Wells Fargo & Company MN Boosts Position in Athene Holding Ltd. (ATH)
Wells Fargo & Company MN increased its holdings in shares of Athene Holding Ltd. (NYSE:ATH) by 418.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 505,016 shares of the insurance provider’s stock after purchasing an additional 407,530 shares during the quarter. Wells Fargo & Company MN owned 0.25% of Athene Holding worth $25,054,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of ATH. First Trust Advisors LP bought a new stake in Athene Holding during the 1st quarter worth approximately $2,626,000. Parametric Portfolio Associates LLC bought a new stake in Athene Holding during the 1st quarter worth approximately $1,034,000. State of Wisconsin Investment Board bought a new stake in Athene Holding during the 1st quarter worth approximately $271,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Athene Holding during the 1st quarter worth approximately $6,049,000. Finally, Quantbot Technologies LP bought a new stake in Athene Holding during the 1st quarter worth approximately $126,000. 47.49% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently issued reports on ATH. Keefe, Bruyette & Woods set a $59.00 target price on Athene Holding and gave the stock a “buy” rating in a research note on Friday, August 11th. Wells Fargo & Company raised shares of Athene Holding to a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research cut shares of Athene Holding from a “buy” rating to a “hold” rating in a research note on Monday, June 5th. Sandler O’Neill raised shares of Athene Holding from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Finally, Royal Bank Of Canada raised their price target 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. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $57.50.
Athene Holding Ltd. (NYSE:ATH) opened at 54.00 on Friday. Athene Holding Ltd. has a 52 week low of $43.25 and a 52 week high of $54.02. The stock’s 50 day moving average is $53.10 and its 200 day moving average is $53.10. The company has a market capitalization of $10.80 billion and a PE ratio of 8.73.
Athene Holding (NYSE:ATH) last issued its earnings results on Wednesday, August 9th. The insurance provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.37. The firm had revenue of $821.00 million for the quarter, compared to analyst estimates of $810.07 million. Analysts predict that Athene Holding Ltd. will post $5.11 EPS for the current fiscal year.
Athene Holding 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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