Caisse DE Depot ET Placement DU Quebec decreased its position in shares of Athene Holding Ltd (NYSE:ATH) by 48.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 6,940 shares of the insurance provider’s stock after selling 6,560 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Athene were worth $359,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in ATH. Aperio Group LLC lifted its stake in shares of Athene by 52.7% during the third quarter. Aperio Group LLC now owns 6,427 shares of the insurance provider’s stock valued at $346,000 after buying an additional 2,219 shares during the period. State Board of Administration of Florida Retirement System purchased a new position in shares of Athene during the third quarter valued at approximately $376,000. State of Wisconsin Investment Board lifted its stake in shares of Athene by 25.1% during the third quarter. State of Wisconsin Investment Board now owns 97,270 shares of the insurance provider’s stock valued at $5,237,000 after buying an additional 19,530 shares during the period. Prudential Financial Inc. lifted its stake in shares of Athene by 1.7% during the third quarter. Prudential Financial Inc. now owns 73,020 shares of the insurance provider’s stock valued at $3,931,000 after buying an additional 1,250 shares during the period. Finally, Alps Advisors Inc. purchased a new position in shares of Athene during the third quarter valued at approximately $478,000. 50.50% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Grant Kvalheim sold 85,000 shares of the stock in a transaction on Friday, March 16th. The shares were sold at an average price of $50.05, for a total value of $4,254,250.00. Following the completion of the sale, the insider now owns 1,554,013 shares of the company’s stock, valued at $77,778,350.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Manfred Puffer sold 40,000 shares of the stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $50.44, for a total transaction of $2,017,600.00. Following the completion of the sale, the director now directly owns 15,728 shares of the company’s stock, valued at approximately $793,320.32. The disclosure for this sale can be found here. Insiders sold 135,000 shares of company stock valued at $6,801,050 in the last three months. Company insiders own 10.60% of the company’s stock.
Several equities analysts recently issued reports on ATH shares. Scotiabank reissued a “hold” rating on shares of Athene in a research note on Monday, December 4th. Zacks Investment Research downgraded shares of Athene from a “buy” rating to a “hold” rating in a research note on Friday, March 9th. UBS raised shares of Athene from a “neutral” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Friday, March 2nd. Citigroup dropped their price target on shares of Athene from $58.00 to $54.00 and set a “neutral” rating for the company in a research report on Monday, February 26th. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Athene in a research report on Thursday, December 7th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Athene presently has an average rating of “Buy” and an average price target of $61.92.
Athene stock opened at $49.99 on Monday. Athene Holding Ltd has a 52-week low of $45.15 and a 52-week high of $55.22. The company has a market cap of $9,992.90, a P/E ratio of 6.81, a P/E/G ratio of 0.64 and a beta of 0.37.
Athene (NYSE:ATH) last issued its quarterly earnings results on Wednesday, February 21st. The insurance provider reported $1.69 EPS for the quarter, topping the consensus estimate of $1.23 by $0.46. Athene had a net margin of 16.47% and a return on equity of 12.97%. The firm had revenue of $861.00 million during the quarter, compared to analyst estimates of $884.38 million. During the same quarter in the prior year, the business posted $1.80 earnings per share. research analysts predict that Athene Holding Ltd will post 5.22 earnings per share for the current fiscal year.
Athene Holding Ltd. is an insurance holding company. The Company’s segments include Retirement Services, Corporate and Other. Retirement Services segment consists of the United States and Bermuda operations, which issue and reinsure retirement savings products and institutional products. Retirement Services has retail operations, which provide annuity retirement solutions to its policyholders.
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