198,870 Shares in Athene Holding Ltd. (ATH) Acquired by Mendon Capital Advisors Corp

Mendon Capital Advisors Corp purchased a new stake in Athene Holding Ltd. (NYSE:ATH) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 198,870 shares of the insurance provider’s stock, valued at approximately $9,942,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ATH. Bronfman E.L. Rothschild L.P. acquired a new position in Athene Holding during the first quarter valued at about $117,000. Quantbot Technologies LP acquired a new position in Athene Holding during the first quarter valued at about $126,000. Loews Corp acquired a new position in Athene Holding during the first quarter valued at about $225,000. Pitcairn Co. acquired a new position in Athene Holding during the first quarter valued at about $233,000. Finally, State of Wisconsin Investment Board acquired a new position in Athene Holding during the first quarter valued at about $271,000. Hedge funds and other institutional investors own 38.81% of the company’s stock.

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

Shares of Athene Holding Ltd. (NYSE ATH) traded up 2.97% during mid-day trading on Monday, reaching $50.32. 2,806,202 shares of the company’s stock were exchanged. The company has a market cap of $10.09 billion and a PE ratio of 9.24. The company’s 50-day moving average price is $51.11 and its 200 day moving average price is $50.03. Athene Holding Ltd. has a 52-week low of $43.25 and a 52-week high of $55.10.

Athene Holding (NYSE:ATH) last posted its earnings results on Wednesday, May 10th. The insurance provider reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.34. The firm had revenue of $786 million during the quarter, compared to the consensus estimate of $785.94 million. During the same quarter in the previous year, the company earned $0.82 EPS. The business’s revenue was up 13.6% compared to the same quarter last year. On average, equities research analysts predict that Athene Holding Ltd. will post $4.64 EPS for the current year.

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Several research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Athene Holding from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Tuesday, May 16th. Keefe, Bruyette & Woods upgraded shares of Athene Holding from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $56.00 to $58.00 in a research report on Monday, April 3rd. Credit Suisse Group upgraded shares of Athene Holding from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $55.00 to $66.00 in a research report on Monday. Royal Bank Of Canada lifted their price objective on shares of Athene Holding from $54.00 to $57.00 and gave the stock an “outperform” rating in a research report on Friday, March 17th. Finally, Bank of America Corporation reissued a “buy” rating and set a $63.00 target price (up previously from $61.00) on shares of Athene Holding in a research note on Monday, May 15th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $56.85.

In other news, major shareholder Apollo Management Holdings Gp, sold 7,602,830 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $49.00, for a total value of $372,538,670.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 10.60% of the company’s stock.

Athene Holding Company 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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