Skandinaviska Enskilda Banken AB publ Acquires New Holdings in Athene Holding Ltd (ATH)

Skandinaviska Enskilda Banken AB publ acquired a new stake in Athene Holding Ltd (NYSE:ATH) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 399,925 shares of the insurance provider’s stock, valued at approximately $20,660,000.

Several other large investors also recently added to or reduced their stakes in ATH. BlackRock Inc. boosted its position in shares of Athene by 7.5% in the second quarter. BlackRock Inc. now owns 9,098,796 shares of the insurance provider’s stock valued at $398,891,000 after acquiring an additional 632,619 shares during the period. Point72 Asset Management L.P. boosted its position in shares of Athene by 4.2% in the second quarter. Point72 Asset Management L.P. now owns 2,177,100 shares of the insurance provider’s stock valued at $95,444,000 after acquiring an additional 87,911 shares during the period. Teacher Retirement System of Texas boosted its position in shares of Athene by 283.3% in the second quarter. Teacher Retirement System of Texas now owns 1,996,436 shares of the insurance provider’s stock valued at $87,524,000 after acquiring an additional 1,475,608 shares during the period. Levin Capital Strategies L.P. boosted its position in shares of Athene by 16.7% in the second quarter. Levin Capital Strategies L.P. now owns 1,769,809 shares of the insurance provider’s stock valued at $77,588,000 after acquiring an additional 253,628 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Athene by 5.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,541,699 shares of the insurance provider’s stock valued at $79,645,000 after acquiring an additional 82,866 shares during the period. Hedge funds and other institutional investors own 67.25% of the company’s stock.

A number of equities research analysts have recently issued reports on ATH shares. Bank of America reissued a “buy” rating and issued a $67.00 target price on shares of Athene in a research report on Wednesday, October 3rd. Wells Fargo & Co set a $67.00 target price on shares of Athene and gave the company a “buy” rating in a research report on Wednesday, October 31st. Royal Bank of Canada reissued a “buy” rating and issued a $58.00 target price on shares of Athene in a research report on Friday, August 3rd. Morgan Stanley boosted their target price on shares of Athene from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Friday, September 21st. Finally, SunTrust Banks reissued a “buy” rating and issued a $59.00 target price on shares of Athene in a research report on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $61.15.

ATH opened at $47.57 on Friday. Athene Holding Ltd has a twelve month low of $43.09 and a twelve month high of $53.92. The company has a debt-to-equity ratio of 0.11, a current ratio of 264.96 and a quick ratio of 264.96. The stock has a market cap of $9.17 billion, a P/E ratio of 8.40, a PEG ratio of 0.56 and a beta of 0.81.

Athene (NYSE:ATH) last posted its quarterly earnings data on Wednesday, October 31st. The insurance provider reported $1.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.21. Athene had a net margin of 17.65% and a return on equity of 18.93%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the prior year, the business posted $1.18 earnings per share. Athene’s revenue was up 30.5% compared to the same quarter last year. As a group, analysts anticipate that Athene Holding Ltd will post 6.24 EPS for the current fiscal year.

In other news, insider Frank Lauren Gillis sold 1,000 shares of the stock in a transaction dated Thursday, October 11th. The shares were sold at an average price of $50.04, for a total value of $50,040.00. Following the completion of the transaction, the insider now owns 218,638 shares of the company’s stock, valued at $10,940,645.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Grant Kvalheim sold 122,418 shares of the stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $50.28, for a total transaction of $6,155,177.04. Following the completion of the transaction, the insider now directly owns 1,631,434 shares of the company’s stock, valued at approximately $82,028,501.52. The disclosure for this sale can be found here. Insiders have sold 416,831 shares of company stock valued at $21,139,589 in the last ninety days. 8.46% of the stock is currently owned by company insiders.

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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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