Athene Holding Ltd (ATH) Position Lifted by Riverhead Capital Management LLC

Riverhead Capital Management LLC raised its position in Athene Holding Ltd (NYSE:ATH) by 64.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,200 shares of the insurance provider’s stock after buying an additional 24,300 shares during the quarter. Riverhead Capital Management LLC’s holdings in Athene were worth $3,213,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WINTON GROUP Ltd acquired a new position in Athene in the 3rd quarter valued at $213,000. Bank of Hawaii acquired a new position in Athene in the 3rd quarter valued at $230,000. Cadence Capital Management LLC acquired a new position in Athene in the 3rd quarter valued at $266,000. Summit Trail Advisors LLC grew its holdings in Athene by 20.2% in the 2nd quarter. Summit Trail Advisors LLC now owns 6,124 shares of the insurance provider’s stock valued at $268,000 after buying an additional 1,028 shares in the last quarter. Finally, Comerica Bank grew its holdings in Athene by 29.9% in the 2nd quarter. Comerica Bank now owns 6,062 shares of the insurance provider’s stock valued at $270,000 after buying an additional 1,395 shares in the last quarter. 70.48% of the stock is currently owned by hedge funds and other institutional investors.

ATH opened at $39.92 on Friday. The firm has a market cap of $8.17 billion, a PE ratio of 7.05, a P/E/G ratio of 0.50 and a beta of 0.78. Athene Holding Ltd has a 52-week low of $39.59 and a 52-week high of $53.92. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.11.

Athene (NYSE:ATH) last released its earnings results on Wednesday, October 31st. The insurance provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.21. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.15 billion. Athene had a return on equity of 14.09% and a net margin of 17.65%. Athene’s quarterly revenue was up 30.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.18 EPS. Equities analysts forecast that Athene Holding Ltd will post 6.24 earnings per share for the current year.

In related news, insider Grant Kvalheim sold 85,000 shares of the company’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $51.06, for a total transaction of $4,340,100.00. Following the completion of the sale, the insider now directly owns 1,587,657 shares in the company, valued at approximately $81,065,766.42. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Frank Lauren Gillis sold 1,000 shares of the company’s stock in a transaction on Thursday, October 11th. The stock was sold at an average price of $50.04, for a total value of $50,040.00. Following the sale, the insider now owns 218,638 shares of the company’s stock, valued at $10,940,645.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 186,000 shares of company stock worth $9,561,140. 8.46% of the stock is currently owned by insiders.

Several analysts have recently issued reports on the company. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $68.00 target price on shares of Athene in a report on Friday, September 21st. Morgan Stanley reduced their target price on Athene from $64.00 to $62.00 and set an “overweight” rating on the stock in a report on Tuesday, November 13th. SunTrust Banks reissued a “buy” rating and set a $59.00 target price on shares of Athene in a report on Monday, November 5th. Wells Fargo & Co set a $67.00 target price on Athene and gave the stock a “buy” rating in a report on Wednesday, October 31st. Finally, Bank of America reissued a “buy” rating and set a $67.00 target price on shares of Athene in a report on Wednesday, October 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $61.00.

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Athene 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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