Toronto Dominion Bank Buys 3,199 Shares of Athene Holding Ltd. (ATH)
Toronto Dominion Bank increased its stake in shares of Athene Holding Ltd. (NYSE:ATH) by 243.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,512 shares of the insurance provider’s stock after purchasing an additional 3,199 shares during the quarter. Toronto Dominion Bank’s holdings in Athene were worth $243,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Nordea Investment Management AB acquired a new stake in shares of Athene during the second quarter worth $120,000. LS Investment Advisors LLC acquired a new stake in shares of Athene during the second quarter worth $144,000. Daiwa Securities Group Inc. acquired a new stake in shares of Athene during the second quarter worth $149,000. Public Employees Retirement Association of Colorado lifted its holdings in Athene by 147.0% in the third quarter. Public Employees Retirement Association of Colorado now owns 3,379 shares of the insurance provider’s stock valued at $182,000 after acquiring an additional 2,011 shares during the period. Finally, CIBC Asset Management Inc acquired a new stake in Athene in the third quarter valued at $200,000. 48.99% of the stock is owned by hedge funds and other institutional investors.
Shares of Athene Holding Ltd. (ATH) opened at $48.95 on Friday. The company has a market capitalization of $9,787.70 and a PE ratio of 9.08. Athene Holding Ltd. has a fifty-two week low of $43.25 and a fifty-two week high of $55.22.
Athene (NYSE:ATH) last posted 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 company 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 earnings per share for the current year.
ATH has been the subject of a number of recent analyst reports. Wells Fargo & Company reissued a “buy” rating on shares of Athene in a report on Wednesday, November 1st. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $63.00 target price on shares of Athene in a report on Friday, November 3rd. UBS AG raised their target price on Athene from $63.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, November 6th. Canaccord Genuity reissued a “buy” rating on shares of Athene in a report on Friday, November 3rd. Finally, Zacks Investment Research cut Athene from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Athene currently has an average rating of “Buy” and a consensus target price of $59.79.
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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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