BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $1.03 Million Position in Athene Holding Ltd. (NYSE:ATH)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its stake in shares of Athene Holding Ltd. (NYSE:ATH) by 5.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,417 shares of the insurance provider’s stock after selling 1,279 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Athene were worth $1,029,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ATH. First Horizon Corp lifted its holdings in shares of Athene by 54.6% during the 4th quarter. First Horizon Corp now owns 694 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 245 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of Athene by 71.1% during the 4th quarter. Captrust Financial Advisors now owns 2,356 shares of the insurance provider’s stock valued at $102,000 after purchasing an additional 979 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Athene by 9.3% during the 4th quarter. US Bancorp DE now owns 3,849 shares of the insurance provider’s stock valued at $166,000 after purchasing an additional 329 shares in the last quarter. Pinnacle Wealth Planning Services Inc. lifted its holdings in shares of Athene by 147.7% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 4,535 shares of the insurance provider’s stock valued at $229,000 after purchasing an additional 2,704 shares in the last quarter. Finally, Comerica Bank bought a new position in shares of Athene during the 4th quarter valued at about $203,000. Institutional investors own 91.46% of the company’s stock.

In other news, Director H Carl Mccall sold 4,800 shares of the stock in a transaction dated Monday, May 10th. The stock was sold at an average price of $62.86, for a total value of $301,728.00. Following the completion of the sale, the director now owns 28,741 shares of the company’s stock, valued at $1,806,659.26. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John Leonard Golden sold 10,000 shares of the stock in a transaction dated Wednesday, May 12th. The shares were sold at an average price of $61.30, for a total value of $613,000.00. Following the completion of the sale, the executive vice president now directly owns 97,459 shares of the company’s stock, valued at approximately $5,974,236.70. The disclosure for this sale can be found here. Corporate insiders own 7.60% of the company’s stock.

Several research firms have commented on ATH. UBS Group cut Athene from a “buy” rating to a “neutral” rating and boosted their target price for the company from $55.00 to $66.00 in a research note on Thursday. TheStreet upgraded Athene from a “c” rating to a “b” rating in a research note on Wednesday, February 17th. Truist Securities upped their price objective on Athene from $56.00 to $68.00 and gave the stock a “buy” rating in a research note on Friday. Truist upped their price objective on Athene from $56.00 to $68.00 and gave the stock a “buy” rating in a research note on Friday. Finally, BMO Capital Markets upped their price objective on Athene from $78.00 to $83.00 and gave the stock an “outperform” rating in a research note on Monday, May 10th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $59.45.

NYSE:ATH opened at $62.23 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.56 and a current ratio of 0.56. Athene Holding Ltd. has a fifty-two week low of $23.70 and a fifty-two week high of $63.36. The company has a market cap of $11.93 billion, a price-to-earnings ratio of 15.71 and a beta of 1.61. The stock has a fifty day moving average price of $55.49 and a 200-day moving average price of $46.70.

Athene (NYSE:ATH) last announced its quarterly earnings data on Friday, May 7th. The insurance provider reported $3.80 earnings per share for the quarter, topping the consensus estimate of $2.15 by $1.65. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the company earned ($0.36) earnings per share. Athene’s quarterly revenue was up 128.7% compared to the same quarter last year. Research analysts predict that Athene Holding Ltd. will post 5.29 EPS for the current fiscal year.

About Athene

Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products for individuals and institutions in the United States and Bermuda. The company provides annuity retirement solutions to its policyholders; and reinsures multi-year guaranteed annuities, fixed indexed annuities, traditional one-year guarantee fixed deferred annuities, immediate annuities, and institutional products.

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Institutional Ownership by Quarter for Athene (NYSE:ATH)

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