Athene Holding Ltd (NYSE:ATH) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 4,974,700 shares, a decline of 25.0% from the May 15th total of 6,631,800 shares. Approximately 3.2% of the shares of the company are short sold. Based on an average trading volume of 1,420,000 shares, the days-to-cover ratio is presently 3.5 days.
NYSE:ATH traded up $0.09 during trading hours on Friday, hitting $42.15. 1,571,810 shares of the stock were exchanged, compared to its average volume of 1,129,422. Athene has a 52-week low of $37.20 and a 52-week high of $53.92. The business’s fifty day simple moving average is $42.83. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.10. The firm has a market cap of $8.27 billion, a P/E ratio of 7.24, a P/E/G ratio of 0.38 and a beta of 0.98.
Athene (NYSE:ATH) last issued its earnings results on Tuesday, May 7th. The insurance provider reported $1.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.70 by ($0.20). The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.25 billion. Athene had a return on equity of 13.32% and a net margin of 14.36%. The company’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.21 earnings per share. As a group, sell-side analysts expect that Athene will post 7.07 earnings per share for the current fiscal year.
In other news, insider Frank Lauren Gillis sold 19,500 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $44.98, for a total value of $877,110.00. Following the completion of the transaction, the insider now owns 197,817 shares of the company’s stock, valued at approximately $8,897,808.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO James Richard Belardi acquired 80,000 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was bought at an average cost of $25.00 per share, with a total value of $2,000,000.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 130,000 shares of company stock valued at $3,250,000. 8.70% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of ATH. Quadrant Capital Group LLC acquired a new position in Athene during the first quarter worth $27,000. Truvestments Capital LLC acquired a new position in Athene during the first quarter worth $51,000. Advisors Asset Management Inc. acquired a new position in Athene during the fourth quarter worth $55,000. Bremer Trust National Association acquired a new position in Athene during the fourth quarter worth $56,000. Finally, Bremer Bank National Association acquired a new position in Athene during the first quarter worth $64,000. Institutional investors and hedge funds own 71.87% of the company’s stock.
Athene Company Profile
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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