Strycker View Capital LLC purchased a new position in shares of Athene Holding Ltd (NYSE:ATH) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 216,433 shares of the insurance provider’s stock, valued at approximately $9,320,000. Athene makes up about 3.6% of Strycker View Capital LLC’s holdings, making the stock its 14th largest position. Strycker View Capital LLC owned about 0.11% of Athene as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Quadrant Capital Group LLC bought a new stake in Athene during the 1st quarter worth $27,000. Truvestments Capital LLC bought a new stake in Athene during the 1st quarter worth $51,000. Bremer Bank National Association bought a new stake in Athene during the 1st quarter worth $64,000. Advisors Asset Management Inc. grew its position in Athene by 70.9% during the 1st quarter. Advisors Asset Management Inc. now owns 2,362 shares of the insurance provider’s stock worth $96,000 after acquiring an additional 980 shares during the last quarter. Finally, NumerixS Investment Technologies Inc grew its position in Athene by 14.3% during the 1st quarter. NumerixS Investment Technologies Inc now owns 2,400 shares of the insurance provider’s stock worth $98,000 after acquiring an additional 300 shares during the last quarter. 71.70% of the stock is owned by institutional investors.
In other Athene news, Director Marc A. Beilinson bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were bought at an average price of $25.00 per share, for a total transaction of $250,000.00. Following the transaction, the director now directly owns 187,817 shares in the company, valued at $4,695,425. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Frank Lauren Gillis sold 19,500 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $44.98, for a total value of $877,110.00. Following the sale, the insider now owns 197,817 shares in the company, valued at approximately $8,897,808.66. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 130,000 shares of company stock worth $3,250,000. 8.70% of the stock is owned by corporate insiders.
Shares of NYSE ATH traded down $0.21 during trading on Wednesday, reaching $39.19. The company had a trading volume of 36,448 shares, compared to its average volume of 1,097,508. The company has a fifty day simple moving average of $42.30. Athene Holding Ltd has a 12 month low of $36.00 and a 12 month high of $53.92. The company has a market cap of $7.57 billion, a PE ratio of 6.74, a P/E/G ratio of 0.35 and a beta of 0.98. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.10.
Athene (NYSE:ATH) last released its quarterly earnings results on Monday, August 5th. The insurance provider reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.14. Athene had a return on equity of 13.32% and a net margin of 14.36%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the company posted $1.48 EPS. The business’s revenue was up 21.2% on a year-over-year basis. As a group, sell-side analysts forecast that Athene Holding Ltd will post 6.97 EPS for the current year.
A number of equities research analysts recently weighed in on the company. Credit Suisse Group reduced their price objective on Athene from $67.00 to $57.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 21st. Bank of America restated a “buy” rating and set a $49.00 price objective on shares of Athene in a research report on Monday. Zacks Investment Research upgraded Athene from a “sell” rating to a “hold” rating in a research report on Tuesday, July 30th. Wells Fargo & Co reduced their price objective on Athene from $53.00 to $50.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Morgan Stanley reduced their price objective on Athene from $58.00 to $56.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $52.90.
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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