Teacher Retirement System of Texas Has $73.63 Million Stake in Athene Holding Ltd (ATH)

Teacher Retirement System of Texas trimmed its stake in Athene Holding Ltd (NYSE:ATH) by 12.2% in the 1st quarter, Holdings Channel reports. The firm owned 1,804,707 shares of the insurance provider’s stock after selling 251,226 shares during the period. Teacher Retirement System of Texas’ holdings in Athene were worth $73,632,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. State of Alaska Department of Revenue lifted its stake in shares of Athene by 1.6% in the 1st quarter. State of Alaska Department of Revenue now owns 17,133 shares of the insurance provider’s stock valued at $699,000 after purchasing an additional 263 shares during the last quarter. Twin Capital Management Inc. lifted its stake in shares of Athene by 0.4% in the 1st quarter. Twin Capital Management Inc. now owns 73,590 shares of the insurance provider’s stock valued at $3,002,000 after purchasing an additional 320 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Athene by 7.8% in the 4th quarter. Daiwa Securities Group Inc. now owns 5,549 shares of the insurance provider’s stock valued at $221,000 after purchasing an additional 400 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in shares of Athene by 3.2% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 14,548 shares of the insurance provider’s stock valued at $594,000 after purchasing an additional 445 shares during the last quarter. Finally, Comerica Bank lifted its stake in shares of Athene by 9.6% in the 1st quarter. Comerica Bank now owns 5,608 shares of the insurance provider’s stock valued at $238,000 after purchasing an additional 491 shares during the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

Shares of ATH stock traded up $0.88 on Tuesday, reaching $43.91. 34,572 shares of the company’s stock were exchanged, compared to its average volume of 1,453,336. Athene Holding Ltd has a 52 week low of $37.20 and a 52 week high of $53.92. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a market capitalization of $8.87 billion, a P/E ratio of 7.54, a P/E/G ratio of 0.40 and a beta of 0.92.



Athene (NYSE:ATH) last issued its earnings results on Tuesday, May 7th. The insurance provider reported $1.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.70 by ($0.20). The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.25 billion. Athene had a net margin of 14.36% and a return on equity of 13.32%. The company’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same period last year, the firm earned $1.21 earnings per share. As a group, sell-side analysts forecast that Athene Holding Ltd will post 7.13 EPS for the current year.

Several research firms have recently issued reports on ATH. Wells Fargo & Co reaffirmed a “buy” rating and issued a $53.00 price objective on shares of Athene in a research note on Tuesday, May 7th. Zacks Investment Research lowered Athene from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Finally, BMO Capital Markets raised Athene from a “market perform” rating to an “outperform” rating and set a $44.17 price objective for the company in a research note on Wednesday, February 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $55.35.

In other Athene news, insider Frank Lauren Gillis sold 19,500 shares of Athene stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $44.43, for a total transaction of $866,385.00. Following the completion of the sale, the insider now directly owns 211,358 shares of the company’s stock, valued at approximately $9,390,635.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 78,000 shares of company stock valued at $3,393,975. 8.46% of the stock is currently owned by corporate insiders.

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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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