Northern Trust Corp Has $36.76 Million Stake in Athene Holding Ltd (ATH)

Northern Trust Corp grew its stake in shares of Athene Holding Ltd (NYSE:ATH) by 10.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 838,452 shares of the insurance provider’s stock after buying an additional 82,326 shares during the period. Northern Trust Corp’s holdings in Athene were worth $36,757,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in 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 purchasing an additional 155,009 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings 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 purchasing an additional 1,517 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings 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 purchasing an additional 182,123 shares in the last quarter. California State Teachers Retirement System lifted its holdings 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 purchasing an additional 11,235 shares in the last quarter. Finally, Verition Fund Management LLC lifted its holdings 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 purchasing an additional 7,074 shares in the last quarter. 67.76% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently commented on ATH. Zacks Investment Research cut Athene from a “buy” rating to a “hold” rating in a report on Wednesday, June 27th. Bank of America reissued a “buy” rating and issued a $67.00 price target on shares of Athene in a report on Wednesday, October 3rd. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $68.00 price target on shares of Athene in a report on Friday, September 21st. Royal Bank of Canada reissued a “buy” rating and issued a $58.00 price target on shares of Athene in a report on Friday, August 3rd. Finally, Wells Fargo & Co reissued a “buy” rating and issued a $65.00 price target on shares of Athene in a report on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. Athene currently has an average rating of “Buy” and an average price target of $61.17.

In other news, insider Grant Kvalheim sold 38,985 shares of the company’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $50.01, for a total transaction of $1,949,639.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Frank Lauren Gillis sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, October 11th. The stock was sold at an average price of $50.04, for a total value of $50,040.00. Following the sale, the insider now directly owns 218,638 shares in the company, valued at $10,940,645.52. 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 over the last ninety days. Insiders own 8.46% of the company’s stock.

Shares of ATH opened at $48.74 on Friday. The company has a market cap of $9.68 billion, a PE ratio of 8.72, a PEG ratio of 0.50 and a beta of 0.34. Athene Holding Ltd has a 1 year low of $43.09 and a 1 year high of $54.71. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.13 and a current ratio of 0.13.

Athene (NYSE:ATH) last issued its quarterly earnings data on Thursday, August 2nd. The insurance provider reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.21. The business had revenue of $958.00 million for the quarter, compared to analysts’ expectations of $949.85 million. Athene had a return on equity of 12.54% and a net margin of 15.58%. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 EPS. As a group, equities analysts forecast that Athene Holding Ltd will post 6.01 EPS for the current fiscal year.

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.

Further Reading: Fundamental Analysis and Individual Investors

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Institutional Ownership by Quarter for Athene (NYSE:ATH)

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