Guggenheim Capital LLC Acquires Shares of 5,179 Athene Holding Ltd. (NYSE:ATH)


Share on StockTwits

Guggenheim Capital LLC acquired a new stake in shares of Athene Holding Ltd. (NYSE:ATH) in the fourth quarter, HoldingsChannel reports. The fund acquired 5,179 shares of the insurance provider’s stock, valued at approximately $223,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ATH. FMR LLC grew its stake in Athene by 39.8% during the 1st quarter. FMR LLC now owns 60,261 shares of the insurance provider’s stock valued at $2,458,000 after purchasing an additional 17,160 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its stake in Athene by 9.4% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 166,866 shares of the insurance provider’s stock valued at $6,809,000 after purchasing an additional 14,336 shares in the last quarter. Morgan Stanley grew its stake in Athene by 42.2% during the 3rd quarter. Morgan Stanley now owns 323,372 shares of the insurance provider’s stock valued at $11,021,000 after purchasing an additional 96,035 shares in the last quarter. California State Teachers Retirement System grew its stake in Athene by 2.2% during the 3rd quarter. California State Teachers Retirement System now owns 211,324 shares of the insurance provider’s stock valued at $7,202,000 after purchasing an additional 4,476 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its stake in Athene by 54.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 123,479 shares of the insurance provider’s stock valued at $4,208,000 after purchasing an additional 43,525 shares in the last quarter. Hedge funds and other institutional investors own 91.46% of the company’s stock.

Several research analysts have recently commented on the company. Evercore ISI lowered Athene from an “outperform” rating to an “in-line” rating and set a $50.00 target price for the company. in a research report on Friday, January 8th. They noted that the move was a valuation call. JPMorgan Chase & Co. lowered Athene from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $57.00 to $54.00 in a research report on Monday, April 5th. Morgan Stanley raised their price target on Athene from $53.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, April 1st. Royal Bank of Canada lifted their price target on Athene from $48.00 to $55.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 6th. Finally, Barclays lifted their target price on Athene from $48.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, February 18th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $52.73.

ATH opened at $54.14 on Friday. The stock has a market cap of $10.37 billion, a price-to-earnings ratio of 13.67 and a beta of 1.61. Athene Holding Ltd. has a 1 year low of $21.51 and a 1 year high of $55.39. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.09. The stock has a fifty day moving average price of $49.74 and a 200 day moving average price of $43.29.

Athene (NYSE:ATH) last released its quarterly earnings data on Tuesday, February 16th. The insurance provider reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.25 by $0.60. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.47 billion. As a group, sell-side analysts forecast that Athene Holding Ltd. will post 5.29 earnings per share for the current fiscal year.

About Athene

Athene Holding Ltd. is engages in the provision of retirement services. The firm issues, reinsures and acquires retirement savings products and institutional products. It operates through following segments: Retirement Services, and Corporate and Other. The Retirement Services segment is comprised of US and Bermuda operations, which issue and reinsure retirement savings products and institutional products.

Read More: Why are trading ranges significant?

Want to see what other hedge funds are holding ATH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Athene Holding Ltd. (NYSE:ATH).

Institutional Ownership by Quarter for Athene (NYSE:ATH)

Receive News & Ratings for Athene Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Athene and related companies with MarketBeat.com's FREE daily email newsletter.