4,421 Shares in Athene Holding Ltd. (ATH) Acquired by Amalgamated Bank
Amalgamated Bank bought a new position in shares of Athene Holding Ltd. (NYSE:ATH) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,421 shares of the insurance provider’s stock, valued at approximately $219,000.
A number of other institutional investors also recently bought and sold shares of the stock. Tealwood Asset Management Inc. grew its holdings in Athene Holding by 4.2% during the second quarter. Tealwood Asset Management Inc. now owns 27,945 shares of the insurance provider’s stock worth $1,386,000 after acquiring an additional 1,130 shares during the period. LS Investment Advisors LLC acquired a new stake in Athene Holding during the second quarter worth about $144,000. Daiwa Securities Group Inc. acquired a new stake in Athene Holding during the second quarter worth about $149,000. North Star Investment Management Corp. acquired a new stake in Athene Holding during the second quarter worth about $188,000. Finally, Pacad Investment Ltd. grew its holdings in Athene Holding by 33.3% during the second quarter. Pacad Investment Ltd. now owns 15,200 shares of the insurance provider’s stock worth $754,000 after acquiring an additional 3,800 shares during the period. 47.48% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Athene Holding Ltd. (ATH) opened at 54.58 on Monday. Athene Holding Ltd. has a one year low of $43.25 and a one year high of $55.22. The firm has a market capitalization of $10.92 billion and a price-to-earnings ratio of 8.83. The firm has a 50-day moving average price of $53.77 and a 200 day moving average price of $53.77.
Athene Holding (NYSE:ATH) last issued its earnings results on Wednesday, August 9th. The insurance provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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. Equities analysts forecast that Athene Holding Ltd. will post $5.13 earnings per share for the current fiscal year.
ATH has been the topic of several analyst reports. Zacks Investment Research raised Athene Holding from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Tuesday, July 11th. Credit Suisse Group raised Athene Holding from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $55.00 to $66.00 in a report on Monday, June 19th. BMO Capital Markets reaffirmed a “hold” rating and set a $62.00 target price on shares of Athene Holding in a report on Friday, August 11th. Wells Fargo & Company raised Athene Holding to a “buy” rating in a report on Wednesday, August 9th. Finally, Sandler O’Neill raised Athene Holding from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Athene Holding has a consensus rating of “Buy” and a consensus price target of $57.86.
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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