Renaissance Technologies LLC Has $46.99 Million Holdings in Athene Holding Ltd (ATH)

Renaissance Technologies LLC lifted its stake in Athene Holding Ltd (NYSE:ATH) by 50.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 908,800 shares of the insurance provider’s stock after buying an additional 303,900 shares during the period. Renaissance Technologies LLC owned approximately 0.45% of Athene worth $46,994,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. CI Global Investments Inc. increased its holdings in shares of Athene by 26.6% during the fourth quarter. CI Global Investments Inc. now owns 8,907,931 shares of the insurance provider’s stock worth $460,629,000 after buying an additional 1,871,621 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Athene by 2.3% during the third quarter. Neuberger Berman Group LLC now owns 6,207,101 shares of the insurance provider’s stock worth $334,190,000 after buying an additional 139,195 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of Athene by 1.4% during the fourth quarter. California Public Employees Retirement System now owns 2,572,685 shares of the insurance provider’s stock worth $268,739,000 after buying an additional 35,113 shares in the last quarter. Schroder Investment Management Group increased its holdings in shares of Athene by 231.4% during the fourth quarter. Schroder Investment Management Group now owns 2,392,463 shares of the insurance provider’s stock worth $123,714,000 after buying an additional 1,670,445 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Athene by 4.0% during the fourth quarter. Victory Capital Management Inc. now owns 2,278,104 shares of the insurance provider’s stock worth $117,801,000 after buying an additional 88,100 shares in the last quarter. Institutional investors and hedge funds own 50.51% of the company’s stock.

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ATH has been the subject of a number of recent research reports. Evercore ISI restated a “buy” rating and issued a $68.00 price objective on shares of Athene in a report on Thursday, December 21st. BMO Capital Markets restated a “hold” rating and issued a $61.00 price objective on shares of Athene in a report on Friday, December 22nd. Wells Fargo reaffirmed a “buy” rating and set a $63.00 price target on shares of Athene in a research report on Friday, December 22nd. Zacks Investment Research cut shares of Athene from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Citigroup cut their price target on shares of Athene from $58.00 to $54.00 and set a “neutral” rating on the stock in a research report on Monday, February 26th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Athene presently has a consensus rating of “Buy” and an average target price of $62.38.

In other news, insider Grant Kvalheim sold 85,000 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $50.05, for a total transaction of $4,254,250.00. Following the completion of the sale, the insider now owns 1,554,013 shares in the company, valued at approximately $77,778,350.65. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Manfred Puffer sold 40,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now owns 15,728 shares of the company’s stock, valued at approximately $793,320.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,000 shares of company stock valued at $6,801,050. Company insiders own 10.60% of the company’s stock.

NYSE ATH traded down $0.40 during trading hours on Friday, hitting $47.55. The company’s stock had a trading volume of 1,275,317 shares, compared to its average volume of 1,607,412. The stock has a market cap of $9,585.11, a price-to-earnings ratio of 8.40, a PEG 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 posted its quarterly earnings data 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. The firm had revenue of $861.00 million during the quarter, compared to analyst estimates of $884.38 million. Athene had a net margin of 16.47% and a return on equity of 12.97%. During the same quarter last year, the business posted $1.80 EPS. equities analysts predict that Athene Holding Ltd will post 5.29 EPS for the current fiscal year.

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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.

Institutional Ownership by Quarter for Athene (NYSE:ATH)

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