Cigna Investments Inc. New Takes Position in Athene Holding Ltd. (ATH)
Cigna Investments Inc. New acquired a new position in shares of Athene Holding Ltd. (NYSE:ATH) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,122 shares of the insurance provider’s stock, valued at approximately $304,000.
A number of other large investors have also made changes to their positions in the stock. Parametric Portfolio Associates LLC acquired a new stake in shares of Athene Holding during the first quarter worth $1,034,000. CI Global Investments Inc. raised its stake in shares of Athene Holding by 40.3% in the first quarter. CI Global Investments Inc. now owns 6,325,373 shares of the insurance provider’s stock worth $316,205,000 after buying an additional 1,816,836 shares in the last quarter. Three Peaks Capital Management LLC acquired a new stake in shares of Athene Holding during the first quarter worth $9,516,000. FSI Group LLC raised its stake in shares of Athene Holding by 76.9% in the first quarter. FSI Group LLC now owns 138,000 shares of the insurance provider’s stock worth $6,899,000 after buying an additional 60,000 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Athene Holding by 69.9% in the first quarter. Bank of New York Mellon Corp now owns 1,949,674 shares of the insurance provider’s stock worth $97,464,000 after buying an additional 802,093 shares in the last quarter. 40.11% of the stock is currently owned by institutional investors.
Shares of Athene Holding Ltd. (ATH) opened at 51.66 on Monday. Athene Holding Ltd. has a 52 week low of $43.25 and a 52 week high of $55.10. The stock’s 50 day moving average price is $50.46 and its 200 day moving average price is $50.98. The stock has a market cap of $6.17 billion and a price-to-earnings ratio of 8.19.
Athene Holding (NYSE:ATH) last posted its quarterly earnings data on Wednesday, August 9th. The insurance provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.37. The firm had revenue of $821 million during the quarter, compared to analyst estimates of $810.07 million. Equities research analysts anticipate that Athene Holding Ltd. will post $5.11 EPS for the current fiscal year.
A number of brokerages have weighed in on ATH. BMO Capital Markets reaffirmed a “neutral” rating and issued a $54.00 price objective on shares of Athene Holding in a report on Friday, May 12th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $59.00 price objective (up previously from $58.00) on shares of Athene Holding in a report on Monday, May 15th. Bank of America Corporation reaffirmed a “buy” rating and issued a $63.00 price objective (up previously from $61.00) on shares of Athene Holding in a report on Monday, May 15th. Zacks Investment Research raised Athene Holding from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Tuesday, May 16th. Finally, Keefe, Bruyette & Woods set a $59.00 price objective on Athene Holding and gave the company a “buy” rating in a report on Friday, August 11th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $57.50.
In related news, major shareholder Apollo Management Holdings Gp, sold 7,602,830 shares of the firm’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 Securities & Exchange Commission, which is accessible through this link. Company insiders own 10.60% of the company’s stock.
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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