Athene Holding Ltd (NYSE:ATH) Director Lawrence Ruisi sold 8,000 shares of Athene stock in a transaction on Monday, August 12th. The stock was sold at an average price of $39.24, for a total transaction of $313,920.00. Following the completion of the transaction, the director now directly owns 56,970 shares of the company’s stock, valued at $2,235,502.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
ATH stock opened at $37.73 on Friday. Athene Holding Ltd has a 12 month low of $36.00 and a 12 month high of $53.92. 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 company has a 50-day moving average price of $41.67 and a 200 day moving average price of $42.83. The stock has a market cap of $7.35 billion, a PE ratio of 5.91, a P/E/G ratio of 0.36 and a beta of 0.98.
Athene (NYSE:ATH) last released its quarterly earnings results on Monday, August 5th. The insurance provider reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.14. Athene had a net margin of 16.27% and a return on equity of 12.84%. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the company earned $1.48 EPS. The firm’s revenue for the quarter was up 21.2% compared to the same quarter last year. Sell-side analysts forecast that Athene Holding Ltd will post 7.01 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in ATH. Nuveen Asset Management LLC purchased a new position in shares of Athene during the 2nd quarter worth about $113,393,000. BlackRock Inc. boosted its stake in shares of Athene by 18.1% during the 1st quarter. BlackRock Inc. now owns 10,629,381 shares of the insurance provider’s stock worth $433,680,000 after purchasing an additional 1,632,703 shares during the period. Viking Global Investors LP purchased a new position in shares of Athene during the 2nd quarter worth about $66,940,000. BNP Paribas Arbitrage SA boosted its stake in shares of Athene by 418.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,162,628 shares of the insurance provider’s stock worth $47,435,000 after purchasing an additional 938,304 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of Athene by 13.1% during the 2nd quarter. AQR Capital Management LLC now owns 5,305,711 shares of the insurance provider’s stock worth $225,970,000 after purchasing an additional 613,278 shares during the period. 71.52% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have commented on ATH shares. Morgan Stanley dropped their price objective on shares of Athene from $58.00 to $56.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th. Royal Bank of Canada reissued a “hold” rating on shares of Athene in a research note on Thursday, July 18th. Zacks Investment Research raised shares of Athene from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Credit Suisse Group dropped their price objective on shares of Athene from $67.00 to $57.00 and set an “outperform” rating for the company in a research note on Tuesday, May 21st. Finally, BMO Capital Markets set a $68.00 price target on shares of Athene and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $55.88.
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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