Chicago Equity Partners LLC lessened its position in shares of Athene Holding Ltd (NYSE:ATH) by 70.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,855 shares of the insurance provider’s stock after selling 87,500 shares during the period. Chicago Equity Partners LLC’s holdings in Athene were worth $1,587,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of ATH. Quadrant Capital Group LLC bought a new stake in shares of Athene in the first quarter valued at approximately $27,000. Bremer Bank National Association acquired a new position in shares of Athene during the first quarter worth $64,000. Advisors Asset Management Inc. increased its holdings in shares of Athene by 70.9% during the first quarter. Advisors Asset Management Inc. now owns 2,362 shares of the insurance provider’s stock worth $96,000 after buying an additional 980 shares in the last quarter. NumerixS Investment Technologies Inc increased its holdings in Athene by 14.3% in the first quarter. NumerixS Investment Technologies Inc now owns 2,400 shares of the insurance provider’s stock valued at $98,000 after purchasing an additional 300 shares during the period. Finally, Parallel Advisors LLC increased its holdings in Athene by 112.3% in the first quarter. Parallel Advisors LLC now owns 4,864 shares of the insurance provider’s stock valued at $198,000 after purchasing an additional 2,573 shares during the period. Institutional investors and hedge funds own 70.78% of the company’s stock.
In other news, Director Lawrence Ruisi sold 8,000 shares of Athene stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $39.24, for a total transaction of $313,920.00. Following the completion of the transaction, the director now directly owns 56,970 shares of the company’s stock, valued at approximately $2,235,502.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Frank Lauren Gillis sold 19,500 shares of the business’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $42.64, for a total transaction of $831,480.00. Following the completion of the sale, the insider now directly owns 177,817 shares of the company’s stock, valued at approximately $7,582,116.88. The disclosure for this sale can be found here. Insiders have sold a total of 50,000 shares of company stock worth $1,999,650 in the last three months. Insiders own 8.70% of the company’s stock.
NYSE:ATH opened at $42.55 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.12 and a quick ratio of 0.12. The company’s 50-day simple moving average is $39.58 and its 200 day simple moving average is $42.20. Athene Holding Ltd has a one year low of $36.00 and a one year high of $53.92. The firm has a market capitalization of $8.08 billion, a P/E ratio of 7.31, a PEG ratio of 0.40 and a beta of 0.99.
Athene (NYSE:ATH) last issued its earnings results on Monday, August 5th. The insurance provider reported $1.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.81 by $0.14. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.28 billion. Athene had a net margin of 16.27% and a return on equity of 12.84%. Athene’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.48 earnings per share. On average, equities research analysts expect that Athene Holding Ltd will post 7.03 earnings per share for the current fiscal year.
ATH has been the topic of a number of research analyst reports. BMO Capital Markets set a $68.00 price objective on shares of Athene and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Citigroup lowered their target price on shares of Athene from $49.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday. Royal Bank of Canada reiterated a “hold” rating on shares of Athene in a research note on Thursday, July 18th. Zacks Investment Research upgraded shares of Athene from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Bank of America reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Athene in a report on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Athene currently has a consensus rating of “Buy” and a consensus price target of $54.78.
Athene Company Profile
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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