American Equity Investment Life Holding (NYSE:AEL)’s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $27.17 and traded as high as $26.92. American Equity Investment Life shares last traded at $26.24, with a volume of 6,497 shares traded.

A number of equities analysts have weighed in on the stock. Raymond James reaffirmed a “hold” rating on shares of Broadcom in a research note on Friday, June 14th. ValuEngine raised shares of Zogenix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th. Zacks Investment Research downgraded shares of Green Plains Partners from a “buy” rating to a “hold” rating in a research note on Friday. TheStreet downgraded shares of Tribune Publishing from a “c-” rating to a “d+” rating in a research note on Monday, May 20th. Finally, UBS Group raised their target price on shares of Tableau Software to $134.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $33.50.

The company’s 50 day simple moving average is $27.01. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 5.62 and a beta of 2.00.

American Equity Investment Life (NYSE:AEL) last issued its earnings results on Wednesday, May 1st. The financial services provider reported $0.97 EPS for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.05. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $625.65 million. The business’s revenue was up 741.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 EPS. On average, equities research analysts expect that American Equity Investment Life Holding will post 3.89 earnings per share for the current year.

In other American Equity Investment Life news, VP Jeffrey D. Lorenzen sold 12,413 shares of the firm’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $27.25, for a total transaction of $338,254.25. Following the completion of the transaction, the vice president now directly owns 41,030 shares of the company’s stock, valued at approximately $1,118,067.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Ted Morris Johnson sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $27.59, for a total transaction of $275,900.00. Following the transaction, the chief financial officer now directly owns 106,833 shares of the company’s stock, valued at $2,947,522.47. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 122,413 shares of company stock valued at $3,336,254. Company insiders own 1.99% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its holdings in shares of American Equity Investment Life by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,446,044 shares of the financial services provider’s stock valued at $208,042,000 after buying an additional 48,459 shares during the period. Clearbridge Investments LLC boosted its holdings in shares of American Equity Investment Life by 6.8% in the 1st quarter. Clearbridge Investments LLC now owns 1,650,649 shares of the financial services provider’s stock valued at $44,601,000 after buying an additional 105,509 shares during the period. Bank of America Corp DE boosted its holdings in shares of American Equity Investment Life by 14.3% in the 4th quarter. Bank of America Corp DE now owns 1,408,123 shares of the financial services provider’s stock valued at $39,342,000 after buying an additional 176,159 shares during the period. Norges Bank acquired a new position in shares of American Equity Investment Life in the 4th quarter valued at about $38,177,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of American Equity Investment Life by 9.4% in the 1st quarter. JPMorgan Chase & Co. now owns 1,344,113 shares of the financial services provider’s stock valued at $36,318,000 after buying an additional 115,028 shares during the period. 92.27% of the stock is owned by institutional investors.

About American Equity Investment Life (NYSE:AEL)

American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products and services in the United States. The company issues fixed index and rate annuities; and single premium immediate annuities, as well as life insurance products. It markets its products through independent agents, including national marketing organizations, broker/dealers, banks, and registered investment advisors.

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