Gofen & Glossberg LLC IL trimmed its holdings in Athene Holding Ltd (NYSE:ATH) by 4.2% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 177,028 shares of the insurance provider’s stock after selling 7,783 shares during the quarter. Gofen & Glossberg LLC IL owned about 0.09% of Athene worth $7,223,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Natixis Advisors L.P. increased its holdings in Athene by 21.1% in the 4th quarter. Natixis Advisors L.P. now owns 65,488 shares of the insurance provider’s stock worth $2,608,000 after buying an additional 11,425 shares in the last quarter. Southside Capital LLC bought a new stake in Athene in the 4th quarter worth about $5,766,000. Cerebellum GP LLC grew its stake in shares of Athene by 78.4% during the 4th quarter. Cerebellum GP LLC now owns 6,381 shares of the insurance provider’s stock valued at $254,000 after purchasing an additional 2,805 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of Athene during the 4th quarter valued at about $218,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Athene during the 3rd quarter valued at about $362,000. Institutional investors own 72.57% of the company’s stock.

Shares of ATH stock traded up $0.52 during trading hours on Thursday, reaching $42.91. 9,580 shares of the company traded hands, compared to its average volume of 1,429,137. Athene Holding Ltd has a 12-month low of $37.20 and a 12-month high of $53.92. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.12. The stock has a market cap of $8.42 billion, a P/E ratio of 7.36, a PEG ratio of 0.36 and a beta of 0.84.

Athene (NYSE:ATH) last posted its quarterly earnings data on Monday, February 25th. The insurance provider reported $1.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.01. Athene had a return on equity of 13.41% and a net margin of 16.31%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.17 billion. On average, equities research analysts expect that Athene Holding Ltd will post 7.38 earnings per share for the current fiscal year.

In other news, insider Frank Lauren Gillis sold 19,500 shares of Athene stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $41.88, for a total transaction of $816,660.00. Following the transaction, the insider now directly owns 207,213 shares of the company’s stock, valued at approximately $8,678,080.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.46% of the stock is owned by insiders.

ATH has been the subject of a number of recent research reports. TD Securities restated a “buy” rating on shares of Athene in a research note on Monday, January 7th. BMO Capital Markets upgraded Athene from a “market perform” rating to an “outperform” rating and set a $44.17 price target for the company in a research note on Wednesday, February 27th. Zacks Investment Research downgraded Athene from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 1st. Keefe, Bruyette & Woods restated a “buy” rating and set a $65.00 price target on shares of Athene in a research note on Wednesday, December 19th. Finally, Wells Fargo & Co restated a “buy” rating and set a $53.00 price target on shares of Athene in a research note on Tuesday, February 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $56.52.

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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 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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Institutional Ownership by Quarter for Athene (NYSE:ATH)

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