A New Development in Athene Holding Ltd. (ATH)

Gillis Frank Lauren sold 1,000 shares in Athene Holding Ltd. (NYSE:ATH) for $238,638 in transaction occurred on 2018/10/11. After making this transaction, the insider owns a direct stake of 50,040 shares, worth $9,757,908, as per the last closing price. On 2018/09/25 Gillis Frank Lauren, dumped 100,000 shares at an average price of $51.71 per share. The selling total is valued at $9,780,193.

Separately, it had been reported that some other ATH insiders also took part of the insider trading activity. Kvalheim Grant had divested 85,000 shares for $1,587,657 through a trade on 2018/09/17. Following this activity, the insider holds 4,340,100 shares worth $64,919,295 as of recent close.

Athene Holding Ltd. (ATH) trading activity significantly improved as the volume at ready counter increased to 2,959,000 shares versus 1,556,550 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 1,324,489 shares. The share price dropped -0.99% in recent trade and currently has a stock-market value of $7.71B. The shares finished at $40.89, after trading as low as $39.9535 earlier in the session. It hit an intraday high Thursday at $41.07. The stock is now -0.34% above against its bear-market low of $41.03 on December 06, 2018. It has retreated -31.87% since it’s 52-week high of $53.92 reached in September. Now the market price is down -14.19% on the year and down -20.92% YTD.

ATH’s 50 day simple moving average (SMA 50) price is $47.02 and its 200-day simple moving average (SMA 200) price is $47.58. The company’s stock currently has a total float of 148.31M shares. Its weekly volatility is hovering around 3.65% and felt 2.76% volatility in price over a month. On the upside, the share price will test short term resistance at around $41.32. On a downside, the stock is likely to find some support, which begins at $40.2. The failure to get near-term support could push it to $39.52.

It had seen a new analyst call from BofA/Merrill, which initiated the stock at Buy on October 03. Analysts at Barclays, started covering the stock on June 08 with a Equal Weight rating. Analysts at Credit Suisse, made their first call about the stock on April 25, recommending it is Outperform. Sandler O’Neill analysts came out with bullish views on August 11 when the call was made. They think the stock is now Buy compared to to their prior call for Hold.

When looking at valuations, Athene Holding Ltd. (ATH) has a cheap P/E of 4.91x as compared to industry average of 14.22x. Moreover, it trades for 5.68 times the next 12 months of expected earnings. Also, it is trading at rather inexpensive levels at just over 0.89x price/book and 0.82x price/sales. Compared to others, Athene Holding Ltd. is in a different league with regards to profitability, having net margins of 17.5%. To put some perspective around this, the industry’s average net margin is 5.32%. ATH’s ROE is 18.4%, which is also considerably better than the industry’s ROE of 4.87%.