Riverhead Capital Management LLC grew its stake in Athene Holding Ltd (NYSE:ATH) by 64.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 62,200 shares of the insurance provider’s stock after buying an additional 24,300 shares during the period. Riverhead Capital Management LLC’s holdings in Athene were worth $3,213,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Summit Trail Advisors LLC increased its stake in shares of Athene by 20.2% in the second quarter. Summit Trail Advisors LLC now owns 6,124 shares of the insurance provider’s stock valued at $268,000 after buying an additional 1,028 shares during the period. Pitcairn Co. increased its stake in shares of Athene by 7.0% in the third quarter. Pitcairn Co. now owns 16,442 shares of the insurance provider’s stock valued at $850,000 after buying an additional 1,069 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Athene by 3.6% in 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 buying an additional 1,300 shares during the period. Comerica Bank increased its stake in shares of Athene by 29.9% in the second quarter. Comerica Bank now owns 6,062 shares of the insurance provider’s stock valued at $270,000 after buying an additional 1,395 shares during the period. Finally, Public Employees Retirement Association of Colorado increased its stake in shares of Athene by 8.2% in 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 buying an additional 1,429 shares during the period. 70.48% of the stock is owned by institutional investors.

NYSE ATH opened at $39.92 on Friday. Athene Holding Ltd has a one year low of $39.59 and a one year high of $53.92. The company has a market cap of $8.17 billion, a P/E ratio of 7.05, a price-to-earnings-growth ratio of 0.50 and a beta of 0.78. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.11.

Athene (NYSE:ATH) last released its earnings results on Wednesday, October 31st. The insurance provider reported $1.95 EPS for the quarter, topping the consensus estimate of $1.74 by $0.21. Athene had a return on equity of 14.09% and a net margin of 17.65%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the firm posted $1.18 earnings per share. The firm’s revenue was up 30.5% on a year-over-year basis. As a group, research analysts predict that Athene Holding Ltd will post 6.24 EPS for the current fiscal year.

In other Athene news, insider Grant Kvalheim sold 85,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 1,587,657 shares of the company’s stock, valued at $81,065,766.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Frank Lauren Gillis sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 11th. The shares were sold at an average price of $50.04, for a total value of $50,040.00. Following the completion of the sale, the insider now directly owns 218,638 shares of the company’s stock, valued at approximately $10,940,645.52. The disclosure for this sale can be found here. Insiders sold 186,000 shares of company stock valued at $9,561,140 in the last three months. Insiders own 8.46% of the company’s stock.

ATH has been the subject of several recent analyst reports. Morgan Stanley decreased their target price on Athene from $64.00 to $62.00 and set an “overweight” rating for the company in a research note on Tuesday, November 13th. Wells Fargo & Co set a $67.00 target price on Athene and gave the stock a “buy” rating in a research note on Wednesday, October 31st. SunTrust Banks reaffirmed a “buy” rating and set a $59.00 target price on shares of Athene in a research note on Monday, November 5th. Bank of America reaffirmed a “buy” rating and set a $67.00 target price on shares of Athene in a research note on Wednesday, October 3rd. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $68.00 target price on shares of Athene in a research note on Friday, September 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average 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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Want to see what other hedge funds are holding ATH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Athene Holding Ltd (NYSE:ATH).

Institutional Ownership by Quarter for Athene (NYSE:ATH)

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