Today it was reported that the CFO & Treasurer of American Equity Investment Life (AEL), Ted Morris Johnson, exercised options to sell 10,000 AEL shares at $9.27 a share, for a total transaction value of $275.8K.
In addition to Ted Morris Johnson, 2 other AEL executives reported Sell trades in the last month.
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Based on American Equity Investment Life’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $616 million and GAAP net loss of $30.01 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 $2.5B and the company has a P/E ratio of 8.78. Currently, American Equity Investment Life has an average volume of 152.7K.
In the last 30 days, insiders have sold $2.47M worth of AEL shares and purchased $58.5K worth of AEL shares. The insider sentiment on American Equity Investment Life has been positive according to 45 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.
