Insider Selling: Debra J. Richardson Unloads 20,000 Shares of American Equity Investment Life Holding Stock (AEL)
American Equity Investment Life Holding (NYSE:AEL) VP Debra J. Richardson unloaded 20,000 shares of the stock on the open market in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $25.41, for a total transaction of $508,200.00. Following the transaction, the vice president now directly owns 225,798 shares of the company’s stock, valued at approximately $5,737,527. The sale was disclosed in a document filed with the SEC, which is available at this link.
American Equity Investment Life Holding (NYSE:AEL) traded down 0.52% on Thursday, hitting $24.80. The stock had a trading volume of 82,041 shares. American Equity Investment Life Holding has a one year low of $15.47 and a one year high of $26.46. The stock has a 50-day moving average of $22.83 and a 200-day moving average of $23.28. The company has a market cap of $1.807 billion and a P/E ratio of 8.77.
American Equity Investment Life Holding (NYSE:AEL) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.47 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.48 by $0.01. On average, analysts predict that American Equity Investment Life Holding will post $2.04 earnings per share for the current fiscal year.
A number of research firms have recently commented on AEL. Analysts at Zacks upgraded shares of American Equity Investment Life Holding from an “underperform” rating to a “neutral” rating in a research note on Thursday. They now have a $25.60 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of American Equity Investment Life Holding from $24.00 to $26.00 in a research note on Monday, May 5th. They now have a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $25.32.
American Equity Investment Life Holding Company is engaged in the development and sale of fixed index and fixed rate annuity products.
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