Pine River Capital Management L.P. Takes $4.96 Million Position in Athene Holding Ltd. (ATH)
Pine River Capital Management L.P. 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 100,000 shares of the insurance provider’s stock, valued at approximately $4,961,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of ATH. Vanguard Group Inc. boosted its holdings in Athene Holding by 347.1% during the 1st quarter. Vanguard Group Inc. now owns 6,289,499 shares of the insurance provider’s stock worth $314,412,000 after acquiring an additional 4,882,626 shares during the last quarter. BlackRock Inc. boosted its holdings in Athene Holding by 164.7% during the 2nd quarter. BlackRock Inc. now owns 5,112,966 shares of the insurance provider’s stock worth $253,652,000 after acquiring an additional 3,181,535 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Athene Holding by 4,704.2% during the 1st quarter. Wellington Management Group LLP now owns 2,922,894 shares of the insurance provider’s stock worth $146,115,000 after acquiring an additional 2,862,054 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in Athene Holding by 46.7% during the 2nd quarter. Neuberger Berman Group LLC now owns 6,067,906 shares of the insurance provider’s stock worth $301,029,000 after acquiring an additional 1,932,900 shares during the last quarter. Finally, Alliancebernstein L.P. purchased a new position in Athene Holding during the 2nd quarter worth $86,452,000. 47.49% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently commented on the company. Zacks Investment Research cut Athene Holding from a “buy” rating to a “hold” rating in a research note on Monday, June 5th. Credit Suisse Group upgraded Athene Holding from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $55.00 to $66.00 in a research note on Monday, June 19th. Wells Fargo & Company upgraded Athene Holding to a “buy” rating in a research note on Wednesday, August 9th. BMO Capital Markets reiterated a “hold” rating and set a $62.00 target price on shares of Athene Holding in a research note on Friday, August 11th. Finally, Royal Bank Of Canada lifted their target price on Athene Holding from $59.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, August 11th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Athene Holding currently has a consensus rating of “Buy” and an average price target of $57.50.
Shares of Athene Holding Ltd. (ATH) traded down 0.31% during midday trading on Friday, reaching $53.84. The company had a trading volume of 768,935 shares. Athene Holding Ltd. has a 12-month low of $43.25 and a 12-month high of $54.27. The firm has a market capitalization of $10.77 billion and a price-to-earnings ratio of 8.71. The company has a 50 day moving average of $53.10 and a 200 day moving average of $53.10.
Athene Holding (NYSE:ATH) last released its quarterly earnings data on Wednesday, August 9th. The insurance provider reported $1.43 EPS for the quarter, beating the consensus estimate of $1.06 by $0.37. The business had revenue of $821.00 million for the quarter, compared to analysts’ expectations of $810.07 million. Analysts anticipate that Athene Holding Ltd. will post $5.12 EPS for the current year.
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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