XL Group Investments Ltd Invests $985,000 in Athene Holding Ltd. (ATH)

XL Group Investments Ltd acquired a new position in shares of Athene Holding Ltd. (NYSE:ATH) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,289 shares of the insurance provider’s stock, valued at approximately $985,000. Athene makes up about 0.3% of XL Group Investments Ltd’s investment portfolio, making the stock its 13th biggest position.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Athene by 26.2% in the 2nd quarter. Vanguard Group Inc. now owns 7,938,480 shares of the insurance provider’s stock valued at $393,827,000 after acquiring an additional 1,648,981 shares in the last quarter. CI Global Investments Inc. lifted its position in Athene by 3.7% in the 3rd quarter. CI Global Investments Inc. now owns 7,036,310 shares of the insurance provider’s stock valued at $378,835,000 after acquiring an additional 250,111 shares in the last quarter. Neuberger Berman Group LLC lifted its position in Athene by 46.7% in the 2nd quarter. Neuberger Berman Group LLC now owns 6,067,906 shares of the insurance provider’s stock valued at $301,029,000 after acquiring an additional 1,932,900 shares in the last quarter. BlackRock Inc. lifted its position in Athene by 164.7% in the 2nd quarter. BlackRock Inc. now owns 5,112,966 shares of the insurance provider’s stock valued at $253,652,000 after acquiring an additional 3,181,535 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Athene by 38.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,699,724 shares of the insurance provider’s stock valued at $133,933,000 after acquiring an additional 750,050 shares in the last quarter. 48.99% of the stock is currently owned by institutional investors.

Shares of Athene Holding Ltd. (NYSE:ATH) opened at $48.95 on Monday. Athene Holding Ltd. has a one year low of $43.25 and a one year high of $55.22. The stock has a market cap of $9,790.00 and a P/E ratio of 9.08.

Athene (NYSE:ATH) last issued its quarterly earnings results on Monday, November 6th. The insurance provider reported $1.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.06. Athene had a net margin of 22.66% and a return on equity of 13.31%. The company had revenue of $863.00 million during the quarter, compared to analyst estimates of $852.85 million. analysts forecast that Athene Holding Ltd. will post 5.17 earnings per share for the current year.

Several equities analysts recently weighed in on the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $62.00 price target on shares of Athene in a research report on Friday, August 11th. Sandler O’Neill raised shares of Athene from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Royal Bank Of Canada lifted their target price on shares of Athene from $59.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday, August 11th. Keefe, Bruyette & Woods set a $59.00 target price on shares of Athene and gave the stock a “buy” rating in a research report on Friday, August 11th. Finally, Zacks Investment Research cut shares of Athene from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Athene currently has an average rating of “Buy” and an average target price of $59.79.

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About Athene

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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Institutional Ownership by Quarter for Athene (NYSE:ATH)

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