Rational Advisors LLC bought a new position in shares of Athene Holding Ltd. (NYSE:ATH) during the second quarter, Holdings Channel reports. The institutional investor bought 5,600 shares of the insurance provider’s stock, valued at approximately $278,000.

Several other institutional investors have also modified their holdings of the stock. Bronfman E.L. Rothschild L.P. purchased a new stake in Athene Holding during the first quarter worth $117,000. Quantbot Technologies LP purchased a new stake in Athene Holding during the first quarter worth $126,000. LS Investment Advisors LLC purchased a new stake in Athene Holding during the second quarter worth $144,000. Daiwa Securities Group Inc. purchased a new stake in Athene Holding during the second quarter worth $149,000. Finally, North Star Investment Management Corp. purchased a new stake in Athene Holding during the second quarter worth $188,000. 40.11% of the stock is currently owned by institutional investors and hedge funds.

Shares of Athene Holding Ltd. (NYSE ATH) opened at 52.97 on Tuesday. The company has a market capitalization of $10.61 billion and a P/E ratio of 8.39. The company has a 50-day moving average of $50.14 and a 200 day moving average of $50.88. Athene Holding Ltd. has a 12 month low of $43.25 and a 12 month high of $55.10.

Athene Holding (NYSE:ATH) last posted its earnings results on Wednesday, August 9th. The insurance provider reported $1.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.37. The firm had revenue of $821 million during the quarter, compared to the consensus estimate of $810.07 million. Analysts forecast that Athene Holding Ltd. will post $4.90 EPS for the current year.

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A number of equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods set a $59.00 price target on shares of Athene Holding and gave the company a “buy” rating in a report on Friday. Zacks Investment Research lowered shares of Athene Holding from a “buy” rating to a “hold” rating in a report on Friday. Sandler O’Neill raised shares of Athene Holding from a “hold” rating to a “buy” rating in a report on Friday. Royal Bank Of Canada raised their price objective on shares of Athene Holding from $59.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday. Finally, BMO Capital Markets reissued a “hold” rating and set a $62.00 price objective on shares of Athene Holding in a report on Friday. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $57.50.

In other news, major shareholder Apollo Management Holdings Gp, sold 7,602,830 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $49.00, for a total value of $372,538,670.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.60% of the stock is currently owned by corporate insiders.

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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