American Equity Investment Life Holding Co. (NYSE:AEL) has received a consensus rating of “Buy” from the ten research firms that are presently covering the firm. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $20.00.

AEL has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of American Equity Investment Life Holding from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. TheStreet upgraded shares of American Equity Investment Life Holding from a “hold” rating to a “buy” rating in a research note on Thursday, August 18th. Credit Suisse Group AG initiated coverage on shares of American Equity Investment Life Holding in a research note on Friday, October 7th. They issued a “neutral” rating and a $20.00 price target on the stock. 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 on the stock in a research note on Friday, November 4th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $20.00 price target on shares of American Equity Investment Life Holding in a research note on Thursday, November 10th.

In other news, Director Alexander Meeker Clark sold 3,000 shares of the stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $20.57, for a total value 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 $156,332. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.43% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the stock. Suntrust Banks Inc. increased its stake in American Equity Investment Life Holding by 5.1% in the second quarter. Suntrust Banks Inc. now owns 14,851 shares of the company’s stock valued at $211,000 after buying an additional 722 shares during the last quarter. Quantitative Investment Management LLC bought a new stake in shares of American Equity Investment Life Holding during the second quarter valued at $456,000. Ausdal Financial Partners Inc. bought a new stake in shares of American Equity Investment Life Holding during the second quarter valued at $363,000. Bbva Compass Bancshares Inc. bought a new stake in shares of American Equity Investment Life Holding during the second quarter valued at $152,000. Finally, Louisiana State Employees Retirement System increased its stake in shares of American Equity Investment Life Holding by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 36,400 shares of the company’s stock valued at $519,000 after buying an additional 200 shares in the last quarter. 88.05% of the stock is owned by institutional investors and hedge funds.

American Equity Investment Life Holding (NYSE:AEL) traded down 1.5977% during trading on Friday, hitting $21.5501. 500,757 shares of the stock traded hands. American Equity Investment Life Holding has a 12 month low of $12.65 and a 12 month high of $27.86. The firm’s 50-day moving average is $18.26 and its 200-day moving average is $16.51. The stock’s market cap is $1.86 billion.

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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