Andra AP fonden increased its position in shares of Athene Holding Ltd (NYSE:ATH) by 21.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 224,800 shares of the insurance provider’s stock after buying an additional 39,300 shares during the quarter. Andra AP fonden’s holdings in Athene were worth $9,855,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Brown Advisory Inc. purchased a new position in Athene during the 1st quarter worth approximately $241,000. Robeco Institutional Asset Management B.V. grew its stake in Athene by 236.8% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 5,685 shares of the insurance provider’s stock worth $271,000 after buying an additional 3,997 shares during the last quarter. Comerica Bank grew its stake in Athene by 29.9% during the 2nd quarter. Comerica Bank now owns 6,062 shares of the insurance provider’s stock worth $270,000 after buying an additional 1,395 shares during the last quarter. Summit Trail Advisors LLC grew its stake in Athene by 20.2% during the 2nd quarter. Summit Trail Advisors LLC now owns 6,124 shares of the insurance provider’s stock worth $268,000 after buying an additional 1,028 shares during the last quarter. Finally, Sciencast Management LP purchased a new position in Athene during the 1st quarter worth approximately $358,000. Hedge funds and other institutional investors own 67.78% of the company’s stock.
Athene stock opened at $51.14 on Tuesday. Athene Holding Ltd has a twelve month low of $43.09 and a twelve month high of $55.22. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.12. The company has a market cap of $9.90 billion, a price-to-earnings ratio of 9.04, a P/E/G ratio of 0.56 and a beta of 0.38.
Athene (NYSE:ATH) last posted its quarterly earnings data on Thursday, August 2nd. The insurance provider reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.21. The company had revenue of $958.00 million during the quarter, compared to analysts’ expectations of $949.85 million. Athene had a return on equity of 12.54% and a net margin of 15.58%. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period last year, the firm earned $1.43 EPS. research analysts forecast that Athene Holding Ltd will post 5.86 EPS for the current year.
A number of analysts have weighed in on the company. Zacks Investment Research raised Athene from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Wednesday, July 4th. Royal Bank of Canada reaffirmed a “buy” rating and set a $58.00 price objective on shares of Athene in a research report on Friday, August 3rd. Wells Fargo & Co reaffirmed a “buy” rating and set a $65.00 price objective on shares of Athene in a research report on Friday, August 3rd. Barclays decreased their price objective on Athene from $51.00 to $47.00 and set an “equal weight” rating for the company in a research report on Monday, July 9th. Finally, Citigroup reaffirmed a “hold” rating on shares of Athene in a research report on Wednesday, July 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $60.42.
In other news, Director Hope S. Taitz sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $49.90, for a total value of $499,000.00. Following the completion of the sale, the director now directly owns 61,269 shares of the company’s stock, valued at approximately $3,057,323.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Grant Kvalheim sold 38,985 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $50.01, for a total value of $1,949,639.85. The disclosure for this sale can be found here. Insiders sold a total of 283,884 shares of company stock valued at $14,230,489 over the last three months. Insiders own 8.46% of the company’s stock.
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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