Two Sigma Advisers LP Has $46.21 Million Holdings in Athene Holding Ltd (NYSE:ATH)

Two Sigma Advisers LP decreased its stake in Athene Holding Ltd (NYSE:ATH) by 26.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 893,671 shares of the insurance provider’s stock after selling 328,736 shares during the period. Two Sigma Advisers LP owned 0.45% of Athene worth $46,212,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Goldman Sachs Group Inc. grew its stake in Athene by 194.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 863,660 shares of the insurance provider’s stock worth $44,660,000 after purchasing an additional 570,109 shares during the period. Guggenheim Capital LLC boosted its holdings in Athene by 57.0% in the fourth quarter. Guggenheim Capital LLC now owns 6,694 shares of the insurance provider’s stock worth $346,000 after acquiring an additional 2,430 shares in the last quarter. Adi Capital Management LLC boosted its holdings in Athene by 1.4% in the fourth quarter. Adi Capital Management LLC now owns 169,826 shares of the insurance provider’s stock worth $8,782,000 after acquiring an additional 2,419 shares in the last quarter. Jefferies Group LLC boosted its holdings in Athene by 52.6% in the fourth quarter. Jefferies Group LLC now owns 10,827 shares of the insurance provider’s stock worth $560,000 after acquiring an additional 3,731 shares in the last quarter. Finally, Caxton Associates LP boosted its holdings in Athene by 66.7% in the fourth quarter. Caxton Associates LP now owns 125,000 shares of the insurance provider’s stock worth $6,464,000 after acquiring an additional 50,000 shares in the last quarter. 50.51% of the stock is owned by institutional investors.

Athene stock traded down $0.40 during midday trading on Friday, hitting $47.55. 1,275,317 shares of the company’s stock were exchanged, compared to its average volume of 1,607,412. Athene Holding Ltd has a 52-week low of $45.15 and a 52-week high of $55.22. 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 (NYSE:ATH) last issued its quarterly earnings results on Wednesday, February 21st. The insurance provider reported $1.69 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $861.00 million during the quarter, compared to analyst estimates of $884.38 million. During the same quarter in the previous year, the company posted $1.80 earnings per share. equities research analysts predict that Athene Holding Ltd will post 5.29 EPS for the current year.

A number of research firms have recently weighed in on ATH. Zacks Investment Research upgraded 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 Athene from a “neutral” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Friday, March 2nd. Wells Fargo reiterated a “buy” rating and set a $63.00 price target on shares of Athene in a report on Friday, December 22nd. Evercore ISI reiterated a “buy” rating and set a $68.00 price target on shares of Athene in a report on Thursday, December 21st. Finally, BMO Capital Markets reiterated a “hold” rating and set a $61.00 price target on shares of Athene in a report on Friday, December 22nd. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Athene currently has an average rating of “Buy” and an average target price of $62.38.

In related news, Director Manfred Puffer sold 40,000 shares of the company’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 value of $2,017,600.00. Following the sale, the director now owns 15,728 shares in the company, valued at approximately $793,320.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Grant Kvalheim sold 85,000 shares of the company’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $50.05, for a total value 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 disclosure for this sale can be found here. In the last three months, insiders sold 135,000 shares of company stock valued at $6,801,050. 10.60% of the stock is currently owned by corporate insiders.

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About Athene

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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