Acadian Asset Management LLC Raises Stake in Athene Holding Ltd. (ATH)

Acadian Asset Management LLC raised its stake in Athene Holding Ltd. (NYSE:ATH) by 359,049.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 190,349 shares of the insurance provider’s stock after buying an additional 190,296 shares during the period. Acadian Asset Management LLC owned about 0.09% of Athene Holding worth $9,443,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. CI Global Investments Inc. boosted its position in shares of Athene Holding by 40.3% in the first quarter. CI Global Investments Inc. now owns 6,325,373 shares of the insurance provider’s stock valued at $316,205,000 after buying an additional 1,816,836 shares in the last quarter. Three Peaks Capital Management LLC acquired a new position in shares of Athene Holding during the first quarter valued at about $9,516,000. FSI Group LLC boosted its position in shares of Athene Holding by 76.9% in the first quarter. FSI Group LLC now owns 138,000 shares of the insurance provider’s stock valued at $6,899,000 after buying an additional 60,000 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Athene Holding by 69.9% in the first quarter. Bank of New York Mellon Corp now owns 1,949,674 shares of the insurance provider’s stock valued at $97,464,000 after buying an additional 802,093 shares in the last quarter. Finally, Henderson Group PLC acquired a new position in shares of Athene Holding during the first quarter valued at about $12,498,000. 40.11% of the stock is currently owned by institutional investors.

Athene Holding Ltd. (NYSE:ATH) traded down 0.73% during mid-day trading on Friday, hitting $51.66. 496,497 shares of the company traded hands. The company’s 50-day moving average price is $50.46 and its 200 day moving average price is $50.98. Athene Holding Ltd. has a one year low of $43.25 and a one year high of $55.10. The company has a market capitalization of $10.35 billion and a price-to-earnings ratio of 8.19.

Athene Holding (NYSE:ATH) last issued its quarterly earnings results on Wednesday, August 9th. The insurance provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.37. The business had revenue of $821 million for the quarter, compared to the consensus estimate of $810.07 million. On average, analysts anticipate that Athene Holding Ltd. will post $5.11 earnings per share for the current fiscal year.

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Several equities analysts have recently issued reports on the stock. BMO Capital Markets reaffirmed a “neutral” rating and issued a $54.00 price objective on shares of Athene Holding in a research note on Friday, May 12th. Deutsche Bank AG reissued a “hold” rating and issued a $59.00 target price (up from $58.00) on shares of Athene Holding in a research report on Monday, May 15th. 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 research report on Monday, May 15th. Zacks Investment Research raised shares of Athene Holding from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Tuesday, May 16th. Finally, Keefe, Bruyette & Woods set a $59.00 target price on shares of Athene Holding and gave the stock a “buy” rating in a research report on Friday, August 11th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $57.50.

In other news, major shareholder Apollo Management Holdings Gp, sold 7,602,830 shares of the 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.60% of the stock is owned by company 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.

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

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