Tredje AP fonden Takes Position in Athene Holding Ltd. (ATH)
Tredje AP fonden acquired a new stake in shares of Athene Holding Ltd. (NYSE:ATH) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,980 shares of the insurance provider’s stock, valued at approximately $396,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tealwood Asset Management Inc. raised its holdings in shares of Athene Holding by 4.2% during the second quarter. Tealwood Asset Management Inc. now owns 27,945 shares of the insurance provider’s stock valued at $1,386,000 after purchasing an additional 1,130 shares during the last quarter. Bronfman E.L. Rothschild L.P. purchased a new position in shares of Athene Holding during the first quarter valued at approximately $117,000. Quantbot Technologies LP purchased a new position in shares of Athene Holding during the first quarter valued at approximately $126,000. LS Investment Advisors LLC purchased a new position in shares of Athene Holding during the second quarter valued at approximately $144,000. Finally, Daiwa Securities Group Inc. purchased a new position in shares of Athene Holding during the second quarter valued at approximately $149,000. 47.52% of the stock is owned by hedge funds and other institutional investors.
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Several research firms have recently weighed in on ATH. Keefe, Bruyette & Woods set a $59.00 price objective on shares of Athene Holding and gave the company a “buy” rating in a report on Friday, August 11th. Wells Fargo & Company raised shares of Athene Holding to a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research cut shares of Athene Holding from a “buy” rating to a “hold” rating in a report on Monday, June 5th. Sandler O’Neill raised shares of Athene Holding from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Finally, Royal Bank Of Canada boosted their price objective on shares of Athene Holding from $59.00 to $66.00 and gave the company an “outperform” rating in a report on Friday, August 11th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Athene Holding presently has a consensus rating of “Buy” and a consensus target price of $57.50.
Shares of Athene Holding Ltd. (NYSE ATH) opened at 53.12 on Friday. Athene Holding Ltd. has a 12 month low of $43.25 and a 12 month high of $53.98. The company has a market capitalization of $10.63 billion and a price-to-earnings ratio of 8.59. The company’s 50-day moving average is $52.88 and its 200 day moving average is $52.54.
Athene Holding (NYSE:ATH) last announced its quarterly earnings results on Wednesday, August 9th. The insurance provider reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.37. The firm had revenue of $821.00 million during the quarter, compared to analysts’ expectations of $810.07 million. On average, equities research analysts anticipate that Athene Holding Ltd. will post $5.11 earnings per share for the current year.
Athene Holding Company Profile
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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