CI Global Investments Inc. lowered its position in shares of Athene Holding Ltd (NYSE:ATH) by 20.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,855,443 shares of the insurance provider’s stock after selling 1,990,805 shares during the period. Athene makes up about 6.2% of CI Global Investments Inc.’s investment portfolio, making the stock its 5th largest position. CI Global Investments Inc. owned approximately 3.93% of Athene worth $405,812,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Summit Trail Advisors LLC raised its stake in shares of Athene by 20.2% during the second quarter. Summit Trail Advisors LLC now owns 6,124 shares of the insurance provider’s stock valued at $268,000 after purchasing an additional 1,028 shares during the period. Pitcairn Co. raised its stake in shares of Athene by 7.0% during the third quarter. Pitcairn Co. now owns 16,442 shares of the insurance provider’s stock valued at $850,000 after purchasing an additional 1,069 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Athene by 3.6% during the second 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 purchasing an additional 1,300 shares during the period. Comerica Bank raised its stake in shares of Athene by 29.9% during the second quarter. Comerica Bank now owns 6,062 shares of the insurance provider’s stock valued at $270,000 after purchasing an additional 1,395 shares during the period. Finally, Public Employees Retirement Association of Colorado raised its stake in shares of Athene by 8.2% during the second quarter. Public Employees Retirement Association of Colorado now owns 18,882 shares of the insurance provider’s stock valued at $828,000 after purchasing an additional 1,429 shares during the period. Institutional investors own 67.48% of the company’s stock.

ATH has been the topic of a number of analyst reports. Bank of America reiterated a “buy” rating and set a $67.00 price objective on shares of Athene in a research note on Wednesday, October 3rd. Wells Fargo & Co set a $67.00 price target on shares of Athene and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Royal Bank of Canada restated a “buy” rating and issued a $58.00 price target on shares of Athene in a research note on Friday, August 3rd. Morgan Stanley lifted their price target on shares of Athene from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Friday, September 21st. Finally, SunTrust Banks restated a “buy” rating and issued a $59.00 price target on shares of Athene in a research note on Monday, November 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $61.00.

Shares of NYSE:ATH opened at $44.42 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 264.96 and a quick ratio of 264.96. The firm has a market capitalization of $8.68 billion, a P/E ratio of 6.86, a P/E/G ratio of 0.53 and a beta of 0.81. Athene Holding Ltd has a 12-month low of $42.70 and a 12-month high of $53.92.

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

In other Athene news, insider Grant Kvalheim sold 85,000 shares of Athene stock in a transaction on Monday, September 17th. The shares were sold at an average price of $51.06, for a total value of $4,340,100.00. Following the completion of the transaction, the insider now owns 1,587,657 shares of the company’s stock, valued at $81,065,766.42. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Frank Lauren Gillis sold 100,000 shares of Athene stock in a transaction on Tuesday, September 25th. The stock was sold at an average price of $51.71, for a total transaction of $5,171,000.00. Following the completion of the transaction, the insider now directly owns 289,638 shares of the company’s stock, valued at approximately $14,977,180.98. The disclosure for this sale can be found here. In the last 90 days, insiders sold 308,418 shares of company stock valued at $15,716,317. Insiders own 8.46% of the company’s stock.

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About Athene

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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