Artal Group S.A. cut its holdings in Athene Holding Ltd. (NYSE:ATH) by 55.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,000 shares of the insurance provider’s stock after selling 250,000 shares during the period. Artal Group S.A. owned 0.10% of Athene Holding worth $9,922,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Tealwood Asset Management Inc. lifted its holdings in Athene Holding by 4.2% in the 2nd quarter. Tealwood Asset Management Inc. now owns 27,945 shares of the insurance provider’s stock worth $1,386,000 after purchasing an additional 1,130 shares in the last quarter. Quantbot Technologies LP purchased a new position in Athene Holding in the 1st quarter worth approximately $126,000. LS Investment Advisors LLC purchased a new position in Athene Holding in the 2nd quarter worth approximately $144,000. Daiwa Securities Group Inc. purchased a new position in Athene Holding in the 2nd quarter worth approximately $149,000. Finally, North Star Investment Management Corp. purchased a new position in Athene Holding in the 2nd quarter worth approximately $188,000. 47.49% of the stock is currently owned by institutional investors.

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Shares of Athene Holding Ltd. (ATH) traded down 0.06% during mid-day trading on Tuesday, hitting $53.48. The stock had a trading volume of 325,624 shares. The stock has a market cap of $10.70 billion and a P/E ratio of 8.65. Athene Holding Ltd. has a one year low of $43.25 and a one year high of $53.98. The firm has a 50 day moving average of $52.98 and a 200-day moving average of $52.85.

Athene Holding (NYSE:ATH) last released its earnings results on Wednesday, August 9th. The insurance provider reported $1.43 earnings per share for the quarter, beating the consensus estimate 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. Equities research analysts expect that Athene Holding Ltd. will post $5.11 earnings per share for the current fiscal year.

A number of research firms recently commented on ATH. BMO Capital Markets reissued a “hold” rating and issued a $62.00 price target on shares of Athene Holding in a report on Friday, August 11th. Sandler O’Neill raised Athene Holding from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Royal Bank Of Canada boosted their price target on Athene Holding from $59.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday, August 11th. Keefe, Bruyette & Woods set a $59.00 price target on Athene Holding and gave the stock a “buy” rating in a report on Friday, August 11th. Finally, Zacks Investment Research cut Athene Holding from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $57.50.

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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Institutional Ownership by Quarter for Athene Holding (NYSE:ATH)

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