American Equity Investment Life Holding (NYSE:AEL) EVP Sells $351,992.28 in Stock

American Equity Investment Life Holding (NYSE:AELGet Rating) EVP Ronald James Grensteiner sold 9,188 shares of American Equity Investment Life stock in a transaction that occurred on Tuesday, April 12th. The shares were sold at an average price of $38.31, for a total value of $351,992.28. Following the transaction, the executive vice president now directly owns 89,039 shares in the company, valued at approximately $3,411,084.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ronald James Grensteiner also recently made the following trade(s):

  • On Monday, March 14th, Ronald James Grensteiner sold 15,963 shares of American Equity Investment Life stock. The stock was sold at an average price of $38.37, for a total value of $612,500.31.
  • On Thursday, January 20th, Ronald James Grensteiner sold 10,894 shares of American Equity Investment Life stock. The stock was sold at an average price of $42.05, for a total value of $458,092.70.

AEL stock opened at $39.14 on Friday. The stock has a 50-day simple moving average of $39.29 and a two-hundred day simple moving average of $37.47. American Equity Investment Life Holding has a twelve month low of $27.12 and a twelve month high of $44.49. The firm has a market capitalization of $3.79 billion, a PE ratio of 8.62 and a beta of 1.13. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.09.

American Equity Investment Life (NYSE:AELGet Rating) last released its quarterly earnings data on Thursday, February 17th. The financial services provider reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). American Equity Investment Life had a net margin of 12.85% and a return on equity of 6.27%. The firm had revenue of $514.60 million during the quarter, compared to the consensus estimate of $506.04 million. During the same quarter last year, the business posted $0.77 earnings per share. On average, equities research analysts anticipate that American Equity Investment Life Holding will post 4.26 EPS for the current fiscal year.

Several research analysts have weighed in on the company. Royal Bank of Canada boosted their price objective on American Equity Investment Life from $41.00 to $47.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 12th. StockNews.com assumed coverage on American Equity Investment Life in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Evercore ISI raised American Equity Investment Life from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $34.00 to $46.00 in a research report on Wednesday, January 5th. Piper Sandler raised American Equity Investment Life from a “neutral” rating to an “overweight” rating and upped their price target for the company from $36.00 to $46.00 in a research report on Wednesday, January 5th. Finally, JPMorgan Chase & Co. upped their price target on American Equity Investment Life from $37.00 to $41.00 in a research report on Tuesday, January 4th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $42.64.

Hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC bought a new position in shares of American Equity Investment Life in the fourth quarter valued at approximately $27,000. Byrne Asset Management LLC boosted its position in shares of American Equity Investment Life by 95.9% in the first quarter. Byrne Asset Management LLC now owns 960 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 470 shares during the period. Strs Ohio bought a new position in shares of American Equity Investment Life in the fourth quarter valued at approximately $42,000. Signaturefd LLC boosted its position in shares of American Equity Investment Life by 205.4% in the third quarter. Signaturefd LLC now owns 1,655 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 1,113 shares during the period. Finally, Covestor Ltd bought a new position in shares of American Equity Investment Life in the fourth quarter valued at approximately $61,000. Institutional investors own 93.49% of the company’s stock.

About American Equity Investment Life (Get Rating)

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

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Insider Buying and Selling by Quarter for American Equity Investment Life (NYSE:AEL)

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