Alan David Matula Acquires 6,270 Shares of American Equity Investment Life Holding (AEL) Stock

American Equity Investment Life Holding (NYSE:AEL) Director Alan David Matula bought 6,270 shares of American Equity Investment Life Holding stock in a transaction that occurred on Wednesday, May 17th. The stock was purchased at an average cost of $23.96 per share, with a total value of $150,229.20. Following the completion of the acquisition, the director now directly owns 13,220 shares in the company, valued at approximately $316,751.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

American Equity Investment Life Holding (NYSE:AEL) traded up 0.57% on Friday, reaching $24.57. The company’s stock had a trading volume of 204,797 shares. The firm has a 50-day moving average of $23.78 and a 200 day moving average of $23.37. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 11.83 and a beta of 2.36. American Equity Investment Life Holding has a 12-month low of $13.07 and a 12-month high of $28.00.

American Equity Investment Life Holding (NYSE:AEL) last issued its quarterly earnings results on Wednesday, May 3rd. The financial services provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.08. The business had revenue of $927.30 million during the quarter, compared to the consensus estimate of $532.31 million. American Equity Investment Life Holding had a return on equity of 4.79% and a net margin of 3.75%. The company’s quarterly revenue was up 122.1% on a year-over-year basis. During the same quarter last year, the company earned $0.25 earnings per share. On average, equities research analysts anticipate that American Equity Investment Life Holding will post $2.48 EPS for the current fiscal year.

WARNING: “Alan David Matula Acquires 6,270 Shares of American Equity Investment Life Holding (AEL) Stock” was first posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this news story can be read at https://www.chaffeybreeze.com/2017/05/19/alan-david-matula-acquires-6270-shares-of-american-equity-investment-life-holding-ael-stock.html.

Large investors have recently modified their holdings of the company. State of Alaska Department of Revenue increased its stake in shares of American Equity Investment Life Holding by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 9,790 shares of the financial services provider’s stock valued at $231,000 after buying an additional 270 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in American Equity Investment Life Holding by 1.4% in the first quarter. Municipal Employees Retirement System of Michigan now owns 20,130 shares of the financial services provider’s stock worth $476,000 after buying an additional 270 shares during the period. BlackRock Inc. increased its stake in American Equity Investment Life Holding by 1.6% in the third quarter. BlackRock Inc. now owns 22,807 shares of the financial services provider’s stock worth $404,000 after buying an additional 353 shares during the period. Elkfork Partners LLC increased its stake in American Equity Investment Life Holding by 11.0% in the first quarter. Elkfork Partners LLC now owns 4,508 shares of the financial services provider’s stock worth $107,000 after buying an additional 448 shares during the period. Finally, Meadow Creek Investment Management LLC increased its stake in American Equity Investment Life Holding by 11.0% in the first quarter. Meadow Creek Investment Management LLC now owns 5,474 shares of the financial services provider’s stock worth $129,000 after buying an additional 544 shares during the period. 90.77% of the stock is owned by institutional investors and hedge funds.

AEL has been the subject of several recent analyst reports. Keefe, Bruyette & Woods initiated coverage on American Equity Investment Life Holding in a research note on Wednesday, April 26th. They issued a “market perform” rating and a $26.00 price target for the company. FBR & Co upped their price target on American Equity Investment Life Holding from $25.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, February 13th. Citigroup Inc initiated coverage on American Equity Investment Life Holding in a research note on Thursday, January 26th. They issued a “neutral” rating and a $25.00 price target for the company. Finally, TheStreet upgraded American Equity Investment Life Holding from a “c” rating to a “b-” rating in a research note on Thursday, February 9th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. American Equity Investment Life Holding currently has a consensus rating of “Buy” and a consensus target price of $24.13.

About American Equity Investment Life Holding

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.

5 Day Chart for NYSE:AEL

Receive News & Ratings for American Equity Investment Life Holding Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Equity Investment Life Holding and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply