Sei Investments Co. decreased its stake in Athene Holding Ltd (NYSE:ATH) by 11.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,215 shares of the insurance provider’s stock after selling 6,286 shares during the quarter. Sei Investments Co.’s holdings in Athene were worth $2,353,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. American International Group Inc. acquired a new stake in shares of Athene in the fourth quarter valued at about $116,000. Macquarie Group Ltd. grew its position in shares of Athene by 131.3% in the fourth quarter. Macquarie Group Ltd. now owns 3,700 shares of the insurance provider’s stock valued at $191,000 after purchasing an additional 2,100 shares during the period. Daiwa Securities Group Inc. grew its position in shares of Athene by 71.6% in the first quarter. Daiwa Securities Group Inc. now owns 5,149 shares of the insurance provider’s stock valued at $246,000 after purchasing an additional 2,149 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Athene in the first quarter valued at about $247,000. Finally, Gotham Asset Management LLC acquired a new stake in shares of Athene in the fourth quarter valued at about $269,000. Institutional investors and hedge funds own 63.16% of the company’s stock.
Athene opened at $44.51 on Friday, Marketbeat reports. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $8.90 billion, a price-to-earnings ratio of 8.08, a PEG ratio of 0.56 and a beta of 0.07. Athene Holding Ltd has a 1-year low of $43.96 and a 1-year high of $55.22.
Athene (NYSE:ATH) last posted its earnings results on Thursday, May 3rd. The insurance provider reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.03). The firm had revenue of $855.00 million during the quarter, compared to analyst estimates of $906.05 million. Athene had a net margin of 16.41% and a return on equity of 12.51%. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.32 earnings per share. equities analysts expect that Athene Holding Ltd will post 5.33 EPS for the current fiscal year.
A number of research firms recently weighed in on ATH. Wells Fargo & Co restated a “buy” rating on shares of Athene in a research report on Tuesday, June 12th. Barclays began coverage on shares of Athene in a research report on Friday, June 8th. They set an “equal weight” rating and a $51.00 price target on the stock. ValuEngine lowered shares of Athene from a “hold” rating to a “sell” rating in a research report on Friday, June 1st. Credit Suisse Group began coverage on shares of Athene in a research report on Wednesday, April 25th. They set an “outperform” rating and a $67.00 price target on the stock. Finally, Morgan Stanley lowered their price target on shares of Athene from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday, April 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. Athene has a consensus rating of “Buy” and a consensus price target of $61.92.
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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