Worldquant Millennium Quantitative Strategies LLC purchased a new position in Athene Holding Ltd (NYSE:ATH) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 10,246 shares of the insurance provider’s stock, valued at approximately $449,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ATH. Brown Advisory Inc. acquired a new stake in Athene in the 1st quarter worth $241,000. Summit Trail Advisors LLC grew its position in Athene by 20.2% in the 2nd quarter. Summit Trail Advisors LLC now owns 6,124 shares of the insurance provider’s stock worth $268,000 after purchasing an additional 1,028 shares during the last quarter. Comerica Bank grew its position in Athene by 29.9% in the 2nd quarter. Comerica Bank now owns 6,062 shares of the insurance provider’s stock worth $270,000 after purchasing an additional 1,395 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position 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 last quarter. Finally, Sciencast Management LP acquired a new stake in Athene in the 1st quarter worth $358,000. Institutional investors own 67.76% of the company’s stock.

Several analysts have issued reports on ATH shares. Wells Fargo & Co set a $65.00 price target on shares of Athene and gave the stock a “buy” rating in a research report on Monday, June 4th. Royal Bank of Canada restated a “buy” rating and issued a $58.00 price target on shares of Athene in a research report on Friday, August 3rd. Zacks Investment Research upgraded shares of Athene from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Wednesday, July 4th. Barclays started coverage on shares of Athene in a research report on Friday, June 8th. They issued an “equal weight” rating and a $51.00 price target on the stock. Finally, Citigroup restated a “hold” rating on shares of Athene in a research report on Wednesday, July 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $60.42.

In other news, insider Grant Kvalheim sold 38,985 shares of Athene stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $50.01, for a total transaction of $1,949,639.85. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Hope S. Taitz sold 10,000 shares of the business’s stock in a transaction dated 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 transaction, 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. Over the last quarter, insiders have sold 283,884 shares of company stock worth $14,230,489. 8.46% of the stock is owned by company insiders.

Shares of Athene stock opened at $51.27 on Tuesday. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.12. Athene Holding Ltd has a twelve month low of $43.09 and a twelve month high of $55.22. The stock has a market cap of $10.21 billion, a PE ratio of 9.06, a price-to-earnings-growth ratio of 0.58 and a beta of 0.36.

Athene (NYSE:ATH) last issued its earnings results on Thursday, August 2nd. The insurance provider reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.21. Athene had a net margin of 15.58% and a return on equity of 12.54%. The business had revenue of $958.00 million for the quarter, compared to analyst estimates of $949.85 million. During the same period in the previous year, the business earned $1.43 EPS. The firm’s revenue was up 16.7% on a year-over-year basis. research 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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