American Equity Investment Life Holding Co (AEL) Files Form 4 Insider Buying : Ronald James Grensteiner Buys 1,770 Shares

American Equity Investment Life Holding Co (AEL): Ronald James Grensteiner , Executive Vice President of American Equity Investment Life Holding Co purchased 1,770 shares on Jun 30, 2016. The Insider buying transaction was reported by the company on Jul 5, 2016 to the Securities and Exchange Commission. The shares were purchased at $14.08 per share for a total value of $24,923.55 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 8, 2016, Alexander Meeker Clark (director) sold 5,000 shares at $16.66 per share price.On Apr 8, 2016, Renee Denise Montz (Exec VP-Gen Counsel & Asst Sec) purchased 885 shares at $13.45 per share price.Also, On Apr 8, 2016, Scott A. Samuelson (Vice President-Controller) purchased 3,000 shares at $13.45 per share price.On Mar 15, 2016, James M Gerlach (director) sold 135,000 shares at $15.32 per share price.

American Equity Investment Life Holding: On Friday, Jul 1, 2016 heightened volatility was witnessed in American Equity Investment Life Holding which led to swings in the share price. The shares opened for trading at $14.13 and hit $14.54 on the upside , eventually ending the session at $14.34, with a gain of 0.63% or 0.09 points. The heightened volatility saw the trading volume jump to 4,33,135 shares. The 52-week high of the share price is $30.02 and the company has a market cap of $1,180 M . The 52-week low of the share price is at $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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