American Equity Investment Life Holding Co (AEL) Files Form 4 Insider Selling : Alexander Meeker Clark Sells 5,000 Shares

American Equity Investment Life Holding Co (AEL): Alexander Meeker Clark , director of American Equity Investment Life Holding Co sold 5,000 shares on Jun 8, 2016. The Insider selling transaction was reported by the company on Jun 8, 2016 to the Securities and Exchange Commission. The shares were sold at $16.66 per share for a total value of $83,279.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 8, 2016, Renee Denise Montz (Exec VP-Gen Counsel & Asst Sec) purchased 885 shares at $13.45 per share price.On Apr 8, 2016, Scott A. Samuelson (Vice President-Controller) purchased 3,000 shares at $13.45 per share price.Also, On Mar 15, 2016, James M Gerlach (director) sold 135,000 shares at $15.32 per share price.On Mar 14, 2016, John M Matovina (CEO & President) sold 15,000 shares at $15.19 per share price.

Shares of American Equity Investment Life Holding (AEL) ended Tuesday, Jun 7, 2016 session in red amid volatile trading. The shares closed down -0.1 points or -0.60% at $16.61 with 3,94,117 shares getting traded. Post opening the session at $16.84, the shares hit an intraday low of $16.52 and an intraday high of $16.88 and the price vacillated in this range throughout the day. The company has a market cap of $1,367 M and the number of outstanding shares has been calculated to be 8,22,83,325 shares. The 52-week high of American Equity Investment Life Holding is $30.02 and the 52-week low is $12.65.

American Equity Investment Life Holding Money Flow Index Chart

Company has been under the radar of several Street Analysts.American Equity Investment Life Holding is Upgraded by JP Morgan to Overweight while Lowering the Price Target of the company shares to $ 20 from a previous price target of $23 . Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Jun 6, 2016.American Equity Investment Life Holding is Reiterated by FBR Capital to Outperform and the brokerage firm has raised the Price Target to $ 21 from a previous price target of $20 .The Rating was issued on May 26, 2016.American Equity Investment Life Holding is Reiterated by FBR Capital to Outperform while Lowering the Price Target of the company shares to $ 20 from a previous price target of $23 . The Rating was issued on Apr 11, 2016.American Equity Investment Life Holding is Downgraded by Sandler O’Neill to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 7, 2016.

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 wholly owned life insurance subsidiaries American Equity Investment Life Insurance Company (American Equity Life) American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company (Eagle Life). The Company’s business consists primarily of the sale of fixed index and fixed rate annuities. The Company’s products include Fixed Index Annuities Fixed Rate Annuities Withdrawal Options-Fixed Index and Fixed Rate Annuities and Life Insurance.

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