Caisse DE Depot ET Placement DU Quebec Buys 1,300 Shares of Athene Holding Ltd (NYSE:ATH)

Caisse DE Depot ET Placement DU Quebec boosted its holdings in Athene Holding Ltd (NYSE:ATH) by 3.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,200 shares of the insurance provider’s stock after purchasing an additional 1,300 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Athene were worth $1,631,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. BlueMountain Capital Management LLC raised its holdings in Athene by 109.0% during the 2nd quarter. BlueMountain Capital Management LLC now owns 111,431 shares of the insurance provider’s stock valued at $4,885,000 after buying an additional 58,112 shares during the period. Commonwealth Bank of Australia raised its holdings in Athene by 19,700.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 39,600 shares of the insurance provider’s stock valued at $1,731,000 after buying an additional 39,400 shares during the period. United Services Automobile Association raised its holdings in Athene by 272.1% during the 2nd quarter. United Services Automobile Association now owns 85,223 shares of the insurance provider’s stock valued at $3,736,000 after buying an additional 62,320 shares during the period. Summit Trail Advisors LLC raised its holdings in Athene by 20.2% during the 2nd quarter. Summit Trail Advisors LLC now owns 6,124 shares of the insurance provider’s stock valued at $268,000 after buying an additional 1,028 shares during the period. Finally, Federated Investors Inc. PA increased its stake in Athene by 2.8% in the second quarter. Federated Investors Inc. PA now owns 149,662 shares of the insurance provider’s stock worth $6,561,000 after purchasing an additional 4,044 shares during the period. Institutional investors and hedge funds own 67.76% of the company’s stock.

Shares of Athene stock traded up $0.05 during trading on Monday, hitting $52.01. 723,700 shares of the stock traded hands, compared to its average volume of 1,319,508. Athene Holding Ltd has a 52-week low of $43.09 and a 52-week high of $55.22. The firm has a market cap of $10.32 billion, a P/E ratio of 9.19, a P/E/G ratio of 0.58 and a beta of 0.33. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.12.

Athene (NYSE:ATH) last issued its quarterly earnings data on Thursday, August 2nd. The insurance provider reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $949.85 million. During the same quarter last year, the company earned $1.43 earnings per share. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. Analysts forecast that Athene Holding Ltd will post 5.89 earnings per share for the current year.

A number of analysts have weighed in on the company. Bank of America reiterated a “buy” rating and issued a $67.00 target price on shares of Athene in a research note on Wednesday, October 3rd. Morgan Stanley increased their target price on Athene from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Friday, September 21st. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $68.00 target price on shares of Athene in a research note on Friday, September 21st. 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. Finally, Wells Fargo & Co restated a “buy” rating and set a $65.00 price target 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 assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $61.31.

In other Athene news, insider Grant Kvalheim sold 2,505 shares of the firm’s stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $50.01, for a total value of $125,275.05. Following the completion of the sale, the insider now owns 1,631,434 shares of the company’s stock, valued at $81,588,014.34. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Frank Lauren Gillis sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, September 25th. The stock was sold at an average price of $51.71, for a total value of $5,171,000.00. Following the completion of the sale, the insider now directly owns 289,638 shares of the company’s stock, valued at approximately $14,977,180.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 468,884 shares of company stock worth $23,741,589. 8.46% of the stock is owned by corporate insiders.

Athene Company Profile

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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Institutional Ownership by Quarter for Athene (NYSE:ATH)

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