CDAM UK Ltd Cuts Holdings in Athene Holding Ltd (ATH)

CDAM UK Ltd reduced its stake in shares of Athene Holding Ltd (NYSE:ATH) by 0.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,337,741 shares of the insurance provider’s stock after selling 1,512 shares during the period. Athene makes up approximately 13.1% of CDAM UK Ltd’s portfolio, making the stock its biggest holding. CDAM UK Ltd owned 0.67% of Athene worth $69,108,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in ATH. Summit Trail Advisors LLC grew its position in shares of Athene by 20.2% during the 2nd quarter. Summit Trail Advisors LLC now owns 6,124 shares of the insurance provider’s stock valued at $268,000 after acquiring an additional 1,028 shares during the period. Pitcairn Co. grew its position in shares of Athene by 7.0% during the 3rd quarter. Pitcairn Co. now owns 16,442 shares of the insurance provider’s stock valued at $850,000 after acquiring an additional 1,069 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Athene by 3.6% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 37,200 shares of the insurance provider’s stock valued at $1,631,000 after acquiring an additional 1,300 shares during the period. Comerica Bank grew its position in shares of Athene by 29.9% during the 2nd quarter. Comerica Bank now owns 6,062 shares of the insurance provider’s stock valued at $270,000 after acquiring an additional 1,395 shares during the period. Finally, Public Employees Retirement Association of Colorado grew its position in shares of Athene by 8.2% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 18,882 shares of the insurance provider’s stock valued at $828,000 after acquiring an additional 1,429 shares during the period. 67.48% of the stock is currently owned by institutional investors.

ATH stock opened at $44.21 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.26 and a current ratio of 0.26. Athene Holding Ltd has a 12-month low of $42.70 and a 12-month high of $53.92. The stock has a market capitalization of $8.83 billion, a P/E ratio of 6.98, a PEG ratio of 0.54 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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.21. Athene had a return on equity of 14.09% and a net margin of 17.65%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the firm posted $1.18 EPS. Athene’s revenue was up 30.5% compared to the same quarter last year. As a group, analysts expect that Athene Holding Ltd will post 6.24 earnings per share for the current year.

In other Athene news, insider Frank Lauren Gillis sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 25th. The shares were sold at an average price of $51.71, for a total value of $5,171,000.00. Following the transaction, the insider now directly owns 289,638 shares of the company’s stock, valued at approximately $14,977,180.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Grant Kvalheim sold 85,000 shares of the firm’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $51.06, for a total transaction of $4,340,100.00. Following the completion of the transaction, the insider now directly owns 1,587,657 shares in the company, valued at $81,065,766.42. The disclosure for this sale can be found here. Insiders sold a total of 186,000 shares of company stock worth $9,561,140 over the last three months. Corporate insiders own 8.46% of the company’s stock.

A number of equities research analysts have recently commented on ATH shares. SunTrust Banks restated a “buy” rating and set a $59.00 target price on shares of Athene in a research report on Monday, November 5th. Wells Fargo & Co set a $67.00 price objective on Athene and gave the stock a “buy” rating in a report on Wednesday, October 31st. Bank of America reiterated a “buy” rating and issued a $67.00 price objective on shares of Athene in a report on Wednesday, October 3rd. Royal Bank of Canada reiterated a “buy” rating and issued a $58.00 price objective on shares of Athene in a report on Friday, August 3rd. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $68.00 price objective on shares of Athene in a report on Friday, September 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $61.00.

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Athene Company 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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