Swiss National Bank cut its position in shares of Athene Holding Ltd (NYSE:ATH) by 0.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 843,300 shares of the insurance provider’s stock after selling 4,700 shares during the period. Swiss National Bank’s holdings in Athene were worth $36,312,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in ATH. Quadrant Capital Group LLC bought a new position in shares of Athene during the 1st quarter valued at about $27,000. Bremer Bank National Association bought a new position in shares of Athene during the 1st quarter valued at about $64,000. Advisors Asset Management Inc. increased its position in shares of Athene by 70.9% during the 1st quarter. Advisors Asset Management Inc. now owns 2,362 shares of the insurance provider’s stock valued at $96,000 after purchasing an additional 980 shares during the last quarter. NumerixS Investment Technologies Inc increased its position in shares of Athene by 14.3% during the 1st quarter. NumerixS Investment Technologies Inc now owns 2,400 shares of the insurance provider’s stock valued at $98,000 after purchasing an additional 300 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Athene by 112.3% during the 1st quarter. Parallel Advisors LLC now owns 4,864 shares of the insurance provider’s stock valued at $198,000 after purchasing an additional 2,573 shares during the last quarter. Hedge funds and other institutional investors own 73.01% of the company’s stock.
In other Athene news, CEO James Richard Belardi acquired 80,000 shares of the company’s stock in a transaction on Monday, June 10th. The stock was acquired at an average price of $25.00 per share, for a total transaction of $2,000,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Marc A. Beilinson acquired 10,000 shares of the company’s stock in a transaction on Monday, June 10th. The stock was acquired at an average price of $25.00 per share, with a total value of $250,000.00. Following the acquisition, the director now owns 187,817 shares in the company, valued at approximately $4,695,425. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 130,000 shares of company stock valued at $3,250,000 and have sold 50,000 shares valued at $1,999,650. Corporate insiders own 8.70% of the company’s stock.
Athene (NYSE:ATH) last issued its earnings results on Monday, August 5th. The insurance provider reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.14. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Athene had a return on equity of 12.84% and a net margin of 16.27%. Athene’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.48 EPS. Sell-side analysts expect that Athene Holding Ltd will post 7.03 EPS for the current year.
Several brokerages have recently commented on ATH. Zacks Investment Research upgraded Athene from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Wells Fargo & Co dropped their target price on Athene from $53.00 to $50.00 and set an “outperform” rating for the company in a report on Tuesday, August 6th. Bank of America restated a “buy” rating and set a $49.00 target price on shares of Athene in a report on Monday, August 5th. Morgan Stanley dropped their target price on Athene from $56.00 to $55.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, BMO Capital Markets set a $68.00 target price on Athene and gave the company a “buy” rating in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $55.75.
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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