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American Equity Investment Life Holding (NYSE:AEL) Director Gerard D. Neugent sold 10,000 shares of American Equity Investment Life Holding stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $24.68, for a total transaction of $246,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

AEL has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of American Equity Investment Life Holding from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 19th. They now have a $25.60 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of American Equity Investment Life Holding from $24.00 to $26.00 in a research note on Monday, May 5th. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $25.32.

Shares of American Equity Investment Life Holding (NYSE:AEL) traded up 1.59% on Thursday, hitting $24.88. 163,734 shares of the company’s stock traded hands. American Equity Investment Life Holding has a one year low of $15.75 and a one year high of $26.46. The stock’s 50-day moving average is $23.4 and its 200-day moving average is $23.29. The company has a market cap of $1.813 billion and a P/E ratio of 8.62.

American Equity Investment Life Holding (NYSE:AEL) last announced its earnings results on Wednesday, April 30th. The company reported $0.47 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.48 by $0.01. On average, analysts predict that American Equity Investment Life Holding will post $2.04 earnings per share for the current fiscal year.

American Equity Investment Life Holding Company is engaged in the development and sale of fixed index and fixed rate annuity products.

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