Bronfman E.L. Rothschild L.P. bought a new position in Athene Holding Ltd (NYSE:ATH) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,346 shares of the insurance provider’s stock, valued at approximately $117,000.
Several other large investors have also recently bought and sold shares of the company. Temasek Holdings Private Ltd purchased a new stake in Athene Holding during the fourth quarter worth approximately $110,986,000. Norges Bank purchased a new stake in Athene Holding during the fourth quarter worth approximately $95,981,000. CI Global Investments Inc. increased its stake in Athene Holding by 40.3% in the first quarter. CI Global Investments Inc. now owns 6,325,373 shares of the insurance provider’s stock worth $316,205,000 after buying an additional 1,816,836 shares in the last quarter. Franklin Resources Inc. purchased a new stake in Athene Holding during the fourth quarter worth approximately $81,573,000. Finally, Levin Capital Strategies L.P. purchased a new stake in Athene Holding during the fourth quarter worth approximately $68,817,000. Institutional investors own 17.16% of the company’s stock.
Athene Holding Ltd (NYSE:ATH) traded up 0.51% on Friday, hitting $51.12. The stock had a trading volume of 1,413,212 shares. The firm’s 50 day moving average price is $52.68 and its 200-day moving average price is $50.12. Athene Holding Ltd has a 12 month low of $43.25 and a 12 month high of $55.10. The stock has a market cap of $10.25 billion and a PE ratio of 9.39.
Athene Holding (NYSE:ATH) last released its quarterly earnings results on Wednesday, May 10th. The insurance provider reported $1.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.34. The firm had revenue of $786 million for the quarter, compared to analysts’ expectations of $785.94 million. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 EPS. On average, analysts forecast that Athene Holding Ltd will post $4.65 EPS for the current year.
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Several equities research analysts have weighed in on ATH shares. Deutsche Bank AG reissued a “hold” rating and set a $59.00 price objective (up from $58.00) on shares of Athene Holding in a research note on Monday. Barclays PLC reissued a “buy” rating on shares of Athene Holding in a research note on Monday, February 20th. Sandler O’Neill started coverage on Athene Holding in a research note on Friday, January 20th. They set a “hold” rating on the stock. Morgan Stanley raised Athene Holding from an “equal weight” rating to an “overweight” rating and set a $58.00 price objective on the stock in a research note on Monday, April 3rd. Finally, Bank of America Corp reissued a “buy” rating and set a $63.00 price objective (up from $61.00) on shares of Athene Holding in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $55.62.
In other news, major shareholder Apollo Management Holdings Gp, sold 12,532,624 shares of Athene Holding stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $48.50, for a total transaction of $607,832,264.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
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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