Insider Selling: Athene Holding Ltd (NYSE:ATH) Director Sells 40,000 Shares of Stock

Athene Holding Ltd (NYSE:ATH) Director Manfred Puffer sold 40,000 shares of the business’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $50.44, for a total transaction of $2,017,600.00. Following the completion of the sale, the director now owns 15,728 shares in the company, valued at $793,320.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Manfred Puffer also recently made the following trade(s):

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  • On Friday, March 9th, Manfred Puffer sold 10,000 shares of Athene stock. The stock was sold at an average price of $52.92, for a total transaction of $529,200.00.

Athene stock opened at $47.55 on Friday. The company has a market cap of $9,585.11, a PE ratio of 8.53, a price-to-earnings-growth ratio of 0.60 and a beta of 0.23. Athene Holding Ltd has a 52 week low of $45.15 and a 52 week high of $55.22.

Athene (NYSE:ATH) last released its earnings results on Wednesday, February 21st. The insurance provider reported $1.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.46. Athene had a return on equity of 12.97% and a net margin of 16.47%. The company had revenue of $861.00 million during the quarter, compared to analysts’ expectations of $884.38 million. During the same period in the prior year, the business posted $1.80 EPS. sell-side analysts anticipate that Athene Holding Ltd will post 5.29 earnings per share for the current year.

A number of research analysts have issued reports on ATH shares. Zacks Investment Research upgraded shares of Athene from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Wednesday, March 7th. UBS upgraded shares of Athene from a “neutral” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Friday, March 2nd. Wells Fargo reiterated a “buy” rating and set a $63.00 price objective on shares of Athene in a report on Friday, December 22nd. Evercore ISI reiterated a “buy” rating and set a $68.00 price objective on shares of Athene in a report on Thursday, December 21st. Finally, BMO Capital Markets reissued a “hold” rating and set a $61.00 target price on shares of Athene in a research report on Friday, December 22nd. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Athene presently has an average rating of “Buy” and a consensus price target of $62.38.

A number of institutional investors and hedge funds have recently made changes to their positions in ATH. Aperio Group LLC lifted its stake in Athene by 52.7% in the third quarter. Aperio Group LLC now owns 6,427 shares of the insurance provider’s stock valued at $346,000 after buying an additional 2,219 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its stake in Athene by 147.0% in the third quarter. Public Employees Retirement Association of Colorado now owns 3,379 shares of the insurance provider’s stock valued at $182,000 after buying an additional 2,011 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new stake in Athene in the third quarter valued at $376,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Athene by 10.8% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 16,986 shares of the insurance provider’s stock valued at $915,000 after buying an additional 1,658 shares during the last quarter. Finally, State of Wisconsin Investment Board lifted its stake in Athene by 25.1% in the third quarter. State of Wisconsin Investment Board now owns 97,270 shares of the insurance provider’s stock valued at $5,237,000 after buying an additional 19,530 shares during the last quarter. Hedge funds and other institutional investors own 50.51% of the company’s stock.

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Athene Company Profile

Athene Holding Ltd. is an insurance holding company. The Company’s segments include Retirement Services, Corporate and Other. Retirement Services segment consists of the United States and Bermuda operations, which issue and reinsure retirement savings products and institutional products. Retirement Services has retail operations, which provide annuity retirement solutions to its policyholders.

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