There has been some buying and selling insider activity on American Equity Investment Life (NYSE:AEL) recently. Harley A. Whitfield, Director let go of $54,000 worth of shares at a price of $18.00 on September 21st. That brings Whitfield’s holdings to $531,000 per an SEC filing yesterday. Ronald James Grensteiner, EVP disclosed the purchase of 1,770 shares. The shares were bought on June 30th for an average price of $14.08. Grensteiner now owns $1,186,226 of the stock per the Form 4 SEC filing.
Director Alexander Meeker Clark let go of 5,000 shares at an average price of $16.66 on Wed the 8th. Clark now owns $141,610 of stock as reported to the SEC.
Here are some other firms who have updated their holdings. Macquarie Group Ltd bolstered its holdings by buying 490,506 shares an increase of 17.2% as of 06/30/2016. Macquarie Group Ltd controls 3,336,046 shares with a value of $47,539,000. The value of the position overall is down by 0.6%. Mason Street Advisors, LLC expanded its ownership by buying 2,941 shares an increase of 22.4% in the quarter. Mason Street Advisors, LLC now controls 16,085 shares worth $229,000. The total value of its holdings decreased 27.5%.
As of quarter end Royal Bank Of Canada had bought 53 shares growing its holdings by 38.7%. The value of the investment in (AEL) went from $2,000 to $3,000 a change of $1,000 quarter over quarter. Ifp Advisors, Inc grew its stake by buying 76 shares an increase of 292.3%. Ifp Advisors, Inc currently owns 102 shares valued at $1,000. The value of the position overall is up by 0.0%.
Equity analyst JP Morgan both upgraded the stock and lowered the price target on June 6 changing the price objective from $28.00 to $20.00 and altering the rating from “Neutral” to “Overweight”. On June 6 the stock rating was upgraded from “Neutral” to “Overweight” and a price target of $20.00 was set in a statement from JP Morgan.
On April 7 the company was downgraded to “Hold” from “Buy” by analysts at Sandler O’Neill. Equity analyst RBC Capital started coverage giving it an initial rating of “Outperform” and a price target of $24.00.
JP Morgan began coverage of the stock by announcing an initial rating of “Neutral” and price target of $28.00. On August 31 Raymond James made no change to the stock rating of “Outperform” but lowered the price expectation to $29.00 from $30.50.
The company is so far trading up by 0.91% since yesterday’s close of $17.59. The stock is trading at $17.75 just a bit higher than $17.13, the 50 day moving average and a tad higher than the 200 day moving average of $15.76. The 50 day moving average was up $0.62 whereas the 200 day moving average was up $1.99 or +12.60%.
The P/E ratio is currently 14.44 and the market cap of the company is 1.46B. As of the last earnings report the EPS was $1.23 and is projected to be $2.05 for the current year with 82,293,000 shares outstanding. Analysts expect next quarter’s EPS will be $0.59 and the next full year EPS is projected to be $2.42.