Norges Bank bought a new stake in Athene Holding Ltd (NYSE:ATH) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,098,534 shares of the insurance provider’s stock, valued at approximately $83,584,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in ATH. Vanguard Group Inc. raised its position in shares of Athene by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 12,955,764 shares of the insurance provider’s stock valued at $669,296,000 after purchasing an additional 84,095 shares during the last quarter. Vanguard Group Inc grew its position in Athene by 0.7% during the 3rd quarter. Vanguard Group Inc now owns 12,955,764 shares of the insurance provider’s stock worth $669,296,000 after purchasing an additional 84,095 shares during the last quarter. BlackRock Inc. increased its stake in Athene by 2.0% during the 4th quarter. BlackRock Inc. now owns 8,996,678 shares of the insurance provider’s stock valued at $358,337,000 after purchasing an additional 179,620 shares in the last quarter. California Public Employees Retirement System increased its stake in Athene by 1.0% during the 4th quarter. California Public Employees Retirement System now owns 8,652,105 shares of the insurance provider’s stock valued at $374,845,000 after purchasing an additional 89,162 shares in the last quarter. Finally, CI Investments Inc. acquired a new position in Athene during the 4th quarter valued at approximately $285,245,000. Institutional investors own 72.58% of the company’s stock.
In related news, insider Frank Lauren Gillis sold 19,500 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $41.88, for a total transaction of $816,660.00. Following the completion of the transaction, the insider now directly owns 207,213 shares in the company, valued at $8,678,080.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.46% of the company’s stock.
Athene (NYSE:ATH) last released its quarterly earnings data on Monday, February 25th. The insurance provider reported $1.23 EPS for the quarter, beating the consensus estimate of $1.22 by $0.01. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.17 billion. Athene had a net margin of 16.31% and a return on equity of 13.41%. Analysts expect that Athene Holding Ltd will post 7.39 EPS for the current year.
ATH has been the subject of several research reports. Zacks Investment Research downgraded shares of Athene from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Wells Fargo & Co reissued a “buy” rating and set a $53.00 price objective on shares of Athene in a report on Tuesday, February 26th. BMO Capital Markets raised Athene from a “market perform” rating to an “outperform” rating and set a $44.17 target price on the stock in a research report on Wednesday, February 27th. TD Securities restated a “buy” rating on shares of Athene in a research note on Monday, January 7th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $63.00 price target on shares of Athene in a research report on Wednesday, January 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $56.52.
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Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products in the United States and Bermuda. It offers fixed deferred, immediate, and payout annuities; and funding agreements and pension risk transfer products to institutional investors. The company's products are designed for individuals and institutions seeking to fund retirement needs.
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