American Equity Investment Life Target of Unusually Large Options Trading (AEL)

American Equity Investment Life Holding (NYSE:AEL) was the target of unusually large options trading activity on Monday. Traders bought 462 call options on the company. This represents an increase of 645% compared to the average daily volume of 62 call options.

Shares of NYSE AEL opened at $36.20 on Tuesday. The stock has a market cap of $3.28 billion, a PE ratio of 11.46 and a beta of 2.48. American Equity Investment Life has a 1 year low of $24.51 and a 1 year high of $37.16. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.29.

American Equity Investment Life (NYSE:AEL) last issued its quarterly earnings data on Wednesday, May 2nd. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. The firm had revenue of $510.78 million during the quarter, compared to analysts’ expectations of $514.11 million. American Equity Investment Life had a net margin of 8.49% and a return on equity of 11.22%. During the same period last year, the company earned $0.66 earnings per share. research analysts anticipate that American Equity Investment Life will post 3.43 EPS for the current fiscal year.



A number of equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of American Equity Investment Life from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Monday, May 28th. ValuEngine upgraded shares of American Equity Investment Life from a “hold” rating to a “buy” rating in a report on Tuesday, May 22nd. Finally, UBS Group assumed coverage on shares of American Equity Investment Life in a report on Friday, March 2nd. They issued a “sell” rating and a $30.00 price target for the company. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. American Equity Investment Life has a consensus rating of “Buy” and a consensus target price of $32.71.

In other American Equity Investment Life news, EVP Ronald James Grensteiner sold 28,020 shares of the firm’s stock in a transaction on Friday, March 23rd. The shares were sold at an average price of $30.61, for a total value of $857,692.20. Following the completion of the sale, the executive vice president now directly owns 122,792 shares in the company, valued at $3,758,663.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.90% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Mason Street Advisors LLC grew its holdings in shares of American Equity Investment Life by 7.6% during the first quarter. Mason Street Advisors LLC now owns 24,934 shares of the financial services provider’s stock valued at $732,000 after buying an additional 1,754 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of American Equity Investment Life by 2.7% during the first quarter. Massachusetts Financial Services Co. MA now owns 68,719 shares of the financial services provider’s stock valued at $2,018,000 after buying an additional 1,793 shares during the last quarter. Piermont Capital Management Inc. grew its holdings in shares of American Equity Investment Life by 2.3% during the first quarter. Piermont Capital Management Inc. now owns 90,277 shares of the financial services provider’s stock valued at $2,651,000 after buying an additional 2,010 shares during the last quarter. Profund Advisors LLC grew its holdings in shares of American Equity Investment Life by 15.5% during the first quarter. Profund Advisors LLC now owns 15,864 shares of the financial services provider’s stock valued at $466,000 after buying an additional 2,130 shares during the last quarter. Finally, FDx Advisors Inc. lifted its position in shares of American Equity Investment Life by 8.2% during the fourth quarter. FDx Advisors Inc. now owns 28,693 shares of the financial services provider’s stock valued at $882,000 after purchasing an additional 2,166 shares in the last quarter. Hedge funds and other institutional investors own 93.45% of the company’s stock.

About American Equity Investment Life

American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products and services in the United States. The company issues fixed index and rate annuities; and single premium immediate annuities, as well as life insurance products. The company markets its products through various distribution channels, including national marketing organizations, broker/dealers, banks, and registered investment advisors.

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