Athene Sees Unusually High Options Volume (ATH)

Athene Holding Ltd (NYSE:ATH) was the target of some unusual options trading on Wednesday. Traders bought 3,698 call options on the company. This is an increase of approximately 3,324% compared to the typical volume of 108 call options.

A number of research analysts have issued reports on the company. Zacks Investment Research cut Athene from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $63.00 target price on shares of Athene in a research report on Wednesday, January 9th. Wells Fargo & Co reiterated a “buy” rating and issued a $53.00 target price on shares of Athene in a research report on Tuesday. Finally, BMO Capital Markets upgraded Athene from a “market perform” rating to an “outperform” rating and set a $44.17 target price on the stock in a research report on Wednesday, February 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $55.35.

In related news, insider Frank Lauren Gillis sold 19,500 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $42.76, for a total value of $833,820.00. Following the completion of the transaction, the insider now owns 207,817 shares of the company’s stock, valued at $8,886,254.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders sold 58,500 shares of company stock valued at $2,516,865. 8.46% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Athene in the first quarter valued at approximately $6,905,000. US Bancorp DE boosted its holdings in Athene by 649.1% in the first quarter. US Bancorp DE now owns 3,296 shares of the insurance provider’s stock valued at $134,000 after acquiring an additional 2,856 shares during the last quarter. Clark Capital Management Group Inc. boosted its holdings in Athene by 12.3% in the first quarter. Clark Capital Management Group Inc. now owns 696,267 shares of the insurance provider’s stock valued at $28,408,000 after acquiring an additional 76,337 shares during the last quarter. Laurion Capital Management LP bought a new stake in Athene in the first quarter valued at approximately $1,749,000. Finally, Oregon Public Employees Retirement Fund boosted its holdings in Athene by 3.9% in the first quarter. Oregon Public Employees Retirement Fund now owns 30,875 shares of the insurance provider’s stock valued at $1,260,000 after acquiring an additional 1,146 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

NYSE:ATH opened at $45.19 on Thursday. The stock has a market cap of $8.49 billion, a PE ratio of 7.76, a PEG ratio of 0.41 and a beta of 0.92. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.12. Athene has a 1-year low of $37.20 and a 1-year high of $53.92.

Athene (NYSE:ATH) last released its quarterly earnings results on Tuesday, May 7th. The insurance provider reported $1.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.70 by ($0.20). The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.25 billion. Athene had a return on equity of 13.41% and a net margin of 16.31%. The business’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.21 earnings per share. As a group, sell-side analysts anticipate that Athene will post 7.34 earnings per share for the current year.

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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 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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