Quantitative Systematic Strategies LLC raised its stake in shares of Athene Holding Ltd (NYSE:ATH) by 6.3% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 57,441 shares of the insurance provider’s stock after purchasing an additional 3,398 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Athene were worth $2,473,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in Athene by 18.1% during the 1st quarter. BlackRock Inc. now owns 10,629,381 shares of the insurance provider’s stock valued at $433,680,000 after purchasing an additional 1,632,703 shares during the last quarter. GMT Capital Corp boosted its stake in Athene by 1.2% during the 1st quarter. GMT Capital Corp now owns 2,175,090 shares of the insurance provider’s stock valued at $88,744,000 after purchasing an additional 26,200 shares during the last quarter. Norges Bank acquired a new position in Athene during the 4th quarter valued at about $83,584,000. Geode Capital Management LLC boosted its stake in Athene by 9.2% during the 4th quarter. Geode Capital Management LLC now owns 1,293,529 shares of the insurance provider’s stock valued at $51,483,000 after purchasing an additional 108,654 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in Athene by 418.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,162,628 shares of the insurance provider’s stock valued at $47,435,000 after purchasing an additional 938,304 shares during the last quarter. Institutional investors and hedge funds own 71.70% of the company’s stock.
In other news, CEO James Richard Belardi acquired 80,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were acquired at an average price of $25.00 per share, for a total transaction of $2,000,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Frank Lauren Gillis sold 19,500 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $44.98, for a total value of $877,110.00. Following the completion of the transaction, the insider now owns 197,817 shares in the company, valued at approximately $8,897,808.66. The disclosure for this sale can be found here. In the last quarter, insiders purchased 130,000 shares of company stock worth $3,250,000. 8.70% of the stock is owned by company insiders.
Athene (NYSE:ATH) last announced its earnings results on Monday, August 5th. The insurance provider reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.14. Athene had a return on equity of 13.32% and a net margin of 14.36%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the business earned $1.48 EPS. The company’s revenue was up 21.2% compared to the same quarter last year. On average, equities analysts anticipate that Athene Holding Ltd will post 6.97 EPS for the current fiscal year.
ATH has been the subject of a number of analyst reports. Wells Fargo & Co reiterated a “buy” rating and set a $53.00 price target on shares of Athene in a research note on Monday. Zacks Investment Research upgraded Athene from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. Bank of America restated a “buy” rating and issued a $49.00 target price on shares of Athene in a research note on Monday. Royal Bank of Canada restated a “hold” rating on shares of Athene in a research note on Thursday, July 18th. Finally, Credit Suisse Group cut their target price on Athene from $67.00 to $57.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 21st. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Athene has a consensus rating of “Buy” and a consensus target price of $53.27.
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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