American Equity Investment Life Holding Co. (NYSE:AEL) had its price objective lifted by stock analysts at FBR & Co from $23.00 to $25.00 in a research report issued to clients and investors on Monday. The brokerage presently has an “outperform” rating on the stock. FBR & Co’s target price points to a potential upside of 23.40% from the stock’s current price.

Several other equities research analysts have also commented on the stock. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $20.00 price target 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 “strong sell” rating to a “hold” rating in a report on Tuesday, November 8th. Sandler O’Neill raised 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 report on Friday, November 4th. TheStreet lowered shares of American Equity Investment Life Holding from a “buy” rating to a “hold” rating in a report on Wednesday, November 2nd. Finally, Credit Suisse Group AG began coverage on shares of American Equity Investment Life Holding in a report on Friday, October 7th. They issued 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 given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $20.67.

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

Shares of American Equity Investment Life Holding (NYSE:AEL) opened at 20.26 on Monday. American Equity Investment Life Holding has a one year low of $12.65 and a one year high of $27.86. The stock has a 50 day moving average price of $18.88 and a 200 day moving average price of $16.90. The company’s market capitalization is $1.75 billion.

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

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In related news, Director Alexander Meeker Clark sold 3,000 shares of the firm’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $20.57, for a total value of $61,710.00. Following the transaction, 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 Securities & Exchange Commission, which is available at this link. 4.43% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Springbok Capital Management LLC bought a new position in shares of American Equity Investment Life Holding during the first quarter worth $111,000. Bank of Montreal Can raised its position in shares of 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 in the last quarter. Tower Research Capital LLC TRC raised its position in shares of 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 in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of 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 in the last quarter. Finally, Acrospire Investment Management LLC raised its position in shares of 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 in the last quarter. 89.44% of the stock is currently owned by hedge funds and other institutional investors.

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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