LS Investment Advisors LLC acquired a new position in Athene Holding Ltd. (NYSE:ATH) during the second quarter, Holdings Channel reports. The firm acquired 2,911 shares of the insurance provider’s stock, valued at approximately $144,000.
Several other institutional investors have also added to or reduced their stakes in the company. Schroder Investment Management Group acquired a new position in Athene Holding during the first quarter worth $36,993,000. Henderson Group PLC acquired a new position in Athene Holding during the first quarter worth $12,498,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Athene Holding during the first quarter worth $6,049,000. JPMorgan Chase & Co. acquired a new position in Athene Holding during the first quarter worth $42,878,000. Finally, Principal Financial Group Inc. raised its position in Athene Holding by 29.7% in the first quarter. Principal Financial Group Inc. now owns 276,300 shares of the insurance provider’s stock worth $13,812,000 after buying an additional 63,202 shares during the period. 37.91% of the stock is owned by hedge funds and other institutional investors.
Shares of Athene Holding Ltd. (NYSE ATH) traded up 3.83% during trading on Thursday, reaching $51.25. The company had a trading volume of 1,100,714 shares. The stock’s 50-day moving average price is $49.94 and its 200-day moving average price is $50.72. The company has a market capitalization of $10.27 billion and a PE ratio of 9.42. Athene Holding Ltd. has a 52 week low of $43.25 and a 52 week high of $55.10.
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 analysts’ consensus estimates of $1.06 by $0.37. The business had revenue of $821 million during the quarter, compared to analyst estimates of $810.07 million. On average, equities analysts expect that Athene Holding Ltd. will post $4.64 EPS for the current fiscal year.
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ATH has been the subject of a number of recent analyst reports. Zacks Investment Research raised Athene Holding from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Tuesday, July 11th. Credit Suisse Group raised Athene Holding from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $55.00 to $66.00 in a research note on Monday, June 19th. Deutsche Bank AG dropped their price objective on Athene Holding from $59.00 to $58.00 and set a “hold” rating for the company in a research note on Wednesday, April 19th. Bank of America Corporation reaffirmed a “buy” rating and issued a $63.00 price objective (up previously from $61.00) on shares of Athene Holding in a research note on Monday, May 15th. Finally, BMO Capital Markets reaffirmed a “neutral” rating and issued a $54.00 price objective on shares of Athene Holding in a research note on Friday, May 12th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $56.21.
In related news, major shareholder Apollo Management Holdings Gp, sold 7,602,830 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $49.00, for a total value of $372,538,670.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 10.60% of the company’s stock.
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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