The Executive VP-Chief Inv Officer of American Equity Investment Life (AEL) is Selling Shares

Yesterday, the Executive VP-Chief Inv Officer of American Equity Investment Life (AEL), Jeffrey Lorenzen, sold shares of AEL for $338.3K.

Following Jeffrey Lorenzen’s last AEL Sell transaction on February 18, 2016, the stock climbed by 14.0%. In addition to Jeffrey Lorenzen, 5 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 $555 million and had a net profit of $93.9 million. AEL’s market cap is $2.48B and the company has a P/E ratio of 8.73. Currently, American Equity Investment Life has an average volume of 340.4K.

In the last 30 days, insiders have sold $3.34M worth of AEL shares and purchased $58.5K worth of AEL shares. The insider sentiment on American Equity Investment Life has been neutral according to 48 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

Jeffrey Lorenzen’s trades have generated a 17.9% 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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