Invictus RG Takes $509,000 Position in Athene Holding Ltd. (ATH)

Invictus RG bought a new stake in shares of Athene Holding Ltd. (NYSE:ATH) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 9,454 shares of the insurance provider’s stock, valued at approximately $509,000.

Other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB acquired a new stake in shares of Athene in the 2nd quarter worth approximately $120,000. LS Investment Advisors LLC acquired a new stake in shares of Athene in the 2nd quarter worth approximately $144,000. Daiwa Securities Group Inc. acquired a new stake in shares of Athene in the 2nd quarter worth approximately $149,000. Public Employees Retirement Association of Colorado raised its holdings in shares of Athene by 147.0% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 3,379 shares of the insurance provider’s stock worth $182,000 after purchasing an additional 2,011 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new stake in shares of Athene in the 3rd quarter worth approximately $200,000. 48.41% of the stock is owned by hedge funds and other institutional investors.

Athene Holding Ltd. (NYSE ATH) opened at $46.69 on Tuesday. The firm has a market cap of $9,459.78 and a P/E ratio of 8.78. Athene Holding Ltd. has a 12 month low of $43.25 and a 12 month high of $55.22.

Athene (NYSE:ATH) last released its quarterly earnings data on Monday, November 6th. The insurance provider reported $1.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.06. The firm had revenue of $863.00 million for the quarter, compared to analyst estimates of $852.85 million. Athene had a net margin of 22.66% and a return on equity of 13.31%. equities research analysts expect that Athene Holding Ltd. will post 5.17 earnings per share for the current year.

A number of analysts recently commented on the stock. Zacks Investment Research upgraded shares of Athene from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a report on Tuesday, October 10th. Goldman Sachs Group assumed coverage on shares of Athene in a report on Wednesday, October 18th. They issued a “buy” rating and a $63.00 target price on the stock. Royal Bank Of Canada reiterated a “buy” rating on shares of Athene in a report on Monday, September 25th. Keefe, Bruyette & Woods set a $59.00 target price on shares of Athene and gave the stock a “buy” rating in a report on Friday, August 11th. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of Athene in a report on Wednesday, November 1st. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $59.80.

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

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