Gillson Capital LP cut its position in Athene Holding Ltd (NYSE:ATH) by 2.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 377,052 shares of the insurance provider’s stock after selling 7,504 shares during the period. Athene makes up about 3.3% of Gillson Capital LP’s investment portfolio, making the stock its 13th largest holding. Gillson Capital LP owned about 0.19% of Athene worth $19,497,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. CI Global Investments Inc. grew its stake in shares of Athene by 26.6% in the fourth quarter. CI Global Investments Inc. now owns 8,907,931 shares of the insurance provider’s stock worth $460,629,000 after acquiring an additional 1,871,621 shares during the period. Neuberger Berman Group LLC grew its stake in shares of Athene by 2.3% in the third quarter. Neuberger Berman Group LLC now owns 6,207,101 shares of the insurance provider’s stock worth $334,190,000 after acquiring an additional 139,195 shares during the period. California Public Employees Retirement System grew its stake in shares of Athene by 1.4% in the fourth quarter. California Public Employees Retirement System now owns 2,572,685 shares of the insurance provider’s stock worth $268,739,000 after acquiring an additional 35,113 shares during the period. Schroder Investment Management Group grew its stake in shares of Athene by 231.4% in the fourth quarter. Schroder Investment Management Group now owns 2,392,463 shares of the insurance provider’s stock worth $123,714,000 after acquiring an additional 1,670,445 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of Athene by 4.0% in the fourth quarter. Victory Capital Management Inc. now owns 2,278,104 shares of the insurance provider’s stock worth $117,801,000 after acquiring an additional 88,100 shares during the period. 50.50% of the stock is owned by institutional investors and hedge funds.
In other Athene news, Director Manfred Puffer sold 10,000 shares of Athene stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $52.92, for a total transaction of $529,200.00. Following the transaction, the director now owns 55,728 shares of the company’s stock, valued at $2,949,125.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 10.60% of the stock is owned by insiders.
Shares of Athene Holding Ltd (ATH) traded down $1.39 during trading hours on Wednesday, reaching $50.10. 1,730,967 shares of the company’s stock traded hands, compared to its average volume of 1,683,919. Athene Holding Ltd has a twelve month low of $45.15 and a twelve month high of $55.22. The stock has a market capitalization of $10,100.00 and a P/E ratio of 6.76.
Athene (NYSE:ATH) last issued its quarterly earnings results on Wednesday, February 21st. The insurance provider reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.46. Athene had a net margin of 16.47% and a return on equity of 12.97%. The business had revenue of $861.00 million for the quarter, compared to the consensus estimate of $884.38 million. During the same quarter in the previous year, the firm earned $1.80 earnings per share. analysts anticipate that Athene Holding Ltd will post 5.22 earnings per share for the current fiscal year.
A number of analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Athene from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Wednesday, March 7th. BMO Capital Markets restated a “hold” rating and set a $61.00 target price on shares of Athene in a research report on Friday, December 22nd. Wells Fargo & Co restated a “buy” rating and set a $63.00 target price on shares of Athene in a research report on Friday, December 22nd. Evercore ISI restated a “buy” rating and set a $68.00 target price on shares of Athene in a research report on Thursday, December 21st. Finally, Citigroup cut their target price on shares of Athene from $58.00 to $54.00 and set a “neutral” rating for the company in a research report on Monday, February 26th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Athene currently has an average rating of “Buy” and a consensus price target of $61.92.
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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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