Achmea Investment Management B.V. Invests $546,000 in Athene Holding Ltd (ATH) Stock
Achmea Investment Management B.V. bought a new stake in shares of Athene Holding Ltd (NYSE:ATH) in the third quarter, HoldingsChannel reports. The institutional investor bought 10,587 shares of the insurance provider’s stock, valued at approximately $546,000.
A number of other hedge funds have also made changes to their positions in the business. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Athene during the third quarter worth $20,660,000. S&CO Inc. boosted its position in shares of Athene by 8.2% during the third quarter. S&CO Inc. now owns 27,345 shares of the insurance provider’s stock worth $1,413,000 after acquiring an additional 2,070 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Athene during the third quarter worth $1,244,000. WINTON GROUP Ltd bought a new position in shares of Athene during the third quarter worth $213,000. Finally, Cadence Capital Management LLC bought a new position in shares of Athene during the third quarter worth $266,000. 67.72% of the stock is owned by institutional investors and hedge funds.
In other Athene news, insider Frank Lauren Gillis sold 1,000 shares of the stock in a transaction on Thursday, October 11th. The shares were sold at an average price of $50.04, for a total transaction of $50,040.00. Following the completion of the transaction, the insider now owns 218,638 shares in the company, valued at $10,940,645.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Grant Kvalheim sold 2,505 shares of the stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $50.01, for a total transaction of $125,275.05. Following the transaction, the insider now owns 1,631,434 shares of the company’s stock, valued at approximately $81,588,014.34. The disclosure for this sale can be found here. Insiders have sold 334,849 shares of company stock valued at $17,038,849 in the last quarter. 8.46% of the stock is owned by company insiders.
Athene (NYSE:ATH) last released its quarterly earnings data on Wednesday, October 31st. The insurance provider reported $1.95 EPS for the quarter, beating 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 analyst estimates of $1.15 billion. During the same quarter last year, the business earned $1.18 earnings per share. Athene’s quarterly revenue was up 30.5% compared to the same quarter last year. Research analysts anticipate that Athene Holding Ltd will post 6.24 EPS for the current fiscal year.
ATH has been the subject of a number of research reports. Wells Fargo & Co restated a “buy” rating and set a $65.00 target price on shares of Athene in a research report on Friday, August 3rd. Morgan Stanley dropped their target price on shares of Athene from $64.00 to $62.00 and set an “overweight” rating for the company in a research report on Tuesday. 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. Royal Bank of Canada restated a “buy” rating and set a $58.00 target price on shares of Athene in a research report on Friday, August 3rd. Finally, Bank of America restated a “buy” rating and set a $67.00 target price on shares of Athene in a research report on Wednesday, October 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $61.00.
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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