Schroder Investment Management Group Cuts Stake in Athene Holding Ltd (ATH)

Schroder Investment Management Group lessened its holdings in Athene Holding Ltd (NYSE:ATH) by 7.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,513,563 shares of the insurance provider’s stock after selling 122,559 shares during the period. Schroder Investment Management Group’s holdings in Athene were worth $65,976,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Andra AP fonden raised its stake in shares of Athene by 21.2% in the 2nd quarter. Andra AP fonden now owns 224,800 shares of the insurance provider’s stock valued at $9,855,000 after acquiring an additional 39,300 shares during the period. Bank of Nova Scotia purchased a new position in shares of Athene in the 2nd quarter valued at $13,284,000. Verition Fund Management LLC raised its stake in shares of Athene by 95.1% in the 2nd quarter. Verition Fund Management LLC now owns 27,526 shares of the insurance provider’s stock valued at $1,207,000 after acquiring an additional 13,416 shares during the period. BTC Capital Management Inc. raised its stake in shares of Athene by 4.4% in the 2nd quarter. BTC Capital Management Inc. now owns 38,574 shares of the insurance provider’s stock valued at $1,689,000 after acquiring an additional 1,634 shares during the period. Finally, GMT Capital Corp raised its stake in shares of Athene by 32.4% in the 2nd quarter. GMT Capital Corp now owns 1,364,270 shares of the insurance provider’s stock valued at $1,396,000 after acquiring an additional 333,800 shares during the period. 67.76% of the stock is currently owned by institutional investors and hedge funds.

ATH has been the topic of a number of research reports. Wells Fargo & Co reissued a “buy” rating on shares of Athene in a research note on Tuesday, June 12th. Zacks Investment Research raised shares of Athene from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Tuesday, June 26th. Barclays dropped their price target on shares of Athene from $51.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Monday, July 9th. Citigroup reaffirmed a “hold” rating on shares of Athene in a research note on Wednesday, July 11th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $58.00 price target on shares of Athene in a research note on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. Athene has a consensus rating of “Buy” and a consensus price target of $61.31.

Athene stock opened at $52.01 on Tuesday. Athene Holding Ltd has a 12-month low of $43.09 and a 12-month high of $55.22. The firm has a market cap of $10.32 billion, a P/E ratio of 9.19, a PEG ratio of 0.58 and a beta of 0.33. 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 (NYSE:ATH) last released its quarterly earnings results on Thursday, August 2nd. The insurance provider reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $958.00 million for the quarter, compared to the consensus estimate of $949.85 million. During the same quarter in the previous year, the firm posted $1.43 EPS. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. On average, equities analysts expect that Athene Holding Ltd will post 5.89 EPS for the current fiscal year.

In other Athene news, insider Grant Kvalheim sold 38,985 shares of the firm’s stock in a transaction on 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 Securities & Exchange Commission, which can be accessed through this link. Also, Director Hope S. Taitz sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $49.90, for a total transaction of $499,000.00. Following the transaction, the director now directly owns 61,269 shares of the company’s stock, valued at $3,057,323.10. The disclosure for this sale can be found here. Insiders have sold a total of 468,884 shares of company stock worth $23,741,589 in the last ninety days. 8.46% of the stock is currently owned by insiders.

Athene Profile

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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