Vanguard Group Inc. Has $393.83 Million Stake in Athene Holding Ltd. (ATH)
Vanguard Group Inc. grew its position in Athene Holding Ltd. (NYSE:ATH) by 26.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,938,480 shares of the insurance provider’s stock after purchasing an additional 1,648,981 shares during the period. Vanguard Group Inc. owned about 3.96% of Athene Holding worth $393,827,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in ATH. Wells Fargo & Company MN raised its holdings in shares of Athene Holding by 1,129.0% in the first quarter. Wells Fargo & Company MN now owns 97,486 shares of the insurance provider’s stock valued at $4,874,000 after purchasing an additional 89,554 shares during the last quarter. First Trust Advisors LP purchased a new stake in shares of Athene Holding in the first quarter valued at about $2,626,000. Parametric Portfolio Associates LLC purchased a new stake in shares of Athene Holding in the first quarter valued at about $1,034,000. State of Wisconsin Investment Board purchased a new stake in shares of Athene Holding in the first quarter valued at about $271,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Athene Holding in the first quarter valued at about $126,000. Institutional investors own 47.49% of the company’s stock.
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Shares of Athene Holding Ltd. (NYSE ATH) opened at 54.21 on Friday. The stock has a market cap of $10.85 billion and a P/E ratio of 8.77. The company’s 50-day moving average is $53.50 and its 200-day moving average is $53.50. Athene Holding Ltd. has a 12-month low of $43.25 and a 12-month high of $54.50.
Athene Holding (NYSE:ATH) last posted its earnings results on Wednesday, August 9th. The insurance provider reported $1.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.37. The company had revenue of $821.00 million for the quarter, compared to the consensus estimate of $810.07 million. On average, equities research analysts anticipate that Athene Holding Ltd. will post $5.12 earnings per share for the current year.
Several analysts have recently commented on the stock. Keefe, Bruyette & Woods set a $59.00 target price on shares of Athene Holding and gave the company a “buy” rating in a report on Friday, August 11th. Royal Bank Of Canada reiterated a “buy” rating on shares of Athene Holding in a report on Monday, September 25th. Wells Fargo & Company upgraded shares of Athene Holding to a “buy” rating in a report on Wednesday, August 9th. Sandler O’Neill upgraded shares of Athene Holding from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $62.00 target price on shares of Athene Holding in a report on Friday, August 11th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $57.50.
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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