Massachusetts Financial Services Co. MA lifted its position in Athene Holding Ltd (NYSE:ATH) by 5.7% during the third quarter, HoldingsChannel.com reports. The fund owned 1,541,699 shares of the insurance provider’s stock after purchasing an additional 82,866 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Athene were worth $79,645,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Brown Advisory Inc. acquired a new stake in Athene during the 1st quarter worth approximately $241,000. Calamos Advisors LLC acquired a new stake in Athene during the 3rd quarter worth approximately $281,000. Comerica Bank raised its holdings in Athene by 29.9% during the 2nd quarter. Comerica Bank now owns 6,062 shares of the insurance provider’s stock worth $270,000 after buying an additional 1,395 shares during the period. Summit Trail Advisors LLC raised its holdings in Athene by 20.2% during the 2nd quarter. Summit Trail Advisors LLC now owns 6,124 shares of the insurance provider’s stock worth $268,000 after buying an additional 1,028 shares during the period. Finally, IFM Investors Pty Ltd acquired a new stake in Athene during the 3rd quarter worth approximately $337,000. Institutional investors and hedge funds own 67.27% of the company’s stock.
In other news, insider Grant Kvalheim sold 122,418 shares of Athene stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $50.28, for a total value of $6,155,177.04. Following the sale, the insider now directly owns 1,631,434 shares in the company, valued at $82,028,501.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hope S. Taitz sold 10,000 shares of Athene stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $49.90, for a total transaction of $499,000.00. Following the completion of the sale, the director now owns 61,269 shares in the company, valued at $3,057,323.10. The disclosure for this sale can be found here. Insiders sold 469,884 shares of company stock worth $23,791,629 over the last quarter. 8.46% of the stock is owned by corporate insiders.
Athene (NYSE:ATH) last posted its quarterly earnings data on Wednesday, October 31st. The insurance provider reported $1.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.70 by $0.25. Athene had a net margin of 15.58% and a return on equity of 12.54%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the company earned $1.18 earnings per share. The firm’s revenue was up 30.5% compared to the same quarter last year. On average, analysts predict that Athene Holding Ltd will post 6.02 EPS for the current fiscal year.
Several analysts have commented on ATH shares. Zacks Investment Research upgraded shares of Athene from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Wednesday, July 4th. Barclays dropped their target price on shares of Athene from $51.00 to $47.00 and set an “equal weight” rating on the stock in a report on Monday, July 9th. Citigroup restated a “hold” rating on shares of Athene in a report on Wednesday, July 11th. Wells Fargo & Co restated a “buy” rating and set a $65.00 target price on shares of Athene in a report on Friday, August 3rd. Finally, Royal Bank of Canada restated a “buy” rating and set a $58.00 target price on shares of Athene in a report on Friday, August 3rd. One investment 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 company currently has an average rating of “Buy” and a consensus target price of $61.17.
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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