6,400 Shares in Athene Holding Ltd (ATH) Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue bought a new stake in Athene Holding Ltd (NYSE:ATH) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,400 shares of the insurance provider’s stock, valued at approximately $330,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Prudential Financial Inc. raised its position in shares of Athene by 1.7% in the third quarter. Prudential Financial Inc. now owns 73,020 shares of the insurance provider’s stock valued at $3,931,000 after buying an additional 1,250 shares during the last quarter. LS Investment Advisors LLC raised its position in shares of Athene by 56.7% in the third quarter. LS Investment Advisors LLC now owns 4,561 shares of the insurance provider’s stock valued at $246,000 after buying an additional 1,650 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Athene by 10.8% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 16,986 shares of the insurance provider’s stock valued at $915,000 after buying an additional 1,658 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Athene by 11.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,976 shares of the insurance provider’s stock valued at $1,022,000 after buying an additional 1,921 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado raised its position in shares of Athene by 147.0% in the third quarter. Public Employees Retirement Association of Colorado now owns 3,379 shares of the insurance provider’s stock valued at $182,000 after buying an additional 2,011 shares during the last quarter. Institutional investors and hedge funds own 49.31% of the company’s stock.

Shares of Athene Holding Ltd (NYSE:ATH) opened at $48.42 on Tuesday. Athene Holding Ltd has a 1-year low of $45.15 and a 1-year high of $55.22. The stock has a market cap of $10,064.16, a PE ratio of 7.13, a P/E/G ratio of 0.64 and a beta of -0.39.

Athene (NYSE:ATH) last announced its quarterly earnings data on Monday, November 6th. The insurance provider reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.06. Athene had a net margin of 22.66% and a return on equity of 13.31%. The firm had revenue of $863.00 million during the quarter, compared to analyst estimates of $852.85 million. analysts anticipate that Athene Holding Ltd will post 5.22 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on the stock. Wells Fargo & Co reiterated a “buy” rating and issued a $63.00 target price on shares of Athene in a research report on Friday, December 22nd. Evercore ISI reiterated a “buy” rating and issued a $68.00 target price on shares of Athene in a research report on Thursday, December 21st. Zacks Investment Research upgraded shares of Athene from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Tuesday, October 10th. UBS Group increased their target price on shares of Athene from $63.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, November 6th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $63.00 target price on shares of Athene in a research report on Friday, November 3rd. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Athene currently has a consensus rating of “Buy” and an average price target of $63.00.

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About Athene

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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Institutional Ownership by Quarter for Athene (NYSE:ATH)

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