Loews Corp held its position in shares of Athene Holding Ltd. (NYSE:ATH) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,500 shares of the insurance provider’s stock at the close of the second quarter. Loews Corp’s holdings in Athene Holding were worth $223,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Schroder Investment Management Group purchased a new position in shares of Athene Holding during the first quarter valued at approximately $36,993,000. Xact Kapitalforvaltning AB purchased a new position in Athene Holding in the 2nd quarter worth approximately $420,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new position in Athene Holding in the 2nd quarter worth approximately $760,000. State of Wisconsin Investment Board raised its holdings in Athene Holding by 1,331.7% in the 2nd quarter. State of Wisconsin Investment Board now owns 77,740 shares of the insurance provider’s stock worth $3,857,000 after acquiring an additional 72,310 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new position in Athene Holding in the 1st quarter worth approximately $6,049,000. Hedge funds and other institutional investors own 47.52% of the company’s stock.
Shares of Athene Holding Ltd. (NYSE ATH) traded down 0.13% during midday trading on Friday, reaching $53.12. 4,335,818 shares of the company’s stock were exchanged. Athene Holding Ltd. has a one year low of $43.25 and a one year high of $53.98. The firm has a market cap of $10.63 billion and a PE ratio of 8.59. The stock’s 50-day moving average is $52.88 and its 200 day moving average is $52.54.
Athene Holding (NYSE:ATH) last announced its earnings results on Wednesday, August 9th. The insurance provider reported $1.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.37. The firm had revenue of $821.00 million during the quarter, compared to analyst estimates of $810.07 million. Analysts anticipate that Athene Holding Ltd. will post $5.11 EPS for the current year.
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ATH has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Athene Holding from a “buy” rating to a “hold” rating in a report on Monday, June 5th. Credit Suisse Group upgraded shares of Athene Holding from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $55.00 to $66.00 in a report on Monday, June 19th. Wells Fargo & Company upgraded shares of Athene Holding to a “buy” rating in a report on Wednesday, August 9th. BMO Capital Markets restated a “hold” rating and issued a $62.00 price objective on shares of Athene Holding in a report on Friday, August 11th. Finally, Royal Bank Of Canada boosted 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, August 11th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $57.50.
Athene Holding Profile
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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