Tealwood Asset Management Inc. Has $1.49 Million Stake in Athene Holding Ltd (ATH)

Tealwood Asset Management Inc. lessened its position in Athene Holding Ltd (NYSE:ATH) by 3.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,914 shares of the insurance provider’s stock after selling 1,066 shares during the quarter. Tealwood Asset Management Inc.’s holdings in Athene were worth $1,494,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ATH. Dimensional Fund Advisors LP lifted its holdings in shares of Athene by 2,764.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 160,616 shares of the insurance provider’s stock worth $7,679,000 after acquiring an additional 155,009 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Athene by 17.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,236 shares of the insurance provider’s stock worth $489,000 after buying an additional 1,517 shares during the period. The Manufacturers Life Insurance Company increased its stake in Athene by 158.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 296,816 shares of the insurance provider’s stock worth $14,190,000 after buying an additional 182,123 shares during the period. California State Teachers Retirement System increased its stake in Athene by 6.0% in the 1st quarter. California State Teachers Retirement System now owns 197,662 shares of the insurance provider’s stock worth $9,450,000 after buying an additional 11,235 shares during the period. Finally, Verition Fund Management LLC increased its stake in Athene by 100.5% in the 1st quarter. Verition Fund Management LLC now owns 14,110 shares of the insurance provider’s stock worth $675,000 after buying an additional 7,074 shares during the period. Hedge funds and other institutional investors own 67.76% of the company’s stock.

NYSE ATH opened at $49.03 on Wednesday. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.12. The stock has a market cap of $10.32 billion, a price-to-earnings ratio of 8.66, a price-to-earnings-growth ratio of 0.58 and a beta of 0.33. Athene Holding Ltd has a one year low of $43.09 and a one year high of $54.91.

Athene (NYSE:ATH) last posted its earnings results on Thursday, August 2nd. The insurance provider reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.21. The business had revenue of $958.00 million for the quarter, compared to the consensus estimate of $949.85 million. Athene had a net margin of 15.58% and a return on equity of 12.54%. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.43 EPS. On average, equities research analysts expect that Athene Holding Ltd will post 5.89 EPS for the current year.

In other Athene news, insider Frank Lauren Gillis sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, September 25th. The shares were sold at an average price of $51.71, for a total transaction of $5,171,000.00. Following the transaction, the insider now owns 289,638 shares of the company’s stock, valued at approximately $14,977,180.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Grant Kvalheim sold 85,000 shares of the firm’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $51.06, for a total transaction of $4,340,100.00. Following the transaction, the insider now directly owns 1,587,657 shares in the company, valued at approximately $81,065,766.42. The disclosure for this sale can be found here. Insiders have sold a total of 469,884 shares of company stock worth $23,791,629 in the last three months. Insiders own 8.46% of the company’s stock.

Several research analysts recently commented on ATH shares. Bank of America reaffirmed a “buy” rating and issued a $67.00 price target on shares of Athene in a research note on Wednesday, October 3rd. Royal Bank of Canada reaffirmed a “buy” rating and issued a $58.00 price target on shares of Athene in a research note on Friday, August 3rd. Zacks Investment Research raised shares of Athene from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Wednesday, July 4th. Wells Fargo & Co reaffirmed a “buy” rating and issued a $65.00 price target on shares of Athene in a research note on Friday, August 3rd. Finally, Citigroup reaffirmed a “hold” rating on shares of Athene in a research note on Wednesday, July 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $61.31.

Athene 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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