Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of Athene Holding Ltd (NYSE:ATH) by 56.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 149,572 shares of the insurance provider’s stock after selling 197,549 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.07% of Athene worth $7,727,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. WINTON GROUP Ltd acquired a new position in Athene during the 3rd quarter worth about $213,000. Bank of Hawaii acquired a new position in Athene during the 3rd quarter worth about $230,000. Cadence Capital Management LLC acquired a new position in Athene during the 3rd quarter worth about $266,000. Summit Trail Advisors LLC lifted its holdings in Athene by 20.2% during the 2nd quarter. Summit Trail Advisors LLC now owns 6,124 shares of the insurance provider’s stock worth $268,000 after buying an additional 1,028 shares during the period. Finally, Comerica Bank lifted its holdings in Athene by 29.9% during the 2nd quarter. Comerica Bank now owns 6,062 shares of the insurance provider’s stock worth $270,000 after buying an additional 1,395 shares during the period. Institutional investors and hedge funds own 70.48% of the company’s stock.
Several brokerages have commented on ATH. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $68.00 target price on shares of Athene in a report on Friday, September 21st. Morgan Stanley cut 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 reaffirmed 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 reaffirmed a “buy” rating and set a $67.00 target price on shares of Athene in a report on Wednesday, October 3rd. One research 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’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $61.00.
Shares of NYSE:ATH opened at $39.92 on Friday. The stock has a market capitalization of $8.17 billion, a PE ratio of 7.05, a price-to-earnings-growth ratio of 0.50 and a beta of 0.78. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.26 and a current ratio of 0.26. Athene Holding Ltd has a 1 year low of $39.59 and a 1 year high of $53.92.
Athene (NYSE:ATH) last announced its quarterly earnings data on Wednesday, October 31st. The insurance provider reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.21. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.15 billion. Athene had a return on equity of 14.09% and a net margin of 17.65%. The firm’s revenue was up 30.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.18 EPS. On average, equities research analysts forecast that Athene Holding Ltd will post 6.24 EPS for the current fiscal year.
In other news, insider Frank Lauren Gillis sold 100,000 shares of the business’s stock in a transaction dated Tuesday, September 25th. The stock was sold at an average price of $51.71, for a total value of $5,171,000.00. Following the transaction, the insider now directly owns 289,638 shares of the company’s stock, valued at approximately $14,977,180.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Grant Kvalheim sold 85,000 shares of the business’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $51.06, for a total value of $4,340,100.00. Following the completion of the transaction, the insider now directly owns 1,587,657 shares in the company, valued at $81,065,766.42. The disclosure for this sale can be found here. Insiders sold a total of 186,000 shares of company stock worth $9,561,140 over the last three months. 8.46% of the stock is owned by company insiders.
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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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