Athene Holding Ltd (ATH) Stake Lifted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its position in shares of Athene Holding Ltd (NYSE:ATH) by 116.2% during the first quarter, HoldingsChannel.com reports. The fund owned 74,333 shares of the insurance provider’s stock after acquiring an additional 39,954 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Athene were worth $3,032,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. State of Alaska Department of Revenue increased its stake in shares of Athene by 1.6% during the first quarter. State of Alaska Department of Revenue now owns 17,133 shares of the insurance provider’s stock worth $699,000 after acquiring an additional 263 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Athene by 7.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 5,549 shares of the insurance provider’s stock worth $221,000 after acquiring an additional 400 shares during the period. Quadrant Capital Group LLC acquired a new position in shares of Athene during the first quarter worth about $27,000. LaSalle Street Capital Management LLC increased its stake in shares of Athene by 3.0% during the fourth quarter. LaSalle Street Capital Management LLC now owns 23,926 shares of the insurance provider’s stock worth $953,000 after acquiring an additional 701 shares during the period. Finally, Nissay Asset Management Corp Japan ADV increased its stake in shares of Athene by 5.5% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 14,103 shares of the insurance provider’s stock worth $562,000 after acquiring an additional 730 shares during the period. Institutional investors and hedge funds own 69.09% of the company’s stock.

Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Athene from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Wells Fargo & Co restated a “buy” rating and set a $53.00 target price on shares of Athene in a research report on Tuesday, February 26th. Finally, BMO Capital Markets upgraded shares of Athene from a “market perform” rating to an “outperform” rating and set a $44.17 target price on the stock in a research report on Wednesday, February 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $55.35.

In other Athene news, insider Frank Lauren Gillis sold 19,500 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $41.88, for a total transaction of $816,660.00. Following the transaction, the insider now directly owns 207,213 shares in the company, valued at $8,678,080.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 78,000 shares of company stock worth $3,393,975 over the last 90 days. 8.46% of the stock is currently owned by company insiders.

Shares of ATH opened at $42.63 on Friday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.10. Athene Holding Ltd has a twelve month low of $37.20 and a twelve month high of $53.92. The stock has a market cap of $8.36 billion, a price-to-earnings ratio of 7.32, a P/E/G ratio of 0.39 and a beta of 0.92.

Athene (NYSE:ATH) last issued its earnings results on Tuesday, May 7th. The insurance provider reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.20). Athene had a return on equity of 13.32% and a net margin of 14.36%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the company posted $1.21 earnings per share. The company’s quarterly revenue was up 24.7% compared to the same quarter last year. Equities analysts anticipate that Athene Holding Ltd will post 7.13 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 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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