Capital Fund Management S.A. Purchases Shares of 18,400 Athene Holding Ltd (ATH)
Capital Fund Management S.A. purchased a new position in shares of Athene Holding Ltd (NYSE:ATH) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 18,400 shares of the insurance provider’s stock, valued at approximately $807,000.
Other large investors also recently bought and sold shares of the company. Brown Advisory Inc. acquired a new position in shares of Athene during the 1st quarter worth $241,000. Robeco Institutional Asset Management B.V. grew its stake in Athene by 236.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 5,685 shares of the insurance provider’s stock valued at $271,000 after acquiring an additional 3,997 shares during the last quarter. Comerica Bank grew its stake in Athene by 29.9% in the 2nd quarter. Comerica Bank now owns 6,062 shares of the insurance provider’s stock valued at $270,000 after acquiring an additional 1,395 shares during the last quarter. Summit Trail Advisors LLC grew its stake in Athene by 20.2% in the 2nd quarter. Summit Trail Advisors LLC now owns 6,124 shares of the insurance provider’s stock valued at $268,000 after acquiring an additional 1,028 shares during the last quarter. Finally, Sciencast Management LP acquired a new stake in Athene in the 1st quarter valued at about $358,000. 67.78% of the stock is currently owned by institutional investors and hedge funds.
ATH has been the topic of a number of research reports. Citigroup reissued a “hold” rating on shares of Athene in a research note on Wednesday, July 11th. Barclays lowered their price objective on shares of Athene from $51.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Monday, July 9th. Wells Fargo & Co reissued a “buy” rating on shares of Athene in a research note on Tuesday, June 12th. Royal Bank of Canada reissued a “buy” rating and issued a $58.00 price objective on shares of Athene in a research note on Friday, August 3rd. Finally, ValuEngine cut shares of Athene from a “hold” rating to a “sell” rating in a research note on Friday, June 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $60.42.
Athene (NYSE:ATH) last released its earnings results on Thursday, August 2nd. The insurance provider reported $1.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.21. The company had revenue of $958.00 million for the quarter, compared to analyst estimates of $949.85 million. Athene had a net margin of 15.58% and a return on equity of 12.54%. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 EPS. analysts forecast that Athene Holding Ltd will post 5.86 earnings per share for the current year.
In other Athene news, Director Hope S. Taitz sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $49.90, for a total value of $499,000.00. Following the transaction, the director now directly owns 61,269 shares in the company, valued at approximately $3,057,323.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Grant Kvalheim sold 122,418 shares of the company’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $50.28, for a total transaction of $6,155,177.04. Following the completion of the transaction, the insider now owns 1,631,434 shares in the company, valued at $82,028,501.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 283,884 shares of company stock worth $14,230,489. 8.46% of the stock is owned by insiders.
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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