Athene Holding Ltd. (ATH) Shares Bought by Legal & General Group Plc
Legal & General Group Plc lifted its holdings in shares of Athene Holding Ltd. (NYSE:ATH) by 16.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 162,544 shares of the insurance provider’s stock after buying an additional 22,940 shares during the quarter. Legal & General Group Plc owned approximately 0.08% of Athene worth $8,748,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in ATH. Nordea Investment Management AB purchased a new stake in shares of Athene during the second quarter worth approximately $120,000. Daiwa Securities Group Inc. purchased a new stake in shares of Athene during the second quarter worth approximately $149,000. Public Employees Retirement Association of Colorado increased its position in shares of Athene by 147.0% during the third quarter. Public Employees Retirement Association of Colorado now owns 3,379 shares of the insurance provider’s stock worth $182,000 after purchasing an additional 2,011 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in shares of Athene during the third quarter worth approximately $200,000. Finally, Aperio Group LLC purchased a new stake in shares of Athene during the second quarter worth approximately $209,000. 48.41% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently commented on ATH. Scotiabank reiterated a “hold” rating on shares of Athene in a research report on Monday, December 4th. Royal Bank of Canada restated a “buy” rating on shares of Athene in a report on Monday, September 25th. Goldman Sachs Group assumed coverage on Athene in a report on Wednesday, October 18th. They issued a “buy” rating and a $63.00 target price for the company. Zacks Investment Research upgraded Athene from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a report on Tuesday, October 10th. Finally, Wells Fargo & Company set a $60.00 target price on Athene and gave the company a “buy” rating in a report on Monday, December 4th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $59.80.
Shares of Athene Holding Ltd. (NYSE ATH) opened at $51.14 on Thursday. The stock has a market capitalization of $10,341.57 and a price-to-earnings ratio of 9.60. Athene Holding Ltd. has a twelve month low of $44.80 and a twelve month high of $55.22.
Athene (NYSE:ATH) last released its quarterly earnings results on Monday, November 6th. The insurance provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. The business had revenue of $863.00 million during the quarter, compared to analysts’ expectations of $852.85 million. Athene had a return on equity of 13.31% and a net margin of 22.66%. analysts forecast that Athene Holding Ltd. will post 5.17 EPS for the current year.
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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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