Athene Holding Ltd (NYSE:ATH) CEO Purchases $2,000,000.00 in Stock

Athene Holding Ltd (NYSE:ATH) CEO James Richard Belardi acquired 80,000 shares of the company’s stock in a transaction on Monday, June 10th. The shares were bought at an average cost of $25.00 per share, with a total value of $2,000,000.00. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of NYSE:ATH opened at $43.02 on Tuesday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.10. Athene Holding Ltd has a 12 month low of $37.20 and a 12 month high of $53.92. The stock has a market capitalization of $8.44 billion, a P/E ratio of 7.39, a price-to-earnings-growth ratio of 0.38 and a beta of 0.97.

Athene (NYSE:ATH) last announced its quarterly earnings results on Tuesday, May 7th. The insurance provider reported $1.50 EPS for the quarter, missing the Zacks’ consensus estimate of $1.70 by ($0.20). Athene had a net margin of 14.36% and a return on equity of 13.32%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the business posted $1.21 EPS. The firm’s revenue was up 24.7% on a year-over-year basis. On average, sell-side analysts forecast that Athene Holding Ltd will post 7.13 earnings per share for the current year.

Large investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC purchased a new stake in Athene in the 1st quarter worth about $27,000. Oregon Public Employees Retirement Fund raised its position in Athene by 4,963.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,184,106 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 1,160,720 shares during the period. First Mercantile Trust Co. raised its position in Athene by 147.1% in the 4th quarter. First Mercantile Trust Co. now owns 1,260 shares of the insurance provider’s stock worth $50,000 after purchasing an additional 750 shares during the period. Truvestments Capital LLC purchased a new stake in Athene in the 1st quarter worth about $51,000. Finally, Advisors Asset Management Inc. purchased a new stake in Athene in the 4th quarter worth about $55,000. 71.91% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have commented on ATH shares. Wells Fargo & Co reissued a “buy” rating and set a $53.00 price objective on shares of Athene in a report on Tuesday, February 26th. Zacks Investment Research downgraded shares of Athene from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Credit Suisse Group dropped their price objective on shares of Athene from $67.00 to $57.00 and set an “outperform” rating for the company in a report on Tuesday, May 21st. Finally, BMO Capital Markets raised shares of Athene from a “market perform” rating to an “outperform” rating and set a $44.17 price objective for the company in a report on Wednesday, February 27th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $55.52.

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About Athene

Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products in the United States and Bermuda. It offers fixed deferred, immediate, and payout annuities; and funding agreements and pension risk transfer products to institutional investors. The company's products are designed for individuals and institutions seeking to fund retirement needs.

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