Athene Holding Ltd. (NYSE:ATH) CFO Martin P. Klein Sells 1,500 Shares

Athene Holding Ltd. (NYSE:ATH) CFO Martin P. Klein sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 23rd. The stock was sold at an average price of $69.00, for a total transaction of $103,500.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

NYSE:ATH opened at $69.79 on Friday. The stock has a fifty day simple moving average of $66.25 and a 200 day simple moving average of $61.65. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $13.38 billion, a price-to-earnings ratio of 3.75 and a beta of 1.68. Athene Holding Ltd. has a 1-year low of $30.05 and a 1-year high of $71.37.

Athene (NYSE:ATH) last released its earnings results on Wednesday, August 4th. The insurance provider reported $5.04 earnings per share for the quarter, topping the consensus estimate of $3.40 by $1.64. Athene had a net margin of 16.61% and a return on equity of 14.06%. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.55 billion. Equities analysts predict that Athene Holding Ltd. will post 12.93 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in shares of Athene by 60.9% during the second quarter. Bank of America Corp DE now owns 1,506,786 shares of the insurance provider’s stock valued at $101,709,000 after buying an additional 570,219 shares in the last quarter. Sunflower Bank N.A. purchased a new stake in shares of Athene in the second quarter worth approximately $334,000. Parametric Portfolio Associates LLC grew its position in Athene by 4.2% during the second quarter. Parametric Portfolio Associates LLC now owns 323,038 shares of the insurance provider’s stock valued at $21,805,000 after purchasing an additional 13,017 shares in the last quarter. Morgan Stanley increased its stake in Athene by 89.7% in the 2nd quarter. Morgan Stanley now owns 2,045,717 shares of the insurance provider’s stock valued at $138,086,000 after buying an additional 967,202 shares during the period. Finally, Jefferies Group LLC purchased a new stake in Athene in the 2nd quarter worth approximately $2,700,000. Institutional investors own 85.86% of the company’s stock.

Several equities analysts have weighed in on the company. Piper Sandler raised their price target on Athene from $66.10 to $72.72 and gave the stock a “neutral” rating in a research report on Thursday, July 8th. They noted that the move was a valuation call. Truist Securities cut shares of Athene from a “buy” rating to a “hold” rating in a research report on Tuesday, August 10th. Morgan Stanley cut their price target on shares of Athene from $74.00 to $69.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 1st. raised their price objective on Athene from $66.00 to $67.00 and gave the stock a “neutral” rating in a research note on Monday, June 21st. Finally, Wells Fargo & Company raised their target price on shares of Athene from $66.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, July 9th. Thirteen research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Athene has a consensus rating of “Hold” and a consensus price target of $65.62.

Athene Company Profile

Athene Holding Ltd. is engages in the provision of retirement services. The firm issues, reinsures and acquires retirement savings products and institutional products. It operates through following segments: Retirement Services, and Corporate and Other. The Retirement Services segment is comprised of US and Bermuda operations, which issue and reinsure retirement savings products and institutional products.

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