American Equity Investment Life Holding Co. (NYSE:AEL) declared an annual dividend on Friday, November 18th. Investors of record on Monday, December 5th will be given a dividend of 0.24 per share on Tuesday, December 20th. This represents a yield of 1.11%. The ex-dividend date is Thursday, December 1st. This is an increase from American Equity Investment Life Holding’s previous annual dividend of $0.22.

American Equity Investment Life Holding (NYSE:AEL) opened at 21.61 on Monday. The company’s market cap is $1.86 billion. American Equity Investment Life Holding has a 52-week low of $12.65 and a 52-week high of $27.86. The company’s 50-day moving average is $17.83 and its 200 day moving average is $16.33.

Dividend History for American Equity Investment Life Holding (NYSE:AEL)

In related news, Director Alexander Meeker Clark sold 3,000 shares of American Equity Investment Life Holding stock in a transaction dated 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 in the company, valued at approximately $156,332. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.43% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the company. ProShare Advisors LLC increased its stake in American Equity Investment Life Holding by 271.4% in the second quarter. ProShare Advisors LLC now owns 130,991 shares of the company’s stock valued at $1,867,000 after buying an additional 95,723 shares during the last quarter. Profund Advisors LLC increased its stake in American Equity Investment Life Holding by 5.7% in the second quarter. Profund Advisors LLC now owns 26,650 shares of the company’s stock valued at $380,000 after buying an additional 1,446 shares during the last quarter. Kempen Capital Management N.V. acquired a new stake in American Equity Investment Life Holding during the second quarter valued at approximately $389,000. Teachers Advisors Inc. increased its stake in American Equity Investment Life Holding by 23.1% in the second quarter. Teachers Advisors Inc. now owns 1,056,020 shares of the company’s stock valued at $15,048,000 after buying an additional 197,924 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in American Equity Investment Life Holding by 15.0% in the second quarter. TIAA CREF Investment Management LLC now owns 386,635 shares of the company’s stock valued at $5,510,000 after buying an additional 50,569 shares during the last quarter. Institutional investors own 88.05% of the company’s stock.

AEL has been the subject of several recent research reports. TheStreet lowered American Equity Investment Life Holding from a “buy” rating to a “hold” rating in a research report on Wednesday, November 2nd. Credit Suisse Group AG initiated coverage on American Equity Investment Life Holding in a research report on Friday, October 7th. They set a “neutral” rating and a $20.00 price objective for the company. Zacks Investment Research raised American Equity Investment Life Holding from a “sell” rating to a “hold” rating in a research report on Tuesday, October 11th. JPMorgan Chase & Co. reissued a “buy” rating and set a $20.00 price objective on shares of American Equity Investment Life Holding in a research report on Thursday, November 10th. Finally, Sandler O’Neill raised American Equity Investment Life Holding from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Friday, November 4th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $20.00.

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.

5 Day Chart for NYSE:AEL

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