Today it was reported that the CEO & President of American Equity Investment Life (AEL), John Matovina, 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 John Matovina retained stocks.
Following John Matovina’s last AEL Buy transaction on March 02, 2016, the stock climbed by 16.0%. This recent transaction increases John Matovina’s holding in the company by 17.32% to a total of $8.18 million.
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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 $580 million and had a net profit of $36.8 million. AEL’s market cap is $2.73B and the company has a P/E ratio of 6.02. Currently, American Equity Investment Life has an average volume of 204.3K.
John Matovina’s trades have generated a 0.1% 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.
