Neuberger Berman Group LLC lifted its stake in shares of Athene Holding (NYSE:ATH) by 1.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,652,321 shares of the insurance provider’s stock after purchasing an additional 83,027 shares during the period. Neuberger Berman Group LLC owned about 2.83% of Athene worth $270,237,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in ATH. American International Group Inc. purchased a new stake in shares of Athene during the fourth quarter worth about $116,000. Macquarie Group Ltd. increased its stake in shares of Athene by 131.3% during the fourth quarter. Macquarie Group Ltd. now owns 3,700 shares of the insurance provider’s stock worth $191,000 after purchasing an additional 2,100 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Athene by 71.6% during the first quarter. Daiwa Securities Group Inc. now owns 5,149 shares of the insurance provider’s stock worth $246,000 after purchasing an additional 2,149 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Athene during the 1st quarter valued at about $247,000. Finally, Dimensional Fund Advisors LP purchased a new stake in Athene during the 3rd quarter valued at about $261,000. 51.24% of the stock is owned by institutional investors and hedge funds.
In other news, Director Manfred Puffer sold 40,000 shares of the stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $50.44, for a total value of $2,017,600.00. Following the completion of the sale, the director now owns 15,728 shares of the company’s stock, valued at approximately $793,320.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Grant Kvalheim sold 85,000 shares of the stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $50.05, for a total transaction of $4,254,250.00. Following the completion of the sale, the insider now directly owns 1,554,013 shares of the company’s stock, valued at approximately $77,778,350.65. The disclosure for this sale can be found here. In the last three months, insiders sold 135,000 shares of company stock valued at $6,801,050. Corporate insiders own 8.46% of the company’s stock.
Athene opened at $47.10 on Tuesday, MarketBeat Ratings reports. Athene Holding has a 1-year low of $46.50 and a 1-year high of $47.40. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market capitalization of $9.30 billion, a PE ratio of 8.28, a PEG ratio of 0.58 and a beta of 0.20.
Athene (NYSE:ATH) last posted its quarterly earnings results on Thursday, May 3rd. The insurance provider reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.03). Athene had a net margin of 16.41% and a return on equity of 12.75%. The firm had revenue of $855.00 million during the quarter, compared to analysts’ expectations of $906.05 million. During the same period last year, the company earned $1.32 EPS. The business’s quarterly revenue was up 8.8% on a year-over-year basis. equities analysts forecast that Athene Holding will post 5.33 earnings per share for the current fiscal year.
Several analysts recently issued reports on ATH shares. Zacks Investment Research raised shares of Athene from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Wednesday, March 7th. Credit Suisse Group started coverage on shares of Athene in a research note on Wednesday, April 25th. They set an “outperform” rating and a $67.00 price objective for the company. ValuEngine cut shares of Athene from a “buy” rating to a “hold” rating in a research note on Friday, April 6th. UBS raised shares of Athene from a “neutral” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Friday, March 2nd. Finally, Morgan Stanley dropped their price objective on shares of Athene from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Thursday, April 5th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $62.62.
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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