Athene Holding Ltd (NYSE:ATH) Short Interest Up 40.7% in May
Athene Holding Ltd (NYSE:ATH) saw a significant increase in short interest in May. As of May 31st, there was short interest totalling 6,631,800 shares, an increase of 40.7% from the April 30th total of 4,712,500 shares. Currently, 4.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,480,000 shares, the short-interest ratio is currently 4.5 days.
In other news, CEO James Richard Belardi acquired 80,000 shares of the stock in a transaction on Monday, June 10th. The stock was acquired at an average cost of $25.00 per share, for a total transaction of $2,000,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Marc A. Beilinson acquired 10,000 shares of the stock in a transaction on Monday, June 10th. The shares were purchased at an average price of $25.00 per share, with a total value of $250,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 130,000 shares of company stock valued at $3,250,000. 8.70% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue grew its stake in shares of Athene by 1.6% in the first quarter. State of Alaska Department of Revenue now owns 17,133 shares of the insurance provider’s stock worth $699,000 after purchasing an additional 263 shares during the last quarter. NumerixS Investment Technologies Inc lifted its holdings in Athene by 14.3% in the first quarter. NumerixS Investment Technologies Inc now owns 2,400 shares of the insurance provider’s stock valued at $98,000 after buying an additional 300 shares during the period. Twin Capital Management Inc. lifted its holdings in Athene by 0.4% in the first quarter. Twin Capital Management Inc. now owns 73,590 shares of the insurance provider’s stock valued at $3,002,000 after buying an additional 320 shares during the period. Daiwa Securities Group Inc. lifted its holdings in Athene by 7.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 5,549 shares of the insurance provider’s stock valued at $221,000 after buying an additional 400 shares during the period. Finally, Nissay Asset Management Corp Japan ADV lifted its holdings in Athene by 3.2% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 14,548 shares of the insurance provider’s stock valued at $594,000 after buying an additional 445 shares during the period. 71.88% of the stock is currently owned by hedge funds and other institutional investors.
Athene (NYSE:ATH) last posted its earnings results on Tuesday, May 7th. The insurance provider reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.20). The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.25 billion. Athene had a return on equity of 13.32% and a net margin of 14.36%. The business’s quarterly revenue was up 24.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.21 EPS. Analysts forecast that Athene will post 7.13 EPS for the current fiscal year.
Several brokerages have commented on ATH. Credit Suisse Group lowered their price objective on shares of Athene from $67.00 to $57.00 and set an “outperform” rating for the company in a research report on Tuesday, May 21st. Wells Fargo & Co restated a “buy” rating and set a $53.00 price objective on shares of Athene in a research report on Tuesday, May 7th. Zacks Investment Research downgraded shares of Athene from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Finally, BMO Capital Markets upgraded shares of Athene from a “market perform” rating to an “outperform” rating and set a $44.17 price objective for the company in a research report on Wednesday, February 27th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $55.52.
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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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