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American Equity Investment Life Holding (NYSE:AEL) CEO John M. Matovina sold 4,000 shares of American Equity Investment Life Holding stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $24.64, for a total transaction of $98,560.00. Following the sale, the chief executive officer now directly owns 125,084 shares of the company’s stock, valued at approximately $3,082,070. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

American Equity Investment Life Holding (NYSE:AEL) traded up 1.19% on Friday, hitting $24.74. The stock had a trading volume of 197,286 shares. American Equity Investment Life Holding has a 52 week low of $18.84 and a 52 week high of $26.46. The stock’s 50-day moving average is $23.26 and its 200-day moving average is $23.11. The company has a market cap of $1.846 billion and a P/E ratio of 14.51.

American Equity Investment Life Holding (NYSE:AEL) last announced its earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.50 by $0.02. The company had revenue of $670.70 million for the quarter, compared to the consensus estimate of $382.36 million. During the same quarter last year, the company posted $0.43 earnings per share. American Equity Investment Life Holding’s revenue was up 49.8% compared to the same quarter last year. Analysts expect that American Equity Investment Life Holding will post $1.97 EPS for the current fiscal year.

Separately, analysts at FBR Capital Markets raised their price target on shares of American Equity Investment Life Holding from $25.00 to $27.00 in a research note on Thursday, July 24th. They now have an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. American Equity Investment Life Holding has a consensus rating of “Buy” and an average target price of $25.75.

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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