Athene Holding Ltd. (ATH): Why insiders taking interest in this stock

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Athene Holding Ltd. (NYSE:ATH) changes shares on Wednesday trading session, with a change of 8.00% or $2.61 shares. The trading starts at $33.30 and closed at $32.61 throughout the day. The trading session low price was $33.30 and day high was $36.15 on Wednesday, August 05. After the session, the Financial sector daily volume shifted to 2.81 million while its average volume is 2.10M. In other hand, the ATH market cap reached to $6.88B. While, its current target price is $42.50.

On June 18, 2020, Prudential sells Jackson equity stake to Apollo-backed Athene for $500 mln. According to the news reported on Reuters, Prudential has sold a minority stake in its U.S. business, Jackson, to Apollo Global-backed Athene Holding for $500 million, the insurer said on Thursday, in the first phase of its plan to exit the U.S. insurance market. The London-listed, Asia-focused insurance firm, which…

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 5.01% and up 17.40% for month. Its quarterly performance was 53.06% above, while its half year performance is down -23.32%. ATH yearly performance stood at negative -10.61% and fall -25.11% for year-to-date. Current recommendation for Athene Holding Ltd. is 2.30.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. ATH EPS (TTM) for 12-month is 2.20. EPS for this year is 114.80%, while for the next year its value is 7.70. Sales growth for the current quarter is 1.24 while its EPS Q/Q reached -250.70%. It has an EPS of 37.70% up for past five years and for the next five years will be up 12.93%.

Let’s take a look on the analyst recommendations on ATH for the current month and previous month. For the current month, 8 of 12 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 4 as Hold. As compared with the previous month ratings, 12 analysts participate in stock recommendation. Out of 12, 0 rated it sell, 7 rated it as Buy and 5 as Hold Ratings. On the other hand, target price ranges from $31.00 – $72.00. Average target price for ATH was reached at $44.91.

Apollo Management Holdings, L.P., Vanguard Group, Inc. (The) and Wellington Management Company, LLP are the top three holders in Athene Holding Ltd. (ATH) stock. On Mar 30, 2020, Apollo Management Holdings, L.P. has 55.21 million shares which valued 1.37 billion. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 14.94 million shares which valued at 370.78 million. On Mar 30, 2020, Wellington Management Company, LLP has a total of 13.51 million shares which valued at 335.37 million. In the end, Wellington Management Company, LLP have 6.96% shares outstanding of Athene Holding Ltd. (ATH) on Mar 30, 2020. The insider ownership moved to 1.40%.

The company posted an EPS (TTM) of 2.20. According to the most recent quarter report on (Sep 2020), 13 analysts estimated an average EPS of 1.86, while 1.34 EPS posted a year ago period. Analyst Estimated EPS for ATH published in the report was $1.32 – $3.03 during the same period. Comparing with last year, the average estimated EPS was 1.34 which is lower than 2.49 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for ATH fall -3.13% for period of 200 days. SMA for 50 days was 9.64% which is showing green signal, while SMA-20 was 7.91%. The moving average value for Athene Holding Ltd. (ATH) is 7.97M and 5.53% for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in ATH stock. On Jun 11, Kvalheim Grant, See Remarks, bought 40,000 trading shares at the cost of $25.00, which valued at 1.0 million. On Jun 11, Belardi James Richard, Chairman, CEO and CIO, bought 40,000 shares at the cost of $25.00, with total shares of 40,000. On Mar 13, Klein Martin P, Executive VP and CFO, bought 4,000 shares at the cost of 25.25. After this transaction, Klein Martin P total shares reached to 142,449 which valued at 0.1 million.