The CFO & Treasurer of American Equity Investment Life is Exercising Options


Today it was reported that the CFO & Treasurer of American Equity Investment Life (AEL), Ted Morris Johnson, exercised options to buy 20,000 AEL shares at $7.00 a share, for a total transaction value of $140K. The options were close to expired and Ted Morris Johnson retained stocks.

Following this transaction Ted Morris Johnson’s holding in the company was increased by 22.06% to a total of $3.19 million. Following Ted Morris Johnson’s last AEL Buy transaction on November 13, 2014, the stock climbed by 2.9%.

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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 245.6K.

The insider sentiment on American Equity Investment Life has been positive according to 35 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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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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