California Public Employees Retirement System Grows Stake in Athene Holding Ltd (ATH)

California Public Employees Retirement System grew its holdings in Athene Holding Ltd (NYSE:ATH) by 1.4% during the 4th quarter, Holdings Channel reports. The firm owned 2,572,685 shares of the insurance provider’s stock after buying an additional 35,113 shares during the period. California Public Employees Retirement System’s holdings in Athene were worth $268,739,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Prudential Financial Inc. grew its position in shares of Athene by 1.7% in the third quarter. Prudential Financial Inc. now owns 73,020 shares of the insurance provider’s stock valued at $3,931,000 after purchasing an additional 1,250 shares during the last quarter. LS Investment Advisors LLC boosted its position in Athene by 56.7% during the third quarter. LS Investment Advisors LLC now owns 4,561 shares of the insurance provider’s stock worth $246,000 after acquiring an additional 1,650 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Athene by 10.8% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 16,986 shares of the insurance provider’s stock worth $915,000 after acquiring an additional 1,658 shares during the last quarter. Aperio Group LLC boosted its position in Athene by 27.6% during the fourth quarter. Aperio Group LLC now owns 8,201 shares of the insurance provider’s stock worth $424,000 after acquiring an additional 1,774 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Athene by 11.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,976 shares of the insurance provider’s stock worth $1,022,000 after acquiring an additional 1,921 shares during the last quarter. Institutional investors and hedge funds own 49.31% of the company’s stock.

Athene Holding Ltd (NYSE:ATH) opened at $46.89 on Friday. The firm has a market cap of $9,604.43, a P/E ratio of 8.91, a price-to-earnings-growth ratio of 0.61 and a beta of -0.39. Athene Holding Ltd has a one year low of $45.15 and a one year high of $55.22.

Athene (NYSE:ATH) last posted its quarterly earnings results on Monday, November 6th. The insurance provider reported $1.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.06. The company had revenue of $863.00 million for the quarter, compared to the consensus estimate of $852.85 million. Athene had a net margin of 22.66% and a return on equity of 13.31%. analysts predict that Athene Holding Ltd will post 5.22 earnings per share for the current fiscal year.

ATH has been the topic of a number of analyst reports. Canaccord Genuity restated a “buy” rating on shares of Athene in a research report on Friday, November 3rd. Keefe, Bruyette & Woods restated a “buy” rating and set a $63.00 target price on shares of Athene in a research report on Friday, November 3rd. Wells Fargo & Co restated a “buy” rating on shares of Athene in a research report on Wednesday, November 1st. Goldman Sachs Group initiated coverage on shares of Athene in a research report on Wednesday, October 18th. They set a “buy” rating and a $63.00 target price on the stock. Finally, Evercore ISI restated a “buy” rating and set a $68.00 target price on shares of Athene in a research report on Thursday, December 21st. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Athene has an average rating of “Buy” and a consensus price target of $63.00.

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About Athene

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 (NYSE:ATH)

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