Selz Capital LLC lessened its stake in shares of Athene Holding Ltd (NYSE:ATH) by 10.7% during the third quarter, Holdings Channel.com reports. The fund owned 589,581 shares of the insurance provider’s stock after selling 70,982 shares during the period. Athene accounts for about 6.2% of Selz Capital LLC’s holdings, making the stock its 3rd biggest holding. Selz Capital LLC’s holdings in Athene were worth $24,797,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. NumerixS Investment Technologies Inc increased its stake in shares of Athene by 14.3% during the first quarter. NumerixS Investment Technologies Inc now owns 2,400 shares of the insurance provider’s stock valued at $98,000 after acquiring an additional 300 shares during the period. MUFG Americas Holdings Corp increased its stake in shares of Athene by 6.2% during the second quarter. MUFG Americas Holdings Corp now owns 5,784 shares of the insurance provider’s stock valued at $249,000 after acquiring an additional 340 shares during the period. Parallel Advisors LLC increased its stake in shares of Athene by 7.5% during the second quarter. Parallel Advisors LLC now owns 5,231 shares of the insurance provider’s stock valued at $225,000 after acquiring an additional 367 shares during the period. Toronto Dominion Bank increased its stake in shares of Athene by 1.3% during the second quarter. Toronto Dominion Bank now owns 34,239 shares of the insurance provider’s stock valued at $1,474,000 after acquiring an additional 426 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Athene by 0.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 79,471 shares of the insurance provider’s stock worth $3,422,000 after buying an additional 554 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.
In related news, Director Robert L. Borden sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $41.97, for a total value of $125,910.00. Following the completion of the transaction, the director now owns 26,012 shares of the company’s stock, valued at approximately $1,091,723.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frank Lauren Gillis sold 19,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $38.00, for a total transaction of $741,000.00. Following the completion of the transaction, the insider now directly owns 167,817 shares of the company’s stock, valued at approximately $6,377,046. The disclosure for this sale can be found here. Insiders sold a total of 43,500 shares of company stock valued at $1,714,380 in the last ninety days. Company insiders own 8.70% of the company’s stock.
Athene stock traded up $1.66 during mid-day trading on Friday, hitting $39.82. The company’s stock had a trading volume of 64,914 shares, compared to its average volume of 1,711,837. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $7.02 billion, a P/E ratio of 6.84, a P/E/G ratio of 0.36 and a beta of 1.00. Athene Holding Ltd has a twelve month low of $36.00 and a twelve month high of $50.38. The stock’s fifty day moving average price is $40.35 and its two-hundred day moving average price is $41.94.
Athene (NYSE:ATH) last posted its quarterly earnings results on Monday, August 5th. The insurance provider reported $1.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.14. The firm had revenue of $1.16 billion for 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%. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.48 earnings per share. Equities analysts expect that Athene Holding Ltd will post 7 earnings per share for the current year.
Several research firms have issued reports on ATH. Citigroup decreased their price target on shares of Athene from $49.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. Bank of America restated a “buy” rating and issued a $49.00 price target on shares of Athene in a research report on Monday, August 5th. Zacks Investment Research upgraded shares of Athene from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Wells Fargo & Co decreased their price target on shares of Athene from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, UBS Group decreased their price target on shares of Athene from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Athene presently has an average rating of “Buy” and an average target price of $53.90.
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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