Rhumbline Advisers bought a new position in shares of Athene Holding Ltd. (NYSE:ATH) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 38,119 shares of the insurance provider’s stock, valued at approximately $1,891,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of ATH. Schroder Investment Management Group acquired a new position in shares of Athene Holding during the first quarter worth $36,993,000. Xact Kapitalforvaltning AB acquired a new position in shares of Athene Holding during the second quarter worth $420,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in shares of Athene Holding during the second quarter worth $760,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Athene Holding during the first quarter worth $6,049,000. Finally, BlackRock Inc. acquired a new position in shares of Athene Holding during the first quarter worth $96,552,000. 47.52% of the stock is currently owned by hedge funds and other institutional investors.
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ATH has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Athene Holding from a “buy” rating to a “hold” rating in a report on Monday, June 5th. Credit Suisse Group upgraded shares of Athene Holding from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $55.00 to $66.00 in a report on Monday, June 19th. Wells Fargo & Company upgraded shares of Athene Holding to a “buy” rating in a report on Wednesday, August 9th. BMO Capital Markets reiterated a “hold” rating and set a $62.00 price target on shares of Athene Holding in a report on Friday, August 11th. Finally, Royal Bank Of Canada lifted their price target on shares of Athene Holding from $59.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday, August 11th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $57.50.
Athene Holding Ltd. (NYSE:ATH) opened at 53.12 on Friday. The company has a 50-day moving average of $52.88 and a 200 day moving average of $52.54. Athene Holding Ltd. has a 12-month low of $43.25 and a 12-month high of $53.98. The firm has a market cap of $10.63 billion and a price-to-earnings ratio of 8.59.
Athene Holding (NYSE:ATH) last announced its quarterly 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 firm had revenue of $821.00 million during the quarter, compared to the consensus estimate of $810.07 million. Equities analysts expect that Athene Holding Ltd. will post $5.11 EPS for the current fiscal 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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