Russell Investments Group Ltd. Increases Holdings in Athene Holding Ltd (NYSE:ATH)

Russell Investments Group Ltd. increased its stake in shares of Athene Holding Ltd (NYSE:ATH) by 8.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 658,456 shares of the insurance provider’s stock after buying an additional 52,725 shares during the quarter. Russell Investments Group Ltd. owned about 0.35% of Athene worth $27,849,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Redhawk Wealth Advisors Inc. purchased a new stake in Athene in the second quarter valued at $25,000. NumerixS Investment Technologies Inc raised its position in Athene by 45.8% in the second quarter. NumerixS Investment Technologies Inc now owns 3,500 shares of the insurance provider’s stock valued at $151,000 after purchasing an additional 1,100 shares during the period. Ellington Management Group LLC purchased a new stake in Athene in the second quarter valued at $202,000. World Asset Management Inc purchased a new stake in Athene in the second quarter valued at $217,000. Finally, US Bancorp DE raised its position in Athene by 54.4% in the second quarter. US Bancorp DE now owns 5,090 shares of the insurance provider’s stock valued at $220,000 after purchasing an additional 1,794 shares during the period. Hedge funds and other institutional investors own 69.96% of the company’s stock.

A number of equities research analysts have commented on ATH shares. Zacks Investment Research upgraded Athene from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. ValuEngine cut Athene from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. BMO Capital Markets set a $68.00 price objective on Athene and gave the company a “buy” rating in a research note on Wednesday, August 7th. SunTrust Banks dropped their price objective on Athene to $52.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Bank of America reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Athene in a research note on Monday, August 5th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $53.20.

In related news, CEO James Richard Belardi bought 40,000 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was purchased at an average cost of $25.00 per share, with a total value of $1,000,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Frank Lauren Gillis sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $42.03, for a total value of $420,300.00. Following the transaction, the insider now directly owns 157,817 shares of the company’s stock, valued at $6,633,048.51. The disclosure for this sale can be found here. Insiders have sold a total of 56,500 shares of company stock valued at $2,212,480 over the last three months. 8.70% of the stock is currently owned by insiders.

Shares of NYSE ATH opened at $44.07 on Friday. Athene Holding Ltd has a twelve month low of $36.00 and a twelve month high of $47.77. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.08. The stock has a fifty day simple moving average of $41.65 and a 200-day simple moving average of $41.92. The stock has a market capitalization of $8.24 billion, a PE ratio of 7.57, a PEG ratio of 0.44 and a beta of 1.01.

Athene (NYSE:ATH) last released its earnings results on Tuesday, November 5th. The insurance provider reported $1.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.78 by ($0.44). Athene had a return on equity of 11.28% and a net margin of 11.56%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the firm earned $1.90 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. On average, equities analysts predict that Athene Holding Ltd will post 6.82 earnings per share for the current year.

Athene 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.

Further Reading: Bond

Institutional Ownership by Quarter for Athene (NYSE:ATH)

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