SignalPoint Asset Management LLC bought a new stake in Athene Holding Ltd (NYSE:ATH) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 8,794 shares of the insurance provider’s stock, valued at approximately $370,000.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. boosted its position in Athene by 84.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 114,274 shares of the insurance provider’s stock worth $4,805,000 after buying an additional 52,246 shares during the period. Signaturefd LLC boosted its position in Athene by 15.2% during the 3rd quarter. Signaturefd LLC now owns 7,905 shares of the insurance provider’s stock worth $332,000 after buying an additional 1,045 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Athene by 32.1% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,718 shares of the insurance provider’s stock worth $366,000 after buying an additional 2,116 shares during the period. DNB Asset Management AS boosted its position in Athene by 3.2% during the 3rd quarter. DNB Asset Management AS now owns 48,724 shares of the insurance provider’s stock worth $2,049,000 after buying an additional 1,492 shares during the period. Finally, Fox Run Management L.L.C. bought a new position in Athene during the 3rd quarter worth approximately $339,000. 70.73% of the stock is currently owned by hedge funds and other institutional investors.
ATH has been the subject of several analyst reports. BMO Capital Markets set a $68.00 price target on shares of Athene and gave the stock a “buy” rating in a report on Wednesday, August 7th. Bank of America restated a “buy” rating and set a $49.00 price target on shares of Athene in a report on Monday, August 5th. Morgan Stanley lowered their price target on shares of Athene from $56.00 to $55.00 and set an “overweight” rating for the company in a report on Tuesday, August 20th. Royal Bank of Canada lowered shares of Athene from a “sector perform” rating to an “underperform” rating in a report on Friday. Finally, ValuEngine upgraded shares of Athene from a “sell” rating to a “hold” rating in a report on Saturday, October 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $53.90.
Athene (NYSE:ATH) last released its quarterly earnings results 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 firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.28 billion. Athene had a net margin of 16.27% and a return on equity of 12.84%. The company’s revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.48 EPS. As a group, analysts forecast that Athene Holding Ltd will post 7 earnings per share for the current fiscal year.
In related news, CEO James Richard Belardi acquired 40,000 shares of the stock in a transaction dated Thursday, September 19th. The stock was bought at an average price of $25.00 per share, for a total transaction of $1,000,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert L. Borden sold 3,000 shares of Athene stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $37.75, for a total transaction of $113,250.00. Following the completion of the sale, the director now owns 29,012 shares of the company’s stock, valued at approximately $1,095,203. The disclosure for this sale can be found here. Insiders sold a total of 56,500 shares of company stock valued at $2,212,480 in the last quarter. 8.70% of the stock is currently owned by company insiders.
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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