Alexander Meeker Clark Sells 2,500 Shares of American Equity Investment Life Holding (AEL) Stock

American Equity Investment Life Holding (NYSE:AEL) Director Alexander Meeker Clark sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $32.75, for a total value of $81,875.00. Following the completion of the sale, the director now directly owns 6,000 shares in the company, valued at $196,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of American Equity Investment Life Holding (NYSE AEL) traded up $0.19 during mid-day trading on Friday, hitting $31.97. The stock had a trading volume of 22,358 shares, compared to its average volume of 604,192. American Equity Investment Life Holding has a 12-month low of $22.23 and a 12-month high of $35.79. The firm has a market capitalization of $2,936.31, a price-to-earnings ratio of 16.38 and a beta of 2.50. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.26.

American Equity Investment Life (NYSE:AEL) last announced its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.14. American Equity Investment Life had a return on equity of 10.65% and a net margin of 4.49%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $550.89 million. During the same period last year, the firm posted $0.63 earnings per share. The business’s revenue for the quarter was up 99.0% on a year-over-year basis. analysts forecast that American Equity Investment Life Holding will post 3.4 EPS for the current year.

Hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its position in shares of American Equity Investment Life by 2.2% during the second quarter. Public Employees Retirement System of Ohio now owns 8,511 shares of the financial services provider’s stock worth $224,000 after acquiring an additional 183 shares during the last quarter. New Amsterdam Partners LLC NY raised its position in shares of American Equity Investment Life by 0.4% during the fourth quarter. New Amsterdam Partners LLC NY now owns 408,953 shares of the financial services provider’s stock worth $12,567,000 after acquiring an additional 1,598 shares during the last quarter. James Investment Research Inc. raised its position in shares of American Equity Investment Life by 2.1% during the fourth quarter. James Investment Research Inc. now owns 97,265 shares of the financial services provider’s stock worth $2,989,000 after acquiring an additional 1,980 shares during the last quarter. FDx Advisors Inc. raised its position in shares of American Equity Investment Life by 8.2% during the fourth quarter. FDx Advisors Inc. now owns 28,693 shares of the financial services provider’s stock worth $882,000 after acquiring an additional 2,166 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of American Equity Investment Life by 6.4% during the fourth quarter. Louisiana State Employees Retirement System now owns 38,300 shares of the financial services provider’s stock worth $1,177,000 after acquiring an additional 2,300 shares during the last quarter. 97.27% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently weighed in on AEL shares. Royal Bank of Canada raised their price objective on American Equity Investment Life from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. ValuEngine raised American Equity Investment Life from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 22nd. B. Riley reaffirmed a “hold” rating and issued a $26.00 price objective on shares of American Equity Investment Life in a research note on Wednesday, November 15th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $38.00 price objective on shares of American Equity Investment Life in a research note on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. American Equity Investment Life currently has an average rating of “Buy” and an average target price of $31.00.

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American Equity Investment Life Company Profile

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 life insurance subsidiaries, American Equity Investment Life Insurance Company, American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company.

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