Nisa Investment Advisors LLC Sells 17,498 Shares of Athene Holding Ltd (ATH)

Nisa Investment Advisors LLC trimmed its stake in Athene Holding Ltd (NYSE:ATH) by 58.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,295 shares of the insurance provider’s stock after selling 17,498 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Athene were worth $635,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brown Advisory Inc. purchased a new position in shares of Athene during the first quarter valued at $241,000. Summit Trail Advisors LLC grew its holdings in shares of Athene by 20.2% during the second 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 grew its holdings in shares of Athene by 29.9% during the second 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. Standard Life Aberdeen plc purchased a new position in shares of Athene during the second quarter valued at $379,000. Finally, Worldquant Millennium Quantitative Strategies LLC purchased a new position in shares of Athene during the second quarter valued at $449,000. Institutional investors and hedge funds own 67.27% of the company’s stock.

In other Athene news, insider Frank Lauren Gillis sold 1,000 shares of the business’s stock in a transaction dated Thursday, October 11th. The stock was sold at an average price of $50.04, for a total value of $50,040.00. Following the completion of the sale, the insider now owns 218,638 shares of the company’s stock, valued at $10,940,645.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Grant Kvalheim sold 122,418 shares of the business’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $50.28, for a total value of $6,155,177.04. Following the completion of the sale, the insider now directly owns 1,631,434 shares of the company’s stock, valued at approximately $82,028,501.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 469,884 shares of company stock valued at $23,791,629. Insiders own 8.46% of the company’s stock.



A number of brokerages have recently weighed in on ATH. Zacks Investment Research upgraded Athene from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Wednesday, July 4th. Bank of America reiterated a “buy” rating and set a $67.00 price target on shares of Athene in a report on Wednesday, October 3rd. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $68.00 price target on shares of Athene in a report on Friday, September 21st. Royal Bank of Canada reiterated a “buy” rating and set a $58.00 price target on shares of Athene in a report on Friday, August 3rd. Finally, Wells Fargo & Co reiterated a “buy” rating and set a $65.00 price target on shares of Athene in a report on Friday, August 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $61.17.

ATH opened at $45.16 on Wednesday. The firm has a market cap of $9.10 billion, a P/E ratio of 8.01, a PEG ratio of 0.57 and a beta of 0.34. Athene Holding Ltd has a 1 year low of $43.09 and a 1 year high of $53.92. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.12.

Athene (NYSE:ATH) last released its quarterly earnings data on Thursday, August 2nd. The insurance provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.21. The firm had revenue of $958.00 million during the quarter, compared to analysts’ expectations of $949.85 million. Athene had a return on equity of 12.54% and a net margin of 15.58%. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 earnings per share. As a group, analysts predict that Athene Holding Ltd will post 6.02 earnings per share for the current year.

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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