Sei Investments Co. trimmed its holdings in shares of Athene Holding Ltd. (NYSE:ATH) by 15.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,953 shares of the insurance provider’s stock after selling 3,133 shares during the quarter. Sei Investments Co.’s holdings in Athene were worth $1,148,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Ameriprise Financial Inc. increased its position in shares of Athene by 1.3% during the 1st quarter. Ameriprise Financial Inc. now owns 13,829 shares of the insurance provider’s stock worth $697,000 after purchasing an additional 184 shares during the last quarter. Zions Bancorporation N.A. grew its position in 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 acquiring an additional 409 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in Athene in the 2nd quarter valued at about $29,000. Eaton Vance Management grew its position in Athene by 0.3% in the 1st quarter. Eaton Vance Management now owns 150,544 shares of the insurance provider’s stock valued at $7,587,000 after acquiring an additional 507 shares in the last quarter. Finally, Pinebridge Investments L.P. acquired a new position in Athene in the 1st quarter valued at about $26,000. 85.86% of the stock is owned by hedge funds and other institutional investors.
Shares of ATH stock opened at $65.14 on Tuesday. The business’s fifty day moving average price is $66.01 and its 200 day moving average price is $61.32. Athene Holding Ltd. has a 1-year low of $30.05 and a 1-year high of $71.37. The firm has a market capitalization of $12.49 billion, a PE ratio of 3.50 and a beta of 1.68. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.60 and a quick ratio of 0.60.
Several equities analysts have weighed in on the company. Zacks Investment Research raised Athene from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research report on Tuesday, August 17th. Piper Sandler lifted their price objective on Athene from $66.10 to $72.72 and gave the company a “neutral” rating in a research note on Thursday, July 8th. They noted that the move was a valuation call. Truist Financial cut Athene to a “hold” rating in a research note on Tuesday, August 10th. Citigroup boosted their target price on Athene from $54.00 to $66.00 and gave the stock a “neutral” rating in a research note on Monday, June 14th. Finally, boosted their target price on Athene from $66.00 to $67.00 and gave the stock a “neutral” rating in a research note on Monday, June 21st. Thirteen equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $65.62.
In other news, Director Robert L. Borden sold 2,000 shares of the stock in a transaction dated Wednesday, September 15th. The stock was sold at an average price of $68.80, for a total value of $137,600.00. Following the completion of the sale, the director now owns 17,107 shares in the company, valued at $1,176,961.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Martin P. Klein sold 2,700 shares of the firm’s stock in a transaction that occurred on Wednesday, July 21st. The shares were sold at an average price of $64.48, for a total value of $174,096.00. The disclosure for this sale can be found here. Insiders sold 13,974 shares of company stock worth $921,712 in the last three months. 6.80% of the stock is owned by corporate insiders.
Athene Holding Ltd. is engages in the provision of retirement services. The firm issues, reinsures and acquires retirement savings products and institutional products. It operates through following segments: Retirement Services, and Corporate and Other. The Retirement Services segment is comprised of US and Bermuda operations, which issue and reinsure retirement savings products and institutional products.
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