Achmea Investment Management B.V. purchased a new stake in shares of Athene Holding Ltd (NYSE:ATH) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 10,587 shares of the insurance provider’s stock, valued at approximately $546,000.

Several other institutional investors and hedge funds have also modified their holdings of ATH. WINTON GROUP Ltd purchased a new position in shares of Athene during the 3rd quarter valued at about $213,000. Cadence Capital Management LLC purchased a new position in shares of Athene during the 3rd quarter valued at about $266,000. Summit Trail Advisors LLC raised its holdings in shares of Athene by 20.2% during the 2nd quarter. Summit Trail Advisors LLC now owns 6,124 shares of the insurance provider’s stock valued at $268,000 after buying an additional 1,028 shares in the last quarter. Comerica Bank raised its holdings in shares of Athene by 29.9% during the 2nd quarter. Comerica Bank now owns 6,062 shares of the insurance provider’s stock valued at $270,000 after buying an additional 1,395 shares in the last quarter. Finally, Calamos Advisors LLC purchased a new position in shares of Athene during the 3rd quarter valued at about $281,000. Hedge funds and other institutional investors own 70.48% of the company’s stock.

Shares of ATH traded down $0.97 during mid-day trading on Friday, hitting $39.92. 1,474,304 shares of the company’s stock traded hands, compared to its average volume of 1,432,314. 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. 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.

Athene (NYSE:ATH) last posted its earnings results on Wednesday, October 31st. The insurance provider reported $1.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.21. Athene had a return on equity of 14.09% and a net margin of 17.65%. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the firm earned $1.18 earnings per share. The business’s revenue was up 30.5% compared to the same quarter last year. Research analysts forecast that Athene Holding Ltd will post 6.24 EPS for the current fiscal year.

In related news, insider Grant Kvalheim sold 85,000 shares of Athene stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $51.06, for a total transaction of $4,340,100.00. Following the sale, the insider now directly owns 1,587,657 shares in the company, valued at $81,065,766.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frank Lauren Gillis sold 100,000 shares of Athene stock in a transaction that occurred on Tuesday, September 25th. The shares were sold at an average price of $51.71, for a total value of $5,171,000.00. Following the sale, the insider now owns 289,638 shares in the company, valued at $14,977,180.98. The disclosure for this sale can be found here. Insiders have sold 186,000 shares of company stock worth $9,561,140 over the last three months. Insiders own 8.46% of the company’s stock.

A number of equities analysts recently weighed in on the company. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $68.00 price objective on shares of Athene in a report on Friday, September 21st. Morgan Stanley decreased their price objective 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 reissued a “buy” rating and set a $59.00 price objective on shares of Athene in a report on Monday, November 5th. Wells Fargo & Co set a $67.00 price objective on Athene and gave the company a “buy” rating in a report on Wednesday, October 31st. Finally, Bank of America reaffirmed a “buy” rating and issued a $67.00 price target on shares of Athene in a research note on Wednesday, October 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. Athene currently has an average rating of “Buy” and an average target price of $61.00.

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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, 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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Institutional Ownership by Quarter for Athene (NYSE:ATH)

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