Athene Sees Unusually High Options Volume (ATH)

Athene Holding Ltd. (NYSE:ATH) saw some unusual options trading on Monday. Stock investors acquired 3,050 call options on the stock. This is an increase of approximately 1,410% compared to the average daily volume of 202 call options.

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Athene by 26.2% in the 2nd quarter. Vanguard Group Inc. now owns 7,938,480 shares of the insurance provider’s stock worth $393,827,000 after buying an additional 1,648,981 shares during the last quarter. CI Global Investments Inc. lifted its position in Athene by 3.7% in the 3rd quarter. CI Global Investments Inc. now owns 7,036,310 shares of the insurance provider’s stock valued at $378,835,000 after acquiring an additional 250,111 shares in the last quarter. Neuberger Berman Group LLC lifted its position in Athene by 2.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 6,207,101 shares of the insurance provider’s stock valued at $334,190,000 after acquiring an additional 139,195 shares in the last quarter. BlackRock Inc. lifted its position in Athene by 164.7% in the 2nd quarter. BlackRock Inc. now owns 5,112,966 shares of the insurance provider’s stock valued at $253,652,000 after acquiring an additional 3,181,535 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Athene by 38.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,699,724 shares of the insurance provider’s stock valued at $133,933,000 after acquiring an additional 750,050 shares in the last quarter. Institutional investors own 48.38% of the company’s stock.

ATH has been the subject of several recent analyst reports. Wells Fargo & Co restated a “buy” rating on shares of Athene in a report on Wednesday, November 1st. Evercore ISI reiterated a “buy” rating and set a $68.00 price target on shares of Athene in a report on Thursday, December 21st. Canaccord Genuity reiterated a “buy” rating on shares of Athene in a report on Thursday, December 7th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $63.00 price target on shares of Athene in a report on Friday, November 3rd. Finally, BMO Capital Markets reissued a “hold” rating and issued a $61.00 target price on shares of Athene in a research report on Friday, December 22nd. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $60.87.

Athene (ATH) traded down $0.11 during midday trading on Friday, hitting $51.71. The stock had a trading volume of 568,806 shares, compared to its average volume of 1,480,000. Athene has a 12 month low of $45.15 and a 12 month high of $55.22. The company has a market cap of $10,340.00 and a price-to-earnings ratio of 7.23.

Athene (NYSE:ATH) last posted its earnings results on Monday, November 6th. The insurance provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. The firm had revenue of $863.00 million for the quarter, compared to the consensus estimate of $852.85 million. Athene had a return on equity of 13.31% and a net margin of 22.66%. research analysts expect that Athene will post 5.17 EPS for the current year.

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About Athene

Athene Holding Ltd. is an insurance holding company. The Company’s segments include Retirement Services, Corporate and Other. Retirement Services segment consists of the United States and Bermuda operations, which issue and reinsure retirement savings products and institutional products. Retirement Services has retail operations, which provide annuity retirement solutions to its policyholders.

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