The director of Athene Holding Ltd. (NYSE: ATH) H Carl Mccall sold 97,971 shares of the company in a trade that took place on Friday, June 11. The shares were sold for an average price of $ 300.53, for a total value of $ 29,443,224.63.
H Carl Mccall also recently completed the following transactions:
- On Monday, May 10, H Carl Mccall sold 4,800 Athene shares. The stock was sold for an average price of $ 62.86, for a total value of $ 301,728.00.
Athena Action traded at $ 2.72 during the midday Friday session, reaching $ 62.44. The company’s shares had a trading volume of 1,138,174 shares, compared to its average volume of 1,114,285. Athene Holding Ltd. has a 12-month low of $ 30.05 and a 12-month high of $ 70.37. The company has a debt ratio of 0.11, a current ratio of 0.09, and a rapid ratio of 0.09. The company has a market cap of $ 11.97 billion, a P / E ratio of 3.95 and a beta of 1.68. The company’s 50-day simple moving average is $ 64.08.
Athene (NYSE: ATH) last reported its quarterly results on Friday, May 7. The insurance provider reported earnings per share (EPS) of $ 3.80 for the quarter, beating the Thomson Reuters consensus estimate of $ 2.15 by $ 1.65. Athene had a net margin of 15.47% and a return on equity of 12.19%. The company posted revenue of $ 1.70 billion for the quarter, compared to analysts’ expectations of $ 1.61 billion. In the same quarter of the previous year, the company posted ($ 0.36) EPS. The company’s turnover is up 128.7% compared to the same quarter last year. As a group, equity analysts predict that Athene Holding Ltd. will show 10.32 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of ATH. Goldman Sachs Group Inc. increased its position in Athene shares by 1.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,239,075 shares of the insurance provider valued at $ 163,249,000 after acquiring an additional 53,612 shares during the last quarter. Lakewood Capital Management LP increased its position in shares of Athene by 30.4% during the first quarter. Lakewood Capital Management LP now owns 2,507,085 shares of the insurance provider valued at $ 126,357,000 after purchasing an additional 584,900 shares during the period. Massachusetts Financial Services Co. MA increased its holdings of Athene shares by 4.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,091,065 shares of the insurance provider valued at $ 105,389,000 after purchasing an additional 88,525 shares during the last quarter. Pentwater Capital Management LP acquired a new position in shares of Athene during the first quarter valued at $ 97,524,000. Finally, Neuberger Berman Group LLC increased its stake in Athene by 46.3% in the first quarter. Neuberger Berman Group LLC now owns 1,745,282 shares of the insurance provider valued at $ 87,805,000 after purchasing an additional 552,589 shares in the last quarter. Hedge funds and other institutional investors hold 83.54% of the company’s shares.
ATH has been the subject of several recent research reports. Morgan Stanley downgraded Athene’s stock from an “overweight” rating to an “equal weight” rating and set a price target of $ 74.00 for the company. in a research report Thursday. The UBS group reiterated a “neutral” rating and set a price target of $ 66.00 (vs. $ 55) for shares of Athene in a research report published on Wednesday, May 19. Citigroup raised its price target on Athene from $ 54.00 to $ 66.00 and gave the company a “neutral” rating in a research report published on Monday, June 14. Truist Securities raised its price target on Athene from $ 56.00 to $ 68.00 and gave the stock a “buy” rating in a research report published on Friday, May 14. Finally, Piper Sandler raised her price target on Athene from $ 66.10 to $ 72.72 and gave the stock a “neutral” rating in a research note on Thursday, July 8. They noted that the move was an appraisal call. Eleven analysts rated the stock with a conservation rating and three issued a buy rating for the company. Athene currently has a consensus rating of “Hold” and a consensus target price of $ 65.12.
Athene Holding Ltd., a retirement services company, issues, reinsures and acquires retirement savings products for individuals and institutions in the United States and Bermuda. The company offers annuity retirement solutions to its policyholders; and reinsures multi-year guaranteed annuities, fixed indexed annuities, traditional fixed one-year guaranteed deferred annuities, payout annuities and institutional products.
See also: What is a cross of death?
This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Featured article: What are the causes of a recession?
7 Internet of Things actions perfectly suited to our connected future
When you talk about the Internet of Things (IoT), you may get different answers. I like to think of it as a matter of connection. These are devices that can connect to each other and to the Internet. And it provides users with the solutions that make our life more convenient.
The most basic and ubiquitous example of an IoT device is the smartphone that many of us have with us at all times. But think about what it led to. Home assistants, security cameras, fitness apps, and more are all enabled by the Internet of Things.
The IoT took on even greater importance during the pandemic, as companies had to find a way to keep their networks secure and viable even if their employees were dispersed remotely. This has created a demand for edge and cloud computing solutions that are also facilitated by the Internet of Things.
And yes, this is just the start. The growing need for data is fueling the demand for IoT solutions in areas such as autonomous vehicles.
But the good news is that this is an area that is still very much in the growth phase. And that means there is no shortage of companies you can find to trade in this industry. To get you started, we’ve prepared this special presentation that highlights seven of these companies and why we think they are worth adding to your portfolio.
Consult the “7 Internet of Things Actions Perfectly Adapted to Our Connected Future”.