Engineers Gate Manager LP Trims Stake in Athene Holding Ltd (ATH)

Engineers Gate Manager LP trimmed its holdings in Athene Holding Ltd (NYSE:ATH) by 24.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,315 shares of the insurance provider’s stock after selling 6,970 shares during the quarter. Engineers Gate Manager LP’s holdings in Athene were worth $1,101,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ATH. BlackRock Inc. lifted its position in Athene by 7.5% in the second quarter. BlackRock Inc. now owns 9,098,796 shares of the insurance provider’s stock worth $398,891,000 after purchasing an additional 632,619 shares during the period. Point72 Asset Management L.P. lifted its position in Athene by 4.2% in the second quarter. Point72 Asset Management L.P. now owns 2,177,100 shares of the insurance provider’s stock worth $95,444,000 after purchasing an additional 87,911 shares during the period. Teacher Retirement System of Texas raised its stake in Athene by 283.3% during the second quarter. Teacher Retirement System of Texas now owns 1,996,436 shares of the insurance provider’s stock worth $87,524,000 after acquiring an additional 1,475,608 shares in the last quarter. Levin Capital Strategies L.P. raised its stake in Athene by 16.7% during the second quarter. Levin Capital Strategies L.P. now owns 1,769,809 shares of the insurance provider’s stock worth $77,588,000 after acquiring an additional 253,628 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in Athene by 5.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,541,699 shares of the insurance provider’s stock worth $79,645,000 after acquiring an additional 82,866 shares in the last quarter. 67.25% of the stock is owned by institutional investors.

Shares of ATH opened at $47.49 on Friday. The company has a current ratio of 264.96, a quick ratio of 264.96 and a debt-to-equity ratio of 0.11. Athene Holding Ltd has a 1 year low of $43.09 and a 1 year high of $53.92. The stock has a market cap of $9.17 billion, a price-to-earnings ratio of 8.39, a P/E/G ratio of 0.56 and a beta of 0.81.

Athene (NYSE:ATH) last issued its earnings results on Wednesday, October 31st. The insurance provider reported $1.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.21. Athene had a return on equity of 18.93% and a net margin of 17.65%. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the business earned $1.18 earnings per share. The company’s revenue was up 30.5% compared to the same quarter last year. As a group, equities analysts predict that Athene Holding Ltd will post 6.24 earnings per share for the current year.

In other Athene news, insider Grant Kvalheim sold 2,505 shares of the firm’s stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $50.01, for a total transaction of $125,275.05. Following the transaction, the insider now owns 1,631,434 shares in the company, valued at $81,588,014.34. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Frank Lauren Gillis sold 1,000 shares of the firm’s stock in a transaction dated Thursday, October 11th. The stock was sold at an average price of $50.04, for a total value of $50,040.00. Following the transaction, the insider now owns 218,638 shares in the company, valued at approximately $10,940,645.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 416,831 shares of company stock worth $21,139,589. Company insiders own 8.46% of the company’s stock.

Several research analysts have issued reports on ATH shares. Bank of America reiterated a “buy” rating and set a $67.00 price objective on shares of Athene in a research note on Wednesday, October 3rd. Wells Fargo & Co set a $67.00 price objective on Athene and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Royal Bank of Canada reiterated a “buy” rating and set a $58.00 price objective on shares of Athene in a research note on Friday, August 3rd. Morgan Stanley increased their price objective on Athene from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Friday, September 21st. Finally, SunTrust Banks reiterated a “buy” rating and set a $59.00 price objective on shares of Athene in a research note on Monday, November 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $61.15.

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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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Institutional Ownership by Quarter for Athene (NYSE:ATH)

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