Dividend Worth Mentioning: Forecasted dividends of $0.24 are lurking just around the corner for American Equity Investment Life Holding Company (NYSE:AEL) shareholder?

Dividend Worth Mentioning: Forecasted dividends of $0.24 are lurking just around the corner for American Equity Investment Life Holding Company (NYSE:AEL) shareholder?

American Equity Investment Life Holding Company (NYSE:AEL) is expected to pay $0.24 on Dec 20, 2016. The indicated annual dividend is $0.24. Shareholders owning the stock before Dec 1, 2016 will be eligible to receive the payout. Based on American Equity Investment Life Holding Company’s current price of $20.26, the dividend is 1.18%. This dividend’s record date is Dec 5, 2016 and the announcement date is Nov 18, 2016. The stock decreased 2.69% or $0.56 during the last trading session, hitting $20.26. American Equity Investment Life Holding (NYSE:AEL) has risen 23.46% since April 27, 2016 and is uptrending. It has outperformed by 18.23% the S&P500.

American Equity Investment Life Holding Company is engaged in the development and sale of fixed index and fixed rate annuity products. The company has a market cap of $1.75 billion. The Firm issues fixed annuity and life insurance products through its life insurance subsidiaries, American Equity Investment Life Insurance Company, American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company. It currently has negative earnings. The Company’s products include Fixed Index Annuities, Fixed Rate Annuities, Withdrawal Options-Fixed Index and Fixed Rate Annuities and Life Insurance.

Insitutional Activity: The institutional sentiment increased to 1.49 in 2016 Q2. Its up 0.45, from 1.04 in 2016Q1. The ratio increased, as 33 funds sold all American Equity Investment Life Holding shares owned while 47 reduced positions. 14 funds bought stakes while 69 increased positions. They now own 74.22 million shares or 7.46% less from 80.21 million shares in 2016Q1.
The British Columbia – Canada-based Pacad Investment has invested 0.02% in American Equity Investment Life Holding (NYSE:AEL). Teacher Retirement Sys Of Texas holds 0% or 11,468 shares in its portfolio. Eagle Boston Inv Mngmt Incorporated, a Massachusetts-based fund reported 360,398 shares. Fifth Third Commercial Bank holds 0% or 346 shares in its portfolio. Regions has 101,418 shares for 0.02% of their US portfolio. Cna Fincl, a Illinois-based fund reported 102,971 shares. Bank & Trust Of America De owns 675,697 shares or 0% of their US portfolio. Lucus Advisors Ltd accumulated 0.29% or 24,790 shares. Thompson Davis Communications reported 1,025 shares or 0.02% of all its holdings. Us Financial Bank De reported 104,219 shares or 0.01% of all its holdings. Moreover, Profit Investment Mngmt Llc has 0.67% invested in American Equity Investment Life Holding (NYSE:AEL) for 58,166 shares. The Texas-based Hillcrest Asset Mgmt Ltd Liability Com has invested 1.08% in American Equity Investment Life Holding (NYSE:AEL). Victory Mngmt Inc last reported 0% of its portfolio in the stock. Wells Fargo Communications Mn accumulated 0.01% or 907,166 shares. Allianz Asset Mngmt Ag, a Germany-based fund reported 104,603 shares.

Insider Transactions: Since June 8, 2016, the stock had 0 insider purchases, and 5 sales for $282,270 net activity. Clark Alexander Meeker had sold 3,000 shares worth $61,720 on Thursday, November 10. On Monday, September 19 WHITFIELD HARLEY A sold $54,000 worth of the stock or 3,000 shares. $21,550 worth of shares were sold by RICHARDSON DEBRA J on Monday, November 14.

American Equity Investment Life Holding (NYSE:AEL) Ratings Coverage

Out of 6 analysts covering American Equity Investment Life (NYSE:AEL), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. $32 is the highest target while $20 is the lowest. The $23.60 average target is 16.49% above today’s ($20.26) stock price. American Equity Investment Life has been the topic of 15 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The rating was maintained by FBR Capital on Monday, December 7 with “Outperform”. Sandler O’Neill downgraded the shares of AEL in a report on Thursday, April 7 to “Hold” rating. The stock of American Equity Investment Life Holding (NYSE:AEL) earned “Outperform” rating by FBR Capital on Monday, August 10. The firm has “Neutral” rating by Credit Suisse given on Friday, October 7. JP Morgan initiated the stock with “Neutral” rating in Friday, January 8 report. The firm earned “Outperform” rating on Monday, November 28 by FBR Capital. The firm has “Outperform” rating by RBC Capital Markets given on Friday, January 29. As per Monday, August 10, the company rating was upgraded by Raymond James. The stock of American Equity Investment Life Holding (NYSE:AEL) earned “Buy” rating by Sandler O’Neill on Friday, November 4. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, February 11.

More news for American Equity Investment Life Holding (NYSE:AEL) were recently published by: Seekingalpha.com, which released: “American Equity Investment Life Holding’s (AEL) CEO John Matovina on Q2 2016 …” on August 06, 2016. Nasdaq.com‘s article titled: “American Equity Investment Life Holding Becomes Oversold (AEL)” and published on November 24, 2015 is yet another important article.

AEL Company Profile

American Equity Investment Life Holding Company, incorporated on December 18, 1997, is engaged in the development and sale of fixed index and fixed rate annuity products. The Firm issues fixed annuity and life insurance products through its 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 Firm operates through the sale of fixed index and fixed rate annuities segment. 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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