Athene Holding Ltd. (NYSE: ATH) saw a sharp decline in short-term interest in November. As of November 15, there was short interest totaling 4,180,000 shares, a decrease of 20.8% from the October 31 total of 5,280,000 shares. About 3.2% of the company’s shares are sold short. Based on an average trading volume of 1,030,000 shares, the day-to-coverage ratio is currently 4.1 days.
A number of analysts recently commented on the company. Truist Securities raised its price target on Athene from $ 68.00 to $ 88.00 and assigned a “hold” rating to the stock in a research note on Tuesday, November 9. Zacks investment research downgraded Athene from a “hold” rating to a “buy” rating and set a price target of $ 69.00 on the stock in a research note on Tuesday, August 17. Truist Financial downgraded Athene to a “hold” rating in a research note on Tuesday, August 10. Truist increased its price target on Athene from $ 68.00 to $ 88.00 and gave the stock a “hold” rating in a research note on Tuesday, November 9. Finally, Morgan Stanley lowered its price target on Athene from $ 74.00 to $ 69.00 and set a “par value” on the stock in a research note on Wednesday, September 1. Thirteen equity research analysts rated the stock with a conservation rating and two gave the company a buy rating. Based on data from MarketBeat, Athene has a consensus rating of “Hold” and a consensus price target of $ 71.34.
NYSE ATH shares opened at $ 80.46 on Friday. The company’s 50-day average mobile price is $ 81.24, and its two-hundred-day mobile average price is $ 70.89. The company has a debt ratio of 0.11, a current ratio of 0.65, and a quick ratio of 0.65. Athene has a one-year low of $ 40.21 and a one-year high of $ 91.26. The company has a market cap of $ 15.46 billion, a P / E ratio of 4.25 and a beta of 1.70.
Athene (NYSE: ATH) last released its quarterly results on Wednesday, November 3. The insurance provider reported earnings per share (EPS) of $ 2.73 for the quarter, beating the consensus estimate of $ 2.10 by $ 0.63. The company posted revenue of $ 1.47 billion in the quarter, compared to a consensus estimate of $ 1.57 billion. Athene had a return on equity of 14.35% and a net margin of 13.69%. The company’s revenue grew 21.9% year-over-year. In the same quarter of the previous year, the company posted EPS of $ 1.53. On average, equity analysts expect Athene to post 14.36 EPS for the current year.
In related news, CFO Martin P. Klein sold 1,200 shares of the company in a trade that took place on Monday, September 20. The stock was sold for an average price of $ 68.10, for a total trade of $ 81,720.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed via this link. Also, director Robert L. Borden sold 2,000 shares of the company in a transaction that took place on Wednesday, September 15. The shares were sold for an average price of $ 68.80, for a total value of $ 137,600.00. As a result of the transaction, the Director now owns 17,107 shares of the company, valued at approximately $ 1,176,961.60. Disclosure of this sale can be found here. During the last quarter, insiders sold 15,000 shares of the company valued at $ 1,123,367. Insiders own 6.80% of the shares of the company.
A number of institutional investors have recently bought and sold shares in the company. Truist Financial Corp increased its holdings in Athene by 0.9% in the 3rd quarter. Truist Financial Corp now owns 15,035 shares of the insurance provider valued at $ 1,036,000 after acquiring 138 additional shares in the last quarter. Islay Capital Management LLC increased its stake in Athene by 9.4% in the 3rd quarter. Islay Capital Management LLC now owns 1,856 shares of the insurance provider valued at $ 128,000 after acquiring 159 additional shares in the last quarter. Ameriprise Financial Inc. increased its stake in Athene by 1.3% in the 1st quarter. Ameriprise Financial Inc. now owns 13,829 shares of the insurance provider valued at $ 697,000 after acquiring 184 more shares in the last quarter. Gotham Asset Management LLC increased its stake in Athene by 4.6% in the 3rd quarter. Gotham Asset Management LLC now owns 4,595 shares of the insurance provider valued at $ 316,000 after acquiring 204 more shares in the last quarter. Finally, Summit Trail Advisors LLC increased its stake in Athene shares by 0.3% in the 3rd quarter. Summit Trail Advisors LLC now owns 76,812 shares of the insurance provider valued at $ 5,290,000 after purchasing an additional 220 shares in the last quarter. 85.87% of the shares are held by hedge funds and other institutional investors.
Athene Holding Ltd. engages in the provision of retirement services. The firm issues, reinsures and acquires retirement savings products and institutional products. It operates in the following segments: Retirement Services and Corporate & Other. The Retirement Services segment includes operations in the United States and Bermuda, which issue and reinsure retirement savings products and institutional products.
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