Tealwood Asset Management Inc. Boosts Position in Athene Holding Ltd. (ATH)
Tealwood Asset Management Inc. increased its position in shares of Athene Holding Ltd. (NYSE:ATH) by 4.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,945 shares of the insurance provider’s stock after buying an additional 1,130 shares during the period. Tealwood Asset Management Inc.’s holdings in Athene Holding were worth $1,386,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. bought a new stake in Athene Holding during the first quarter worth about $117,000. Quantbot Technologies LP bought a new stake in Athene Holding during the first quarter worth about $126,000. LS Investment Advisors LLC bought a new stake in Athene Holding during the second quarter worth about $144,000. North Star Investment Management Corp. bought a new stake in Athene Holding during the second quarter worth about $188,000. Finally, Loews Corp bought a new stake in Athene Holding during the first quarter worth about $225,000. Institutional investors own 37.63% of the company’s stock.
Shares of Athene Holding Ltd. (NYSE:ATH) traded up 0.58% during mid-day trading on Wednesday, hitting $49.99. 103,834 shares of the stock traded hands. The stock has a 50-day moving average of $49.54 and a 200-day moving average of $50.39. Athene Holding Ltd. has a 52 week low of $43.25 and a 52 week high of $55.10. The company has a market cap of $10.02 billion and a price-to-earnings ratio of 9.18.
Athene Holding (NYSE:ATH) last released its quarterly earnings data on Wednesday, May 10th. The insurance provider reported $1.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.34. The company had revenue of $786 million during the quarter, compared to analyst estimates of $785.94 million. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 EPS. Analysts anticipate that Athene Holding Ltd. will post $4.64 EPS for the current year.
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A number of equities research analysts have recently issued reports on ATH shares. Bank of America Corporation reiterated a “buy” rating and set a $63.00 price target (up from $61.00) on shares of Athene Holding in a research report on Monday, May 15th. Zacks Investment Research raised shares of Athene Holding from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Tuesday, May 16th. Deutsche Bank AG dropped their price objective on shares of Athene Holding from $59.00 to $58.00 and set a “hold” rating for the company in a research note on Wednesday, April 19th. BMO Capital Markets reissued a “neutral” rating and set a $54.00 price objective on shares of Athene Holding in a research note on Friday, May 12th. Finally, Credit Suisse Group raised shares of Athene Holding from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $55.00 to $66.00 in a research note on Monday, June 19th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $56.21.
In other Athene Holding news, major shareholder Apollo Management Holdings Gp, sold 7,602,830 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $49.00, for a total value of $372,538,670.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 10.60% of the stock is currently owned by corporate insiders.
About Athene Holding
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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