Millennium Management LLC raised its stake in shares of Athene Holding Ltd (NYSE:ATH) by 80.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 111,926 shares of the insurance provider’s stock after buying an additional 50,038 shares during the period. Millennium Management LLC’s holdings in Athene were worth $4,458,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of Athene by 3.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,360,091 shares of the insurance provider’s stock valued at $70,263,000 after purchasing an additional 42,524 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Athene by 17.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,156,290 shares of the insurance provider’s stock valued at $59,724,000 after purchasing an additional 173,957 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Athene during the 3rd quarter valued at $362,000. Renaissance Technologies LLC increased its position in shares of Athene by 16.4% during the 3rd quarter. Renaissance Technologies LLC now owns 443,000 shares of the insurance provider’s stock valued at $22,885,000 after purchasing an additional 62,400 shares during the last quarter. Finally, Deutsche Bank AG increased its position in shares of Athene by 5.8% during the 3rd quarter. Deutsche Bank AG now owns 323,521 shares of the insurance provider’s stock valued at $16,708,000 after purchasing an additional 17,694 shares during the last quarter. Institutional investors and hedge funds own 72.57% of the company’s stock.
ATH stock opened at $43.73 on Wednesday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.12. The firm has a market cap of $8.45 billion, a PE ratio of 7.34, a PEG ratio of 0.38 and a beta of 0.84. Athene Holding Ltd has a fifty-two week low of $37.20 and a fifty-two week high of $53.92.
Athene (NYSE:ATH) last posted its quarterly earnings results on Monday, February 25th. The insurance provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.01. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.17 billion. Athene had a return on equity of 13.41% and a net margin of 16.31%. On average, equities analysts forecast that Athene Holding Ltd will post 7.34 EPS for the current year.
ATH has been the subject of several research analyst reports. BMO Capital Markets raised Athene from a “market perform” rating to an “outperform” rating and set a $44.17 target price for the company in a research report on Wednesday, February 27th. Zacks Investment Research lowered Athene from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 1st. TD Securities reaffirmed a “buy” rating on shares of Athene in a research report on Monday, January 7th. Wells Fargo & Co reaffirmed a “buy” rating and set a $53.00 target price on shares of Athene in a research report on Tuesday, February 26th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $63.00 price target on shares of Athene in a research note on Wednesday, January 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. Athene has an average rating of “Buy” and a consensus price target of $56.52.
In other news, insider Frank Lauren Gillis sold 19,500 shares of the stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $42.76, for a total transaction of $833,820.00. Following the completion of the transaction, the insider now owns 207,817 shares in the company, valued at approximately $8,886,254.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 58,500 shares of company stock valued at $2,516,865 in the last quarter. 8.46% of the stock is owned by corporate insiders.
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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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