State Board of Administration of Florida Retirement System Invests $376,000 in Athene Holding Ltd. (ATH) Stock

State Board of Administration of Florida Retirement System purchased a new position in Athene Holding Ltd. (NYSE:ATH) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 6,980 shares of the insurance provider’s stock, valued at approximately $376,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB purchased a new stake in shares of Athene during the 2nd quarter worth approximately $120,000. LS Investment Advisors LLC purchased a new stake in Athene during the 2nd quarter valued at $144,000. Daiwa Securities Group Inc. purchased a new stake in Athene during the 2nd quarter valued at $149,000. Public Employees Retirement Association of Colorado raised its holdings in Athene by 147.0% during the 3rd 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 period. Finally, Aperio Group LLC purchased a new stake in Athene during the 2nd quarter valued at $209,000. 48.41% of the stock is currently owned by institutional investors and hedge funds.

Shares of Athene Holding Ltd. (ATH) traded up $0.41 during trading on Wednesday, reaching $48.06. The company had a trading volume of 960,943 shares, compared to its average volume of 1,216,175. Athene Holding Ltd. has a 52-week low of $43.25 and a 52-week high of $55.22. The stock has a market capitalization of $9,335.81 and a P/E ratio of 8.66.

Athene (NYSE:ATH) last posted its earnings results on Monday, November 6th. The insurance provider reported $1.18 EPS for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.06. The company had revenue of $863.00 million for the quarter, compared to the consensus estimate of $852.85 million. Athene had a return on equity of 13.31% and a net margin of 22.66%. research analysts forecast that Athene Holding Ltd. will post 5.17 EPS for the current fiscal year.

Several research firms recently weighed in on ATH. Zacks Investment Research upgraded Athene from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a report on Tuesday, October 10th. UBS increased their price target on Athene from $63.00 to $65.00 and gave the stock a “neutral” rating in a research report on Monday, November 6th. Keefe, Bruyette & Woods set a $59.00 price objective on Athene and gave the company a “buy” rating in a research report on Friday, August 11th. Royal Bank Of Canada raised their price objective on Athene from $59.00 to $66.00 and gave the company an “outperform” rating in a report on Friday, August 11th. Finally, Sandler O’Neill raised Athene from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price 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.

Institutional Ownership by Quarter for Athene (NYSE:ATH)

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