American Equity Investment Life Holding (NYSE:AEL) TEU sells $351,992.28 in stock


Investment in American shares Life Holding (NYSE:AELGet a rating) EVP Ronald James Grensteiner sold 9,188 shares of American Equity Investment Life in a trade that took place on Tuesday, April 12. 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 of the company, valued at approximately $3,411,084.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink.

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

  • On Monday, March 14, 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 20, 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 200-day simple moving average of $37.47. American Equity Investment Life Holding has a 12-month low of $27.12 and a 12-month high of $44.49. The company 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 ratio of 0.09.

Investment in American Life stocks (NYSE:AELGet a rating) last released its quarterly earnings data on Thursday, February 17. The financial services provider reported EPS of $1.04 for the quarter, missing analyst consensus estimates of $1.05 per ($0.01). American Equity Investment Life posted a net margin of 12.85% and a return on equity of 6.27%. The company posted revenue of $514.60 million in the quarter, versus a consensus estimate of $506.04 million. In the same quarter last year, the company posted earnings per share of $0.77. On average, equity research analysts expect American Equity Investment Life Holding to post EPS of 4.26 for the current fiscal year.

Several research analysts have weighed in on the company. Royal Bank of Canada raised its price target 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 12. StockNews.com purported coverage of American Equity Investment Life in a Thursday, March 31 research report. They issued a “holding” rating on the stock. Evercore ISI upgraded American Equity Investment Life from an “in-line” rating to an “outperforming” rating and raised its price target for the stock from $34.00 to $46.00 in a Wednesday research report January 5. Piper Sandler upgraded American Equity Investment Life from a “neutral” rating to an “overweight” rating and raised its price target for the company from $36.00 to $46.00 in a Wednesday, Jan. 5 research report . Finally, JPMorgan Chase & Co. raised its price target on American Equity Investment Life from $37.00 to $41.00 in a research report on Tuesday, January 4. Five investment analysts gave the stock a hold rating and six gave the company a buy rating. 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 increased or reduced their stakes in the company. EverSource Wealth Advisors LLC bought a new stock position in American Equity Investment Life in the fourth quarter, valued at around $27,000. Byrne Asset Management LLC increased its position in American Equity Investment Life shares by 95.9% in the first quarter. Byrne Asset Management LLC now owns 960 shares of the financial services provider valued at $38,000 after acquiring an additional 470 shares during the period. Strs Ohio bought a new stock position in American Equity Investment Life in the fourth quarter, valued at around $42,000. Signaturefd LLC increased its position in American Equity Investment Life stocks by 205.4% in the third quarter. Signaturefd LLC now owns 1,655 shares of the financial services provider valued at $49,000 after acquiring 1,113 additional shares during the period. Finally, Covestor Ltd bought a new position in shares of American Equity Investment Life in the fourth quarter valued at around $61,000. Institutional investors hold 93.49% of the company’s shares.

About American Equity Investment Life (Get a rating)

American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products in the United States. The company issues index and fixed 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 advisers.

Further reading

Insider buying and selling by quarter for American Equity Investment Life (NYSE:AEL)



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