Insider Selling: Athene Holding Ltd (NYSE:ATH) Director Sells $313,920.00 in Stock

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Athene Holding Ltd (NYSE:ATH) Director Lawrence Ruisi sold 8,000 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $39.24, for a total transaction of $313,920.00. Following the sale, the director now owns 56,970 shares in the company, valued at $2,235,502.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

NYSE:ATH opened at $37.73 on Friday. The company has a market capitalization of $7.35 billion, a PE ratio of 5.91, a price-to-earnings-growth ratio of 0.36 and a beta of 0.98. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.08. Athene Holding Ltd has a 52-week low of $36.00 and a 52-week high of $53.92. The stock has a fifty day simple moving average of $41.67 and a 200-day simple moving average of $42.83.

Athene (NYSE:ATH) last released its quarterly earnings results on Monday, August 5th. The insurance provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.14. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.28 billion. Athene had a return on equity of 12.84% and a net margin of 16.27%. The business’s revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.48 EPS. As a group, equities analysts anticipate that Athene Holding Ltd will post 7.01 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in ATH. Millennium Management LLC raised its position in Athene by 80.9% in the fourth quarter. Millennium Management LLC now owns 111,926 shares of the insurance provider’s stock worth $4,458,000 after acquiring an additional 50,038 shares during the period. FMR LLC bought a new position in Athene in the fourth quarter worth approximately $1,716,000. Geode Capital Management LLC raised its position in Athene by 9.2% in the fourth quarter. Geode Capital Management LLC now owns 1,293,529 shares of the insurance provider’s stock worth $51,483,000 after acquiring an additional 108,654 shares during the period. State of Alaska Department of Revenue raised its position in Athene by 1.6% in the first quarter. State of Alaska Department of Revenue now owns 17,133 shares of the insurance provider’s stock worth $699,000 after acquiring an additional 263 shares during the period. Finally, DNB Asset Management AS raised its position in Athene by 61.9% in the first quarter. DNB Asset Management AS now owns 71,214 shares of the insurance provider’s stock worth $2,906,000 after acquiring an additional 27,221 shares during the period. 71.52% of the stock is owned by institutional investors and hedge funds.

Several brokerages have commented on ATH. BMO Capital Markets set a $68.00 target price on shares of Athene and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Morgan Stanley decreased their target price on shares of Athene from $58.00 to $56.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. Wells Fargo & Co decreased their target price on shares of Athene from $53.00 to $50.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 6th. Credit Suisse Group decreased their target price on shares of Athene from $67.00 to $57.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 21st. Finally, Royal Bank of Canada restated a “hold” rating on shares of Athene in a research report on Thursday, July 18th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $55.88.

Athene Company Profile

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

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