Nissay Asset Management Corp Japan ADV grew its holdings in shares of Athene Holding Ltd (NYSE:ATH) by 3.2% during the first quarter, HoldingsChannel.com reports. The firm owned 14,548 shares of the insurance provider’s stock after purchasing an additional 445 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Athene were worth $594,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Quadrant Capital Group LLC acquired a new stake in shares of Athene during the first quarter valued at about $27,000. Gradient Investments LLC bought a new position in shares of Athene during the fourth quarter worth about $30,000. Oregon Public Employees Retirement Fund lifted its position in shares of Athene by 4,963.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,184,106 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 1,160,720 shares during the last quarter. First Mercantile Trust Co. lifted its position in shares of Athene by 147.1% during the fourth quarter. First Mercantile Trust Co. now owns 1,260 shares of the insurance provider’s stock worth $50,000 after purchasing an additional 750 shares during the last quarter. Finally, Truvestments Capital LLC bought a new position in shares of Athene during the first quarter worth about $51,000. 69.09% of the stock is currently owned by institutional investors.
Shares of NYSE ATH opened at $43.42 on Wednesday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.10. Athene Holding Ltd has a 52-week low of $37.20 and a 52-week high of $53.92. The stock has a market capitalization of $8.46 billion, a price-to-earnings ratio of 7.46, a price-to-earnings-growth ratio of 0.38 and a beta of 0.92.
Athene (NYSE:ATH) last issued its earnings results on Tuesday, May 7th. The insurance provider reported $1.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.70 by ($0.20). Athene had a return on equity of 13.32% and a net margin of 14.36%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the business earned $1.21 EPS. The business’s revenue was up 24.7% on a year-over-year basis. As a group, analysts anticipate that Athene Holding Ltd will post 7.13 EPS for the current fiscal year.
In other Athene news, insider Frank Lauren Gillis sold 19,500 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $41.88, for a total value of $816,660.00. Following the transaction, the insider now owns 207,213 shares of the company’s stock, valued at $8,678,080.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 78,000 shares of company stock worth $3,393,975 in the last three months. 8.46% of the stock is currently owned by corporate insiders.
Several equities analysts have recently commented on ATH shares. BMO Capital Markets raised shares of Athene from a “market perform” rating to an “outperform” rating and set a $44.17 price target on the stock in a research report on Wednesday, February 27th. Wells Fargo & Co reaffirmed a “buy” rating and set a $53.00 price target on shares of Athene in a research report on Tuesday, May 7th. Zacks Investment Research cut shares of Athene from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Finally, Credit Suisse Group reduced their price target on shares of Athene from $67.00 to $57.00 and set an “outperform” rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $55.52.
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Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products in the United States and Bermuda. It offers fixed deferred, immediate, and payout annuities; and funding agreements and pension risk transfer products to institutional investors. The company's products are designed for individuals and institutions seeking to fund retirement needs.
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