Levin Capital Strategies L.P. Raises Stake in Athene Holding Ltd (ATH)

Levin Capital Strategies L.P. raised its stake in shares of Athene Holding Ltd (NYSE:ATH) by 24.5% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,785,096 shares of the insurance provider’s stock after buying an additional 351,100 shares during the period. Athene Holding comprises 1.6% of Levin Capital Strategies L.P.’s portfolio, making the stock its 22nd largest position. Levin Capital Strategies L.P.’s holdings in Athene Holding were worth $89,237,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of ATH. Serengeti Asset Management LP acquired a new position in Athene Holding during the fourth quarter valued at about $64,602,000. Raiff Partners Inc. acquired a new position in Athene Holding during the fourth quarter valued at about $1,680,000. Russell Investments Group Ltd. acquired a new position in Athene Holding during the fourth quarter valued at about $11,005,000. Henderson Group PLC acquired a new position in Athene Holding during the first quarter valued at about $12,498,000. Finally, Meridian Wealth Management LLC acquired a new position in Athene Holding during the fourth quarter valued at about $348,000. 17.16% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Athene Holding (NYSE:ATH)

Shares of Athene Holding Ltd (NYSE:ATH) traded up 0.51% during midday trading on Friday, reaching $51.12. The company had a trading volume of 1,413,212 shares. Athene Holding Ltd has a 1-year low of $43.25 and a 1-year high of $55.10. The stock has a market capitalization of $10.25 billion and a price-to-earnings ratio of 9.39. The firm’s 50 day moving average price is $52.72 and its 200-day moving average price is $50.13.

Athene Holding (NYSE:ATH) last issued its earnings results on Wednesday, May 10th. The insurance provider reported $1.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.34. The firm had revenue of $786 million for the quarter, compared to the consensus estimate of $785.94 million. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period last year, the firm earned $0.82 earnings per share. Equities research analysts expect that Athene Holding Ltd will post $4.65 EPS for the current fiscal year.

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Several equities analysts have recently issued reports on ATH shares. JPMorgan Chase & Co. started coverage on Athene Holding in a research note on Friday, January 27th. They set a “neutral” rating and a $46.00 target price on the stock. Sandler O’Neill started coverage on Athene Holding in a research note on Friday, January 20th. They set a “hold” rating on the stock. Barclays PLC reissued a “buy” rating on shares of Athene Holding in a research note on Monday, February 20th. Royal Bank of Canada boosted their target price on Athene Holding from $54.00 to $57.00 and gave the company an “outperform” rating in a research note on Friday, March 17th. Finally, Deutsche Bank AG reduced their target price on Athene Holding from $59.00 to $58.00 and set a “hold” rating on the stock in a research note on Wednesday, April 19th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $55.62.

In other Athene Holding news, major shareholder Apollo Management Holdings Gp, sold 12,532,624 shares of Athene Holding stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $48.50, for a total transaction of $607,832,264.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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.

12 Month Chart for NYSE:ATH

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