Insider Selling: Athene Holding Ltd. (NYSE:ATH) EVP Sells $613,000.00 in Stock

Athene Holding Ltd. (NYSE:ATH) EVP John Leonard Golden sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 12th. The shares were sold at an average price of $61.30, for a total transaction of $613,000.00. Following the sale, the executive vice president now directly owns 97,459 shares in the company, valued at $5,974,236.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

ATH opened at $62.23 on Monday. The company has a market cap of $11.93 billion, a PE ratio of 15.71 and a beta of 1.61. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.09. Athene Holding Ltd. has a twelve month low of $23.70 and a twelve month high of $63.36. The company has a 50-day moving average price of $55.49 and a 200 day moving average price of $46.70.

Athene (NYSE:ATH) last released its quarterly earnings data on Friday, May 7th. The insurance provider reported $3.80 EPS for the quarter, beating the Zacks’ consensus estimate of $2.15 by $1.65. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.61 billion. The firm’s revenue was up 128.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.36) EPS. As a group, sell-side analysts expect that Athene Holding Ltd. will post 5.29 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the business. Pinebridge Investments L.P. acquired a new stake in Athene in the 1st quarter valued at about $26,000. Zions Bancorporation N.A. grew its stake in shares of Athene by 207.6% in the 1st quarter. Zions Bancorporation N.A. now owns 606 shares of the insurance provider’s stock valued at $31,000 after buying an additional 409 shares during the period. First Horizon Corp grew its stake in shares of Athene by 54.6% in the 4th quarter. First Horizon Corp now owns 694 shares of the insurance provider’s stock valued at $29,000 after buying an additional 245 shares during the period. Captrust Financial Advisors grew its stake in shares of Athene by 71.1% in the 4th quarter. Captrust Financial Advisors now owns 2,356 shares of the insurance provider’s stock valued at $102,000 after buying an additional 979 shares during the period. Finally, Islay Capital Management LLC purchased a new stake in shares of Athene in the 1st quarter valued at approximately $130,000. Institutional investors own 91.46% of the company’s stock.

Several equities research analysts have commented on the stock. Morgan Stanley upped their price target on shares of Athene from $53.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, April 1st. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $55.00 price target on shares of Athene in a report on Monday, March 15th. JPMorgan Chase & Co. lowered shares of Athene from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $57.00 to $54.00 in a report on Monday, April 5th. BMO Capital Markets upped their price objective on shares of Athene from $78.00 to $83.00 and gave the stock an “outperform” rating in a research report on Monday, May 10th. Finally, TheStreet upgraded shares of Athene from a “c” rating to a “b” rating in a research report on Wednesday, February 17th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. Athene currently has a consensus rating of “Hold” and an average price target of $59.45.

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.

Featured Story: Front-End Load

Receive News & Ratings for Athene Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Athene and related companies with MarketBeat.com's FREE daily email newsletter.