MUFG Securities EMEA plc trimmed its holdings in shares of Athene Holding Ltd (NYSE:ATH) by 15.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 161,377 shares of the insurance provider’s stock after selling 28,774 shares during the quarter. MUFG Securities EMEA plc owned about 0.09% of Athene worth $6,949,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Toronto Dominion Bank lifted its position in shares of Athene by 1.3% in the second quarter. Toronto Dominion Bank now owns 34,239 shares of the insurance provider’s stock worth $1,474,000 after buying an additional 426 shares during the last quarter. Meadow Creek Investment Management LLC raised its stake in shares of Athene by 59.6% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 141,540 shares of the insurance provider’s stock valued at $6,095,000 after acquiring an additional 52,836 shares in the last quarter. Glen Harbor Capital Management LLC raised its stake in shares of Athene by 59.6% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 171,870 shares of the insurance provider’s stock valued at $7,401,000 after acquiring an additional 64,158 shares in the last quarter. Tyers Asset Management LLC lifted its holdings in Athene by 59.6% in the 2nd quarter. Tyers Asset Management LLC now owns 80,880 shares of the insurance provider’s stock worth $3,483,000 after purchasing an additional 30,192 shares during the last quarter. Finally, Elkfork Partners LLC lifted its holdings in Athene by 59.6% in the 2nd quarter. Elkfork Partners LLC now owns 111,210 shares of the insurance provider’s stock worth $4,789,000 after purchasing an additional 41,514 shares during the last quarter. 70.78% of the stock is currently owned by hedge funds and other institutional investors.

In other Athene news, insider Frank Lauren Gillis sold 19,500 shares of the stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $42.64, for a total value of $831,480.00. Following the completion of the sale, the insider now directly owns 177,817 shares of the company’s stock, valued at approximately $7,582,116.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert L. Borden sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $37.75, for a total transaction of $113,250.00. Following the completion of the sale, the director now owns 29,012 shares in the company, valued at $1,095,203. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,000 shares of company stock worth $1,999,650. 8.70% of the stock is currently owned by corporate insiders.

ATH traded up $0.20 during midday trading on Wednesday, reaching $41.59. The company’s stock had a trading volume of 410,120 shares, compared to its average volume of 1,009,486. The stock has a market cap of $7.74 billion, a P/E ratio of 7.15, a PEG ratio of 0.39 and a beta of 0.99. The company has a fifty day simple moving average of $39.59 and a 200 day simple moving average of $42.23. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.08. Athene Holding Ltd has a twelve month low of $36.00 and a twelve month high of $53.92.

Athene (NYSE:ATH) last issued its quarterly earnings results on Monday, August 5th. The insurance provider reported $1.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.14. Athene had a return on equity of 12.84% and a net margin of 16.27%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the business posted $1.48 EPS. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. Sell-side analysts expect that Athene Holding Ltd will post 7.03 earnings per share for the current year.

ATH has been the topic of several analyst reports. Zacks Investment Research upgraded Athene from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. BMO Capital Markets set a $68.00 price objective on shares of Athene and gave the stock a “buy” rating in a report on Wednesday, August 7th. Royal Bank of Canada reaffirmed a “hold” rating on shares of Athene in a report on Thursday, July 18th. Wells Fargo & Co lowered their target price on shares of Athene from $53.00 to $50.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 6th. Finally, Credit Suisse Group dropped their target price on shares of Athene from $67.00 to $57.00 and set an “outperform” rating on the stock in a report on Tuesday, May 21st. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $55.75.

Athene Company Profile

Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products in the United States and Bermuda. It offers fixed deferred, immediate, and payout annuities; and funding agreements and pension risk transfer products to institutional investors. The company's products are designed for individuals and institutions seeking to fund retirement needs.

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Institutional Ownership by Quarter for Athene (NYSE:ATH)

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