Commonwealth Bank of Australia increased its position in shares of Athene Holding Ltd (NYSE:ATH) by 6.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,200 shares of the insurance provider’s stock after purchasing an additional 2,600 shares during the period. Commonwealth Bank of Australia’s holdings in Athene were worth $2,177,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of ATH. State of Alaska Department of Revenue grew its stake in shares of Athene by 39.6% during the second quarter. State of Alaska Department of Revenue now owns 12,940 shares of the insurance provider’s stock worth $567,000 after purchasing an additional 3,670 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Athene by 1,542.5% during the second quarter. Bank of Montreal Can now owns 238,657 shares of the insurance provider’s stock worth $10,463,000 after purchasing an additional 224,127 shares in the last quarter. Amalgamated Bank grew its stake in shares of Athene by 40.4% during the second quarter. Amalgamated Bank now owns 17,949 shares of the insurance provider’s stock worth $787,000 after purchasing an additional 5,165 shares in the last quarter. James Investment Research Inc. acquired a new position in shares of Athene during the second quarter worth $1,841,000. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Athene by 71.5% during the second quarter. BNP Paribas Arbitrage SA now owns 95,245 shares of the insurance provider’s stock worth $4,176,000 after purchasing an additional 39,699 shares in the last quarter. Hedge funds and other institutional investors own 67.48% of the company’s stock.

In other news, insider Grant Kvalheim sold 122,418 shares of the company’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $50.28, for a total value of $6,155,177.04. Following the completion of the sale, the insider now directly owns 1,631,434 shares of the company’s stock, valued at $82,028,501.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Frank Lauren Gillis sold 100,000 shares of the company’s stock in a transaction dated Tuesday, September 25th. The shares were sold at an average price of $51.71, for a total transaction of $5,171,000.00. Following the completion of the sale, the insider now directly owns 289,638 shares of the company’s stock, valued at $14,977,180.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 310,923 shares of company stock valued at $15,841,592. 8.46% of the stock is owned by corporate insiders.

Shares of ATH opened at $43.43 on Wednesday. Athene Holding Ltd has a 1-year low of $42.70 and a 1-year high of $53.92. The firm has a market capitalization of $8.73 billion, a P/E ratio of 6.90, a P/E/G ratio of 0.53 and a beta of 0.81. The company has a debt-to-equity ratio of 0.11, a current ratio of 264.96 and a quick ratio of 264.96.

Athene (NYSE:ATH) last announced its quarterly earnings results on Wednesday, October 31st. The insurance provider reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.21. Athene had a net margin of 17.65% and a return on equity of 18.93%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the company earned $1.18 earnings per share. Athene’s quarterly revenue was up 30.5% compared to the same quarter last year. As a group, sell-side analysts predict that Athene Holding Ltd will post 6.24 earnings per share for the current fiscal year.

A number of equities analysts recently commented on ATH shares. SunTrust Banks reiterated a “buy” rating and set a $59.00 target price on shares of Athene in a research note on Monday, November 5th. Wells Fargo & Co set a $67.00 target price on shares of Athene and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Bank of America reiterated a “buy” rating and set a $67.00 target price on shares of Athene in a research note on Wednesday, October 3rd. Royal Bank of Canada reissued a “buy” rating and issued a $58.00 price target on shares of Athene in a research report on Friday, August 3rd. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $68.00 price target on shares of Athene in a research report on Friday, September 21st. One research 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 presently has an average rating of “Buy” and a consensus target price of $61.00.

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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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