Athene Holding Ltd (NYSE:ATH) is Selz Capital LLC’s 4th Largest Position

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Selz Capital LLC reduced its position in Athene Holding Ltd (NYSE:ATH) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 565,200 shares of the insurance provider’s stock after selling 24,381 shares during the period. Athene makes up about 4.7% of Selz Capital LLC’s investment portfolio, making the stock its 4th biggest position. Selz Capital LLC owned approximately 0.31% of Athene worth $26,581,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc increased its position in Athene by 45.8% during the second quarter. NumerixS Investment Technologies Inc now owns 3,500 shares of the insurance provider’s stock valued at $151,000 after acquiring an additional 1,100 shares during the last quarter. Ellington Management Group LLC purchased a new position in shares of Athene in the second quarter worth $202,000. US Bancorp DE raised its holdings in shares of Athene by 54.4% in the second quarter. US Bancorp DE now owns 5,090 shares of the insurance provider’s stock worth $220,000 after buying an additional 1,794 shares during the last quarter. World Asset Management Inc lifted its stake in shares of Athene by 4.8% during the third quarter. World Asset Management Inc now owns 5,282 shares of the insurance provider’s stock worth $222,000 after buying an additional 242 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of Athene by 12.0% during the third quarter. Parallel Advisors LLC now owns 5,858 shares of the insurance provider’s stock worth $246,000 after buying an additional 627 shares during the period. Hedge funds and other institutional investors own 69.50% of the company’s stock.

Several equities analysts recently issued reports on ATH shares. UBS Group cut their target price on Athene from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Zacks Investment Research raised shares of Athene from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 7th. SunTrust Banks cut their price target on Athene to $52.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. ValuEngine lowered Athene from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Finally, TheStreet raised Athene from a “c” rating to a “b-” rating in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. Athene currently has a consensus rating of “Buy” and a consensus target price of $53.00.

In related news, Director Lawrence Ruisi sold 8,000 shares of Athene stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $47.83, for a total value of $382,640.00. Following the sale, the director now directly owns 52,125 shares in the company, valued at approximately $2,493,138.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Frank Lauren Gillis sold 10,000 shares of Athene stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $43.89, for a total value of $438,900.00. Following the completion of the sale, the insider now owns 137,817 shares in the company, valued at $6,048,788.13. The disclosure for this sale can be found here. Insiders have sold 21,000 shares of company stock valued at $954,590 in the last three months. Corporate insiders own 7.70% of the company’s stock.

ATH traded down $0.12 on Thursday, reaching $47.01. The stock had a trading volume of 11,194 shares, compared to its average volume of 978,055. Athene Holding Ltd has a 12-month low of $36.00 and a 12-month high of $48.12. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.07. The business’s 50-day moving average price is $46.24 and its two-hundred day moving average price is $42.69. The company has a market cap of $8.71 billion, a P/E ratio of 8.10, a price-to-earnings-growth ratio of 0.47 and a beta of 1.03.

Athene (NYSE:ATH) last released its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.44). Athene had a net margin of 11.56% and a return on equity of 10.45%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the firm posted $1.90 EPS. The firm’s quarterly revenue was up .0% on a year-over-year basis. As a group, analysts predict that Athene Holding Ltd will post 6.5 earnings per share for the current year.

About Athene

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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Institutional Ownership by Quarter for Athene (NYSE:ATH)

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