Insider Selling: Athene Holding Ltd (NYSE:ATH) Insider Sells 85,000 Shares of Stock

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Athene Holding Ltd (NYSE:ATH) insider Grant Kvalheim sold 85,000 shares of the business’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $51.06, for a total value of $4,340,100.00. Following the sale, the insider now owns 1,587,657 shares in the company, valued at $81,065,766.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Grant Kvalheim also recently made the following trade(s):

  • On Monday, August 27th, Grant Kvalheim sold 122,418 shares of Athene stock. The stock was sold at an average price of $50.28, for a total value of $6,155,177.04.
  • On Thursday, August 23rd, Grant Kvalheim sold 2,505 shares of Athene stock. The stock was sold at an average price of $50.01, for a total value of $125,275.05.
  • On Monday, August 20th, Grant Kvalheim sold 23,926 shares of Athene stock. The stock was sold at an average price of $50.04, for a total value of $1,197,257.04.
  • On Friday, August 17th, Grant Kvalheim sold 81,982 shares of Athene stock. The stock was sold at an average price of $50.02, for a total value of $4,100,739.64.
  • On Friday, August 10th, Grant Kvalheim sold 4,068 shares of Athene stock. The stock was sold at an average price of $50.00, for a total value of $203,400.00.
  • On Tuesday, August 7th, Grant Kvalheim sold 38,985 shares of Athene stock. The stock was sold at an average price of $50.01, for a total value of $1,949,639.85.

NYSE:ATH traded up $0.17 on Friday, hitting $48.56. 623,798 shares of the stock were exchanged, compared to its average volume of 1,310,872. Athene Holding Ltd has a fifty-two week low of $43.09 and a fifty-two week high of $55.04. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.13 and a quick ratio of 0.13. The firm has a market capitalization of $10.32 billion, a PE ratio of 8.58, a P/E/G ratio of 0.58 and a beta of 0.33.

Athene (NYSE:ATH) last issued its earnings results on Thursday, August 2nd. The insurance provider reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.21. Athene had a return on equity of 12.54% and a net margin of 15.58%. The company had revenue of $958.00 million during the quarter, compared to the consensus estimate of $949.85 million. During the same quarter in the prior year, the business earned $1.43 earnings per share. The company’s revenue was up 16.7% compared to the same quarter last year. As a group, research analysts anticipate that Athene Holding Ltd will post 5.89 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Andra AP fonden boosted its holdings in Athene by 21.2% in the second quarter. Andra AP fonden now owns 224,800 shares of the insurance provider’s stock valued at $9,855,000 after purchasing an additional 39,300 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its holdings in Athene by 50.0% in the second quarter. Nissay Asset Management Corp Japan ADV now owns 12,950 shares of the insurance provider’s stock valued at $568,000 after purchasing an additional 4,318 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Athene by 3.6% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 37,200 shares of the insurance provider’s stock valued at $1,631,000 after purchasing an additional 1,300 shares during the last quarter. Bank of Montreal Can boosted its holdings in Athene by 1,542.5% in the second quarter. Bank of Montreal Can now owns 238,657 shares of the insurance provider’s stock valued at $10,463,000 after purchasing an additional 224,127 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. boosted its holdings in Athene by 3.5% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 1,904,293 shares of the insurance provider’s stock valued at $91,044,000 after purchasing an additional 63,673 shares during the last quarter. 67.76% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on ATH shares. Citigroup reissued a “hold” rating on shares of Athene in a report on Wednesday, July 11th. Barclays dropped their target price on Athene from $51.00 to $47.00 and set an “equal weight” rating for the company in a research note on Monday, July 9th. Wells Fargo & Co reiterated a “buy” rating and issued a $65.00 target price on shares of Athene in a research note on Friday, August 3rd. Morgan Stanley upped their target price on Athene from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Friday, September 21st. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $58.00 target price on shares of Athene in a research note on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. Athene currently has a consensus rating of “Buy” and a consensus target price of $61.31.

About Athene

Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products in the United States, the District of Columbia, and Germany. It offers fixed deferred, immediate, and payout annuities; and funding agreements and pension risk transfer products to institutional investors.

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Insider Buying and Selling by Quarter for Athene (NYSE:ATH)

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