedge funds and other institutional investors own 88.05% of the company’s stock.

A number of brokerages have recently issued reports on AEL. Zacks Investment Research raised shares of American Equity Investment Life Holding from a “sell” rating to a “hold” rating in a research note on Tuesday, October 11th. Sandler O’Neill upgraded shares of American Equity Investment Life Holding from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Friday, November 4th. TheStreet upgraded shares of American Equity Investment Life Holding from a “hold” rating to a “buy” rating in a report on Thursday, August 18th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $20.00 price target on shares of American Equity Investment Life Holding in a report on Thursday, November 10th. Finally, Credit Suisse Group AG began coverage on shares of American Equity Investment Life Holding in a report on Friday, October 7th. They set a “neutral” rating and a $20.00 price target for the company. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $20.00.

American Equity Investment Life Holding Company Profile

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.

5 Day Chart for NYSE:AEL

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