NGAM Advisors L.P. cut its stake in shares of Athene Holding Ltd. (NYSE:ATH) by 3.7% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 67,505 shares of the insurance provider’s stock after selling 2,570 shares during the period. NGAM Advisors L.P.’s holdings in Athene Holding were worth $3,349,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. purchased a new position in Athene Holding during the first quarter valued at approximately $117,000. Quantbot Technologies LP bought a new position in shares of Athene Holding during the first quarter worth about $126,000. LS Investment Advisors LLC bought a new position in shares of Athene Holding during the second quarter worth about $144,000. North Star Investment Management Corp. bought a new position in shares of Athene Holding during the second quarter worth about $188,000. Finally, Aperio Group LLC bought a new position in shares of Athene Holding during the second quarter worth about $209,000. 37.91% of the stock is owned by hedge funds and other institutional investors.

Shares of Athene Holding Ltd. (ATH) opened at 49.36 on Thursday. The firm has a market capitalization of $9.89 billion and a PE ratio of 9.07. The company’s 50-day moving average price is $49.94 and its 200-day moving average price is $50.72. Athene Holding Ltd. has a 12-month low of $43.25 and a 12-month high of $55.10.

Athene Holding (NYSE:ATH) last issued its quarterly earnings results on Wednesday, August 9th. The insurance provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.37. Analysts anticipate that Athene Holding Ltd. will post $4.64 EPS for the current year.

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A number of equities analysts have recently issued reports on ATH shares. Deutsche Bank AG dropped their target price on Athene Holding from $59.00 to $58.00 and set a “hold” rating for the company in a report on Wednesday, April 19th. Bank of America Corporation reissued a “buy” rating and issued a $63.00 target price (up from $61.00) on shares of Athene Holding in a report on Monday, May 15th. Credit Suisse Group raised Athene Holding from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $55.00 to $66.00 in a report on Monday, June 19th. Zacks Investment Research raised Athene Holding from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a report on Tuesday, July 11th. Finally, BMO Capital Markets reissued a “neutral” rating and issued a $54.00 target price on shares of Athene Holding in a report on Friday, May 12th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Athene Holding has an average rating of “Buy” and an average price target of $56.21.

In related news, major shareholder Apollo Management Holdings Gp, sold 7,602,830 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $49.00, for a total value of $372,538,670.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 10.60% of the company’s stock.

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.

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

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