Covey Capital Advisors LLC Invests $221,000 in Athene Holding Ltd. (ATH)

Covey Capital Advisors LLC bought a new position in Athene Holding Ltd. (NYSE:ATH) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,445 shares of the insurance provider’s stock, valued at approximately $221,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of ATH. Russell Investments Group Ltd. lifted its position in shares of Athene Holding by 51.1% in the first quarter. Russell Investments Group Ltd. now owns 352,895 shares of the insurance provider’s stock worth $17,637,000 after purchasing an additional 119,292 shares in the last quarter. Wells Fargo & Company MN raised its position in Athene Holding by 1,129.0% during the first quarter. Wells Fargo & Company MN now owns 97,486 shares of the insurance provider’s stock valued at $4,874,000 after acquiring an additional 89,554 shares in the last quarter. First Trust Advisors LP bought a new position in Athene Holding during the first quarter valued at approximately $2,626,000. Boston Partners raised its position in Athene Holding by 32.3% during the first quarter. Boston Partners now owns 63,096 shares of the insurance provider’s stock valued at $3,154,000 after acquiring an additional 15,400 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Athene Holding by 69.9% during 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 acquiring an additional 802,093 shares in the last quarter. 47.49% of the stock is owned by institutional investors and hedge funds.

ATH has been the topic of a number of recent analyst reports. Credit Suisse Group raised shares of Athene Holding from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $55.00 to $66.00 in a research report on Monday, June 19th. Keefe, Bruyette & Woods set a $59.00 price target on shares of Athene Holding and gave the company a “buy” rating in a research report on Friday, August 11th. Royal Bank Of Canada raised their price objective on shares of Athene Holding from $59.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, August 11th. Zacks Investment Research downgraded shares of Athene Holding from a “buy” rating to a “hold” rating in a research note on Monday, June 5th. Finally, Sandler O’Neill upgraded shares of Athene Holding from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $57.50.

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Shares of Athene Holding Ltd. (ATH) opened at 54.00 on Friday. The firm’s 50-day moving average price is $53.10 and its 200 day moving average price is $53.10. The company has a market capitalization of $10.80 billion and a PE ratio of 8.73. Athene Holding Ltd. has a one year low of $43.25 and a one year high of $54.02.

Athene Holding (NYSE:ATH) last posted its quarterly earnings data on Wednesday, August 9th. The insurance provider reported $1.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.37. The company had revenue of $821.00 million for the quarter, compared to the consensus estimate of $810.07 million. Analysts anticipate that Athene Holding Ltd. will post $5.11 earnings per share for the current year.

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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