First Trust Advisors LP increased its position in shares of Athene Holding Ltd. (NYSE:ATH) by 81.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,035 shares of the insurance provider’s stock after purchasing an additional 66,050 shares during the period. First Trust Advisors LP owned 0.07% of Athene Holding worth $7,916,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB acquired a new position in shares of Athene Holding during the second quarter worth $120,000. LS Investment Advisors LLC purchased a new stake in Athene Holding in the second quarter valued at $144,000. Daiwa Securities Group Inc. purchased a new stake in Athene Holding in the second quarter valued at $149,000. North Star Investment Management Corp. purchased a new stake in Athene Holding in the second quarter valued at $188,000. Finally, Aperio Group LLC purchased a new stake in Athene Holding in the second quarter valued at $209,000. Hedge funds and other institutional investors own 48.91% of the company’s stock.
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Shares of Athene Holding Ltd. (ATH) opened at $48.22 on Monday. The company has a market cap of $9,641.73 and a P/E ratio of 8.95. Athene Holding Ltd. has a 1 year low of $43.25 and a 1 year high of $55.22.
Athene Holding (NYSE:ATH) last released its quarterly earnings results on Monday, November 6th. The insurance provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.12 by $0.06. The business had revenue of $863.00 million for the quarter, compared to analyst estimates of $852.85 million. Athene Holding had a net margin of 22.66% and a return on equity of 13.31%. research analysts expect that Athene Holding Ltd. will post 5.17 EPS for the current fiscal year.
ATH has been the subject of a number of research reports. Wells Fargo & Company raised shares of Athene Holding to a “buy” rating in a report on Wednesday, August 9th. BMO Capital Markets reaffirmed a “hold” rating and issued a $62.00 target price on shares of Athene Holding in a report on Friday, August 11th. Royal Bank Of Canada upped their target price on shares of Athene Holding from $59.00 to $66.00 and gave the company an “outperform” rating in a report on Friday, August 11th. Sandler O’Neill raised shares of Athene Holding from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Finally, Zacks Investment Research cut shares of Athene Holding from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Athene Holding presently has an average rating of “Buy” and an average target price of $59.79.
Athene Holding 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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