A Director at American Equity Investment Life is Exercising Options


Today it was reported that a Director at American Equity Investment Life (AEL), Debra J. Richardson, exercised options to buy 40,000 AEL shares at $7.00 a share, for a total transaction value of $280K. The options were close to expired and Debra J. Richardson retained stocks.

Following this transaction Debra J. Richardson’s holding in the company was increased by 21.85% to a total of $6.43 million. In addition to Debra J. Richardson, one other AEL executive reported Buy trades in the last month.

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Based on American Equity Investment Life’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $622 million and quarterly net profit of $53.82 million. In comparison, last year the company earned revenue of $570 million and had a net profit of $141 million. AEL’s market cap is $2.61B and the company has a P/E ratio of 5.75. Currently, American Equity Investment Life has an average volume of 2,054.

The insider sentiment on American Equity Investment Life has been positive according to 36 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Debra J. Richardson’s trades have generated a -13.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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American Equity Investment Life Holding Co. engages in the development and sale of annuity and life insurance products through its subsidiaries. It focuses on issuing fixed index and fixed rate annuities. The company was founded by David J. Noble on December 15, 1995 and is headquartered in West Des Moines, IA.

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