Artemis Investment Management LLP acquired a new position in Athene Holding Ltd (NYSE:ATH) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 248,528 shares of the insurance provider’s stock, valued at approximately $12,828,000. Artemis Investment Management LLP owned 0.12% of Athene at the end of the most recent reporting period.

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

In other news, insider Grant Kvalheim sold 85,000 shares of the business’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $51.06, for a total value of $4,340,100.00. Following the transaction, the insider now directly owns 1,587,657 shares in the company, valued at $81,065,766.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Frank Lauren Gillis sold 100,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now owns 289,638 shares in the company, valued at $14,977,180.98. The disclosure for this sale can be found here. Insiders sold 308,418 shares of company stock worth $15,716,317 over the last 90 days. Company insiders own 8.46% of the company’s stock.

ATH has been the topic of several analyst reports. Morgan Stanley lowered their target price on Athene from $64.00 to $62.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 13th. Wells Fargo & Co reiterated a “buy” rating and set a $65.00 target price on shares of Athene in a research report on Friday, August 3rd. SunTrust Banks reiterated 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 reiterated 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 reiterated a “buy” rating and set a $67.00 target price on shares of Athene in a research report on Wednesday, October 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $61.00.

NYSE ATH opened at $44.42 on Thursday. The firm has a market cap of $8.73 billion, a P/E ratio of 7.85, a P/E/G ratio of 0.53 and a beta of 0.81. The company has a current ratio of 264.96, a quick ratio of 264.96 and a debt-to-equity ratio of 0.11. Athene Holding Ltd has a fifty-two week low of $42.70 and a fifty-two week high of $53.92.

Athene (NYSE:ATH) last released its earnings results on Wednesday, October 31st. The insurance provider reported $1.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.21. Athene had a return on equity of 18.93% and a net margin of 17.65%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the business earned $1.18 earnings per share. Athene’s quarterly revenue was up 30.5% compared to the same quarter last year. On average, equities research analysts anticipate that Athene Holding Ltd will post 6.24 EPS for the current year.

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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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