Athene Holding Ltd (ATH) Holdings Reduced by Gofen & Glossberg LLC IL

Gofen & Glossberg LLC IL lessened its position in Athene Holding Ltd (NYSE:ATH) by 5.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 187,112 shares of the insurance provider’s stock after selling 11,039 shares during the period. Gofen & Glossberg LLC IL owned approximately 0.09% of Athene worth $8,203,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of the business. Verition Fund Management LLC increased its stake in Athene by 19.6% in the fourth quarter. Verition Fund Management LLC now owns 7,036 shares of the insurance provider’s stock valued at $364,000 after purchasing an additional 1,151 shares in the last quarter. Amalgamated Bank increased its stake in Athene by 11.5% in the fourth quarter. Amalgamated Bank now owns 11,833 shares of the insurance provider’s stock valued at $612,000 after purchasing an additional 1,222 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Athene by 17.4% in the first quarter. PNC Financial Services Group Inc. now owns 10,236 shares of the insurance provider’s stock valued at $489,000 after purchasing an additional 1,517 shares in the last quarter. Quantitative Systematic Strategies LLC increased its stake in Athene by 24.7% in the first quarter. Quantitative Systematic Strategies LLC now owns 10,547 shares of the insurance provider’s stock valued at $504,000 after purchasing an additional 2,090 shares in the last quarter. Finally, Macquarie Group Ltd. increased its stake in Athene by 131.3% in the fourth quarter. Macquarie Group Ltd. now owns 3,700 shares of the insurance provider’s stock valued at $191,000 after purchasing an additional 2,100 shares in the last quarter. 63.17% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have commented on the stock. Credit Suisse Group began coverage on shares of Athene in a research note on Wednesday, April 25th. They issued an “outperform” rating and a $67.00 target price for the company. ValuEngine cut shares of Athene from a “buy” rating to a “hold” rating in a report on Friday, April 6th. Morgan Stanley reduced their price target on shares of Athene from $65.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday, April 5th. Wells Fargo & Co set a $65.00 price target on shares of Athene and gave the company a “buy” rating in a report on Thursday, May 3rd. Finally, Barclays began coverage on shares of Athene in a report on Friday, June 8th. They issued an “equal weight” rating and a $51.00 price target for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $61.08.

Athene stock opened at $44.93 on Thursday. The company has a market capitalization of $9.09 billion, a PE ratio of 8.25, a P/E/G ratio of 0.56 and a beta of 0.08. Athene Holding Ltd has a twelve month low of $43.09 and a twelve month high of $55.22. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.11.

Athene (NYSE:ATH) last announced its earnings results on Thursday, May 3rd. The insurance provider reported $1.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by ($0.03). Athene had a return on equity of 12.75% and a net margin of 16.41%. The business had revenue of $855.00 million for the quarter, compared to analyst estimates of $906.05 million. During the same quarter in the previous year, the company posted $1.32 EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. equities research analysts predict that Athene Holding Ltd will post 5.39 EPS for the current fiscal year.

Athene Company Profile

Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products in the United States, the District of Columbia, and Germany. It offers fixed deferred, immediate, and payout annuities; and funding agreements and pension risk transfer products to institutional investors.

Institutional Ownership by Quarter for Athene (NYSE:ATH)

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