Morgan Stanley increased its position in shares of Athene Holding Ltd. (NYSE:ATH) by 16,685.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 415,611 shares of the insurance provider’s stock after buying an additional 413,135 shares during the period. Morgan Stanley’s holdings in Athene Holding were worth $20,776,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in ATH. Bronfman E.L. Rothschild L.P. acquired a new stake in Athene Holding during the first quarter worth approximately $117,000. Quantbot Technologies LP acquired a new stake in Athene Holding during the first quarter worth approximately $126,000. Loews Corp acquired a new stake in Athene Holding during the first quarter worth approximately $225,000. Pitcairn Co. acquired a new stake in Athene Holding during the first quarter worth approximately $233,000. Finally, State of Wisconsin Investment Board acquired a new stake in Athene Holding during the first quarter worth approximately $271,000. Institutional investors and hedge funds own 37.63% of the company’s stock.
Shares of Athene Holding Ltd. (NYSE ATH) traded down 0.66% during mid-day trading on Friday, hitting $50.03. The company had a trading volume of 357,485 shares. The company has a 50-day moving average price of $49.60 and a 200-day moving average price of $50.39. The company has a market capitalization of $10.03 billion and a price-to-earnings ratio of 9.19. Athene Holding Ltd. has a 1-year low of $43.25 and a 1-year high of $55.10.
Athene Holding (NYSE:ATH) last issued its earnings results on Wednesday, May 10th. The insurance provider reported $1.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.34. The firm had revenue of $786 million during the quarter, compared to analysts’ expectations of $785.94 million. The business’s revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the business earned $0.82 EPS. On average, equities analysts anticipate that Athene Holding Ltd. will post $4.64 EPS for the current year.
A number of analysts have commented on ATH shares. Zacks Investment Research raised Athene Holding from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a report on Tuesday, March 28th. Keefe, Bruyette & Woods raised Athene Holding from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $56.00 to $58.00 in a report on Monday, April 3rd. Morgan Stanley raised Athene Holding from an “equal weight” rating to an “overweight” rating and set a $58.00 target price for the company in a report on Monday, April 3rd. Deutsche Bank AG reduced their target price on Athene Holding from $59.00 to $58.00 and set a “hold” rating for the company in a report on Wednesday, April 19th. Finally, BMO Capital Markets reissued a “neutral” rating and issued a $54.00 target price on shares of Athene Holding in a report on Friday, May 12th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $56.21.
In related news, major shareholder Apollo Management Holdings Gp, sold 7,602,830 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $49.00, for a total value of $372,538,670.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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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