Kemnay Advisory Services Inc. Has $1.71 Million Holdings in Athene Holding Ltd (ATH)

Kemnay Advisory Services Inc. lowered its stake in Athene Holding Ltd (NYSE:ATH) by 5.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,026 shares of the insurance provider’s stock after selling 1,763 shares during the period. Kemnay Advisory Services Inc.’s holdings in Athene were worth $1,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Aperio Group LLC increased its holdings in shares of Athene by 373.6% in the 2nd quarter. Aperio Group LLC now owns 41,248 shares of the insurance provider’s stock valued at $1,808,000 after acquiring an additional 32,538 shares during the last quarter. Wedge Capital Management L L P NC increased its holdings in shares of Athene by 14.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 23,579 shares of the insurance provider’s stock valued at $1,034,000 after acquiring an additional 3,030 shares during the last quarter. Comerica Bank increased its holdings in shares of Athene by 29.9% in the 2nd quarter. Comerica Bank now owns 6,062 shares of the insurance provider’s stock valued at $270,000 after acquiring an additional 1,395 shares during the last quarter. Public Employees Retirement Association of Colorado increased its holdings in shares of Athene by 8.2% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 18,882 shares of the insurance provider’s stock valued at $828,000 after acquiring an additional 1,429 shares during the last quarter. Finally, Pitcairn Co. purchased a new position in shares of Athene in the 2nd quarter valued at about $674,000. 70.48% of the stock is currently owned by institutional investors.

In other Athene news, insider Grant Kvalheim sold 85,000 shares of Athene stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $51.06, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frank Lauren Gillis sold 1,000 shares of Athene stock in a transaction that occurred on Thursday, October 11th. The shares were sold at an average price of $50.04, for a total value of $50,040.00. Following the completion of the transaction, the insider now 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 186,000 shares of company stock worth $9,561,140 in the last 90 days. 8.46% of the stock is currently owned by company insiders.

A number of research analysts have recently commented on ATH shares. Morgan Stanley dropped their price objective on Athene from $64.00 to $62.00 and set an “overweight” rating on the stock in a report on Tuesday, November 13th. Wells Fargo & Co set a $67.00 price objective on Athene and gave the company a “buy” rating in a report on Wednesday, October 31st. SunTrust Banks reiterated a “buy” rating and issued a $59.00 price objective on shares of Athene in a report on Monday, November 5th. Bank of America reiterated a “buy” rating and issued a $67.00 price objective on shares of Athene in a report on Wednesday, October 3rd. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $68.00 price objective on shares of Athene in a report on Friday, September 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $61.00.

NYSE:ATH opened at $41.30 on Thursday. The company has a market cap of $8.25 billion, a P/E ratio of 7.30, a PEG ratio of 0.51 and a beta of 0.78. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.11. Athene Holding Ltd has a 52-week low of $41.03 and a 52-week high of $53.92.

Athene (NYSE:ATH) last released its quarterly earnings results on Wednesday, October 31st. The insurance provider reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.21. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.15 billion. Athene had a return on equity of 14.09% and a net margin of 17.65%. The firm’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.18 EPS. On average, research analysts expect that Athene Holding Ltd will post 6.24 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Kemnay Advisory Services Inc. Has $1.71 Million Holdings in Athene Holding Ltd (ATH)” was published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://www.chaffeybreeze.com/2018/12/06/kemnay-advisory-services-inc-has-1-71-million-holdings-in-athene-holding-ltd-ath.html.

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.

Featured Story: Insider Trading – What You Need to Know

Want to see what other hedge funds are holding ATH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Athene Holding Ltd (NYSE:ATH).

Institutional Ownership by Quarter for Athene (NYSE:ATH)

Receive News & Ratings for Athene Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Athene and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply