Sapience Investments LLC Buys Shares of 46,600 Athene Holding Ltd (ATH)

Sapience Investments LLC bought a new position in Athene Holding Ltd (NYSE:ATH) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 46,600 shares of the insurance provider’s stock, valued at approximately $2,043,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of ATH. Rhumbline Advisers boosted its stake in Athene by 14.8% in the 1st quarter. Rhumbline Advisers now owns 103,216 shares of the insurance provider’s stock worth $4,935,000 after purchasing an additional 13,333 shares during the period. SG Americas Securities LLC boosted its stake in Athene by 36.8% in the 1st quarter. SG Americas Securities LLC now owns 25,803 shares of the insurance provider’s stock worth $1,234,000 after purchasing an additional 6,941 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in Athene by 31.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 88,080 shares of the insurance provider’s stock worth $4,211,000 after purchasing an additional 20,955 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in Athene by 236.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 5,685 shares of the insurance provider’s stock worth $271,000 after purchasing an additional 3,997 shares during the period. Finally, State of Wisconsin Investment Board boosted its stake in Athene by 12.3% in the 1st quarter. State of Wisconsin Investment Board now owns 127,891 shares of the insurance provider’s stock worth $6,114,000 after purchasing an additional 14,009 shares during the period. Institutional investors and hedge funds own 67.78% of the company’s stock.

A number of analysts have recently issued reports on the company. Royal Bank of Canada reiterated a “buy” rating and set a $58.00 price target on shares of Athene in a research report on Friday, August 3rd. Wells Fargo & Co reiterated a “buy” rating and set a $65.00 price target on shares of Athene in a research report on Friday, August 3rd. Citigroup reiterated a “hold” rating on shares of Athene in a research report on Wednesday, July 11th. Barclays dropped their price target on Athene from $51.00 to $47.00 and set an “equal weight” rating for the company in a research report on Monday, July 9th. Finally, Zacks Investment Research upgraded Athene from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Wednesday, July 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $60.42.

In related news, insider Grant Kvalheim sold 122,418 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $50.28, for a total value of $6,155,177.04. Following the completion of the sale, the insider now owns 1,631,434 shares in the company, valued at approximately $82,028,501.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Hope S. Taitz sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $49.90, for a total value of $499,000.00. Following the completion of the sale, the director now owns 61,269 shares of the company’s stock, valued at approximately $3,057,323.10. The disclosure for this sale can be found here. Insiders sold a total of 283,884 shares of company stock valued at $14,230,489 in the last 90 days. 8.46% of the stock is currently owned by corporate insiders.

Shares of ATH opened at $51.11 on Friday. The stock has a market cap of $9.90 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 0.56 and a beta of 0.38. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.12. Athene Holding Ltd has a 12-month low of $43.09 and a 12-month high of $55.22.

Athene (NYSE:ATH) last issued its quarterly earnings results on Thursday, August 2nd. The insurance provider reported $1.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.21. The firm had revenue of $958.00 million during the quarter, compared to the consensus estimate of $949.85 million. Athene had a return on equity of 12.54% and a net margin of 15.58%. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter last year, the company posted $1.43 EPS. equities analysts forecast that Athene Holding Ltd will post 5.86 earnings per share for the current year.

About Athene

Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products in the United States, the District of Columbia, and Germany. It offers fixed deferred, immediate, and payout annuities; and funding agreements and pension risk transfer products to institutional investors.

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Institutional Ownership by Quarter for Athene (NYSE:ATH)

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