Artemis Investment Management LLP lessened its holdings in shares of Athene Holding Ltd (NYSE:ATH) by 7.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 229,100 shares of the insurance provider’s stock after selling 19,304 shares during the quarter. Artemis Investment Management LLP’s holdings in Athene were worth $9,615,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Trexquant Investment LP bought a new position in shares of Athene in the second quarter valued at approximately $1,456,000. Charles Schwab Investment Management Inc. raised its position in shares of Athene by 3.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 596,406 shares of the insurance provider’s stock valued at $25,682,000 after purchasing an additional 17,943 shares during the period. Tealwood Asset Management Inc. raised its position in shares of Athene by 6.6% in the second quarter. Tealwood Asset Management Inc. now owns 31,930 shares of the insurance provider’s stock valued at $1,375,000 after purchasing an additional 1,988 shares during the period. KBC Group NV raised its position in shares of Athene by 1,456.4% in the second quarter. KBC Group NV now owns 143,266 shares of the insurance provider’s stock valued at $6,169,000 after purchasing an additional 134,061 shares during the period. Finally, ARP Americas LP bought a new position in shares of Athene in the second quarter valued at approximately $400,000. 70.70% of the stock is currently owned by institutional investors.
A number of equities analysts have recently commented on the stock. Royal Bank of Canada reissued a “hold” rating on shares of Athene in a research report on Thursday, July 18th. ValuEngine raised shares of Athene from a “sell” rating to a “hold” rating in a research report on Saturday, October 5th. Morgan Stanley dropped their price target on shares of Athene from $56.00 to $55.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 20th. Wells Fargo & Co dropped their price target on shares of Athene from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Citigroup dropped their price target on shares of Athene from $49.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $53.90.
Athene (NYSE:ATH) last announced its quarterly earnings data on Monday, August 5th. The insurance provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.14. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.28 billion. Athene had a net margin of 16.27% and a return on equity of 12.84%. Athene’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter last year, the company posted $1.48 earnings per share. As a group, research analysts forecast that Athene Holding Ltd will post 7 earnings per share for the current fiscal year.
In other news, Director Robert L. Borden sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $37.75, for a total value of $113,250.00. Following the sale, the director now owns 29,012 shares in the company, valued at $1,095,203. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Frank Lauren Gillis sold 19,500 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $38.00, for a total transaction of $741,000.00. Following the completion of the sale, the insider now owns 167,817 shares in the company, valued at approximately $6,377,046. The disclosure for this sale can be found here. In the last 90 days, insiders sold 53,500 shares of company stock worth $2,092,480. 8.70% of the stock is currently owned by corporate insiders.
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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