Insider Buying: Athene Holding Ltd (NYSE:ATH) Director Purchases 10,000 Shares of Stock

Athene Holding Ltd (NYSE:ATH) Director Marc A. Beilinson purchased 10,000 shares of the stock in a transaction dated Monday, June 10th. The stock was acquired at an average price of $25.00 per share, for a total transaction of $250,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Athene stock opened at $43.31 on Wednesday. The firm has a market capitalization of $8.60 billion, a price-to-earnings ratio of 7.44, a price-to-earnings-growth ratio of 0.38 and a beta of 0.97. Athene Holding Ltd has a 12 month low of $37.20 and a 12 month high of $53.92. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.11 and a quick ratio of 0.11.

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

Several analysts recently weighed in on the stock. Wells Fargo & Co reiterated a “buy” rating and issued a $53.00 price objective on shares of Athene in a research report on Tuesday, February 26th. Zacks Investment Research cut shares of Athene from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. BMO Capital Markets raised Athene from a “market perform” rating to an “outperform” rating and set a $44.17 price target for the company in a report on Wednesday, February 27th. Finally, Credit Suisse Group decreased their price target on Athene from $67.00 to $57.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 21st. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $55.52.

Several institutional investors have recently made changes to their positions in ATH. Wellington Management Group LLP lifted its position in shares of Athene by 38.8% in the first quarter. Wellington Management Group LLP now owns 14,049,501 shares of the insurance provider’s stock worth $573,219,000 after buying an additional 3,930,759 shares in the last quarter. Vanguard Group Inc grew its stake in shares of Athene by 0.7% during the third quarter. Vanguard Group Inc now owns 12,955,764 shares of the insurance provider’s stock valued at $669,296,000 after buying an additional 84,095 shares during the last quarter. BlackRock Inc. grew its stake in Athene by 18.1% in the first quarter. BlackRock Inc. now owns 10,629,381 shares of the insurance provider’s stock worth $433,680,000 after purchasing an additional 1,632,703 shares in the last quarter. California Public Employees Retirement System grew its stake in Athene by 1.0% in the fourth quarter. California Public Employees Retirement System now owns 8,652,105 shares of the insurance provider’s stock worth $374,845,000 after purchasing an additional 89,162 shares in the last quarter. Finally, CI Investments Inc. bought a new position in Athene in the fourth quarter worth approximately $285,245,000. Institutional investors and hedge funds own 71.91% of the company’s stock.

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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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