Chicago Equity Partners LLC decreased its position in shares of Athene Holding (NYSE:ATH) by 95.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,095 shares of the insurance provider’s stock after selling 139,885 shares during the period. Chicago Equity Partners LLC’s holdings in Athene were worth $339,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of ATH. 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. 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. APG Asset Management N.V. increased its holdings in shares of Athene by 309.5% during the fourth quarter. APG Asset Management N.V. now owns 1,891,500 shares of the insurance provider’s stock worth $81,454,000 after buying an additional 1,429,600 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Athene by 51.7% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,502,829 shares of the insurance provider’s stock worth $119,661,000 after buying an additional 852,630 shares in the last quarter. Finally, CDAM UK Ltd acquired a new stake in shares of Athene during the fourth quarter worth approximately $36,504,000. 65.81% of the stock is owned by institutional investors.
In other Athene news, Director Manfred Puffer sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $50.44, for a total value of $2,017,600.00. Following the transaction, the director now directly owns 15,728 shares of the company’s stock, valued at $793,320.32. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction, the insider now directly owns 1,554,013 shares in the company, valued at $77,778,350.65. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 135,000 shares of company stock worth $6,801,050. Insiders own 8.46% of the company’s stock.
Several research firms have recently commented on ATH. Zacks Investment Research raised shares of Athene from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Wednesday, March 7th. ValuEngine cut shares of Athene from a “buy” rating to a “hold” rating in a research note on Friday, April 6th. Wells Fargo set a $63.00 price target on shares of Athene and gave the company a “buy” rating in a research note on Wednesday, February 21st. Morgan Stanley decreased their price target on shares of Athene from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, April 5th. Finally, Citigroup decreased their price target on shares of Athene from $58.00 to $54.00 and set a “neutral” rating on the stock in a research note on Monday, February 26th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $62.91.
Shares of Athene opened at $46.08 on Tuesday, Marketbeat.com reports. Athene Holding has a 52-week low of $45.15 and a 52-week high of $55.22. The company has a market capitalization of $9.26 billion, a price-to-earnings ratio of 8.25, a price-to-earnings-growth ratio of 0.58 and a beta of 0.20. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.11.
Athene (NYSE:ATH) last announced its quarterly earnings data on Thursday, May 3rd. The insurance provider reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.03). Athene had a net margin of 16.41% and a return on equity of 12.75%. The business had revenue of $855.00 million during the quarter, compared to the consensus estimate of $906.05 million. During the same period in the previous year, the business posted $1.32 earnings per share. Athene’s revenue was up 8.8% compared to the same quarter last year. equities analysts anticipate that Athene Holding will post 5.33 earnings per share for the current year.
Athene Company Profile
Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products in the United States, the District of Columbia, and Germany. It offers fixed deferred, immediate, and payout annuities; and funding agreements and pension risk transfer products to institutional investors.
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