World Asset Management Inc purchased a new stake in Athene Holding Ltd (NYSE:ATH) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,040 shares of the insurance provider’s stock, valued at approximately $217,000.
A number of other institutional investors have also made changes to their positions in ATH. BlackRock Inc. lifted its stake in Athene by 18.1% in the 1st quarter. BlackRock Inc. now owns 10,629,381 shares of the insurance provider’s stock worth $433,680,000 after acquiring an additional 1,632,703 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in Athene by 418.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,162,628 shares of the insurance provider’s stock worth $47,435,000 after acquiring an additional 938,304 shares in the last quarter. Selz Capital LLC lifted its stake in Athene by 76.1% in the 1st quarter. Selz Capital LLC now owns 660,563 shares of the insurance provider’s stock worth $26,950,000 after acquiring an additional 285,400 shares in the last quarter. Andra AP fonden purchased a new stake in Athene in the 1st quarter worth about $9,400,000. Finally, Acadian Asset Management LLC lifted its stake in Athene by 413.4% in the 1st quarter. Acadian Asset Management LLC now owns 269,727 shares of the insurance provider’s stock worth $11,006,000 after acquiring an additional 217,187 shares in the last quarter. 71.70% of the stock is owned by hedge funds and other institutional investors.
Shares of ATH traded up $0.23 during midday trading on Tuesday, reaching $39.16. 1,060,896 shares of the stock were exchanged, compared to its average volume of 1,097,508. Athene Holding Ltd has a 12-month low of $36.00 and a 12-month high of $53.92. The business has a 50 day simple moving average of $42.39. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a market cap of $7.74 billion, a P/E ratio of 6.73, a price-to-earnings-growth ratio of 0.35 and a beta of 0.98.
Several equities research analysts recently issued reports on the company. Zacks Investment Research raised Athene from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. Royal Bank of Canada reissued a “hold” rating on shares of Athene in a research note on Thursday, July 18th. Credit Suisse Group reduced their price objective on Athene from $67.00 to $57.00 and set an “outperform” rating for the company in a research note on Tuesday, May 21st. Bank of America reissued a “buy” rating and issued a $49.00 price objective on shares of Athene in a research note on Monday. Finally, Wells Fargo & Co cut their price target on Athene from $53.00 to $50.00 and set an “outperform” rating for the company in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $52.90.
In related news, CEO James Richard Belardi acquired 80,000 shares of the stock in a transaction dated Monday, June 10th. The shares were acquired at an average price of $25.00 per share, with a total value of $2,000,000.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Marc A. Beilinson acquired 10,000 shares of the stock in a transaction dated Monday, June 10th. The shares were bought at an average cost of $25.00 per share, for a total transaction of $250,000.00. Following the acquisition, the director now owns 187,817 shares in the company, valued at approximately $4,695,425. The disclosure for this purchase can be found here. Insiders have bought a total of 130,000 shares of company stock valued at $3,250,000 over the last ninety days. Company insiders own 8.70% of the company’s stock.
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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