American Equity Investment Life Holding (NYSE:AEL) CEO Sells $637,000.00 in Stock

American Equity Investment Life Holding (NYSE:AEL) CEO John M. Matovina sold 20,000 shares of the business’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $31.85, for a total transaction of $637,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

AEL opened at $28.86 on Monday. American Equity Investment Life Holding has a twelve month low of $22.23 and a twelve month high of $35.79. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.12 and a quick ratio of 0.12. The stock has a market cap of $2,593.94, a P/E ratio of 9.13 and a beta of 2.45.

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American Equity Investment Life (NYSE:AEL) last announced its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.14. American Equity Investment Life had a net margin of 4.49% and a return on equity of 10.65%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $550.89 million. During the same quarter in the prior year, the company earned $0.63 EPS. American Equity Investment Life’s revenue was up 99.0% compared to the same quarter last year. sell-side analysts expect that American Equity Investment Life Holding will post 3.4 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio grew its stake in American Equity Investment Life by 2.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,511 shares of the financial services provider’s stock valued at $224,000 after acquiring an additional 183 shares in the last quarter. New Amsterdam Partners LLC NY grew its stake in American Equity Investment Life by 0.4% during the 4th quarter. New Amsterdam Partners LLC NY now owns 408,953 shares of the financial services provider’s stock valued at $12,567,000 after acquiring an additional 1,598 shares in the last quarter. James Investment Research Inc. grew its stake in American Equity Investment Life by 2.1% during the 4th quarter. James Investment Research Inc. now owns 97,265 shares of the financial services provider’s stock valued at $2,989,000 after acquiring an additional 1,980 shares in the last quarter. FDx Advisors Inc. grew its stake in shares of American Equity Investment Life by 8.2% in the 4th quarter. FDx Advisors Inc. now owns 28,693 shares of the financial services provider’s stock valued at $882,000 after buying an additional 2,166 shares during the period. Finally, Louisiana State Employees Retirement System grew its stake in shares of American Equity Investment Life by 6.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 38,300 shares of the financial services provider’s stock valued at $1,177,000 after buying an additional 2,300 shares during the period. 93.49% of the stock is owned by institutional investors.

A number of research analysts recently issued reports on AEL shares. ValuEngine downgraded shares of American Equity Investment Life from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 9th. UBS began coverage on shares of American Equity Investment Life in a research report on Friday, March 2nd. They issued a “sell” rating and a $30.00 price objective for the company. Finally, SunTrust Banks reiterated a “buy” rating and issued a $38.00 price objective on shares of American Equity Investment Life in a research report on Friday, February 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $30.88.

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American Equity Investment Life Company Profile

American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products and services in the United States. The company issues fixed index and rate annuities; and single premium immediate annuities, as well as life insurance products. The company markets its products through various distribution channels, including national marketing organizations, broker/dealers, banks, and registered investment advisors.

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