Henderson Group PLC Acquires New Stake in Athene Holding Ltd (ATH)

Henderson Group PLC bought a new stake in Athene Holding Ltd (NYSE:ATH) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 250,000 shares of the insurance provider’s stock, valued at approximately $12,498,000. Henderson Group PLC owned about 0.12% of Athene Holding as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Boston Partners boosted its stake in shares of Athene Holding by 32.3% in the first quarter. Boston Partners now owns 63,096 shares of the insurance provider’s stock valued at $3,154,000 after buying an additional 15,400 shares during the last quarter. Opera Trading Capital purchased a new position in Athene Holding during the first quarter valued at about $647,000. First Trust Advisors LP purchased a new position in Athene Holding during the first quarter valued at about $2,626,000. Wells Fargo & Company MN boosted its position in Athene Holding by 1,129.0% in the first quarter. Wells Fargo & Company MN now owns 97,486 shares of the insurance provider’s stock valued at $4,874,000 after buying an additional 89,554 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in Athene Holding by 51.1% in the first quarter. Russell Investments Group Ltd. now owns 352,895 shares of the insurance provider’s stock valued at $17,637,000 after buying an additional 119,292 shares in the last quarter. Institutional investors own 17.16% of the company’s stock.

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

Athene Holding Ltd (NYSE:ATH) opened at 49.14 on Monday. Athene Holding Ltd has a 12-month low of $43.25 and a 12-month high of $55.10. The company has a market capitalization of $9.85 billion and a P/E ratio of 9.03. The company’s 50 day moving average price is $52.54 and its 200-day moving average price is $50.11.

Athene Holding (NYSE:ATH) last announced its quarterly earnings data on Wednesday, May 10th. The insurance provider reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.34. The firm had revenue of $786 million during the quarter, compared to analysts’ expectations of $785.94 million. During the same quarter in the previous year, the firm earned $0.82 earnings per share. Athene Holding’s revenue was up 13.6% on a year-over-year basis. Equities analysts forecast that Athene Holding Ltd will post $4.65 earnings per share for the current fiscal year.

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Several equities analysts recently issued reports on ATH shares. Deutsche Bank AG reiterated a “hold” rating and issued a $59.00 price target (up previously from $58.00) on shares of Athene Holding in a report on Monday, May 15th. Barclays PLC reissued a “buy” rating on shares of Athene Holding in a research note on Monday, February 20th. Morgan Stanley raised Athene Holding from an “equal weight” rating to an “overweight” rating and set a $58.00 target price on the stock in a research note on Monday, April 3rd. Bank of America Corp reissued a “buy” rating and issued a $63.00 target price (up previously from $61.00) on shares of Athene Holding in a research note on Monday, May 15th. Finally, BMO Capital Markets reissued a “neutral” rating and issued a $54.00 target price on shares of Athene Holding in a research note on Friday, May 12th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $55.62.

In other Athene Holding news, major shareholder Apollo Management Holdings Gp, sold 12,532,624 shares of the business’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $48.50, for a total transaction of $607,832,264.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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.

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