American Equity Investment Life Holding (NYSE:AEL) CFO Sells $275,900.00 in Stock

American Equity Investment Life Holding (NYSE:AEL) CFO Ted Morris Johnson sold 10,000 shares of American Equity Investment Life stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $27.59, for a total value of $275,900.00. Following the transaction, the chief financial officer now directly owns 106,833 shares of the company’s stock, valued at $2,947,522.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NYSE AEL opened at $26.82 on Monday. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 6.88 and a beta of 2.16. American Equity Investment Life Holding has a 52-week low of $25.27 and a 52-week high of $38.56. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.11 and a quick ratio of 0.11.

American Equity Investment Life (NYSE:AEL) last issued its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.05. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $625.65 million. American Equity Investment Life had a return on equity of 13.92% and a net margin of 13.62%. The business’s revenue was up 741.8% on a year-over-year basis. During the same period last year, the business earned $0.85 earnings per share. As a group, sell-side analysts predict that American Equity Investment Life Holding will post 3.91 earnings per share for the current year.

Large investors have recently made changes to their positions in the company. Royce & Associates LP acquired a new stake in shares of American Equity Investment Life in the fourth quarter valued at $49,000. Quadrant Capital Group LLC increased its stake in shares of American Equity Investment Life by 547.5% in the first quarter. Quadrant Capital Group LLC now owns 2,331 shares of the financial services provider’s stock valued at $60,000 after buying an additional 1,971 shares in the last quarter. Global Retirement Partners LLC increased its stake in shares of American Equity Investment Life by 45.5% in the first quarter. Global Retirement Partners LLC now owns 2,496 shares of the financial services provider’s stock valued at $67,000 after buying an additional 780 shares in the last quarter. Advisor Group Inc. increased its stake in shares of American Equity Investment Life by 32.0% in the fourth quarter. Advisor Group Inc. now owns 8,787 shares of the financial services provider’s stock valued at $245,000 after buying an additional 2,129 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of American Equity Investment Life in the first quarter valued at $250,000. Institutional investors own 92.19% of the company’s stock.

A number of brokerages have issued reports on AEL. Raymond James cut their price objective on American Equity Investment Life from $38.00 to $32.00 and set an “outperform” rating for the company in a report on Friday, June 14th. ValuEngine cut American Equity Investment Life from a “hold” rating to a “sell” rating in a report on Thursday, May 23rd. TheStreet raised American Equity Investment Life from a “c+” rating to a “b-” rating in a report on Monday, May 20th. Zacks Investment Research raised American Equity Investment Life from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Monday, May 6th. Finally, UBS Group lifted their price objective on American Equity Investment Life from $29.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. American Equity Investment Life has a consensus rating of “Hold” and an average target price of $35.00.

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. It markets its products through independent agents, including national marketing organizations, broker/dealers, banks, and registered investment advisors.

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