StepStone Group LP reduced its stake in shares of Athene Holding Ltd. (NYSE:ATH) by 4.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,468,396 shares of the insurance provider’s stock after selling 74,244 shares during the period. Athene makes up approximately 52.3% of StepStone Group LP’s holdings, making the stock its biggest holding. StepStone Group LP owned 0.73% of Athene worth $79,058,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. Nordea Investment Management AB bought a new position in shares of Athene in the second quarter valued at $120,000. LS Investment Advisors LLC bought a new position in Athene during the second quarter worth $144,000. Daiwa Securities Group Inc. bought a new position in Athene during the second quarter worth $149,000. Public Employees Retirement Association of Colorado boosted its position in Athene by 147.0% during the third 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 during the period. Finally, CIBC Asset Management Inc bought a new position in Athene during the third quarter worth $200,000. Hedge funds and other institutional investors own 48.41% of the company’s stock.
A number of equities analysts have commented on ATH shares. Sandler O’Neill raised shares of Athene from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Wells Fargo & Company raised shares of Athene to a “buy” rating in a research report on Wednesday, August 9th. Canaccord Genuity reissued a “buy” rating on shares of Athene in a report on Friday, November 3rd. Keefe, Bruyette & Woods reissued a “buy” rating and set a $63.00 target price on shares of Athene in a report on Friday, November 3rd. Finally, Goldman Sachs Group began coverage on Athene in a report on Wednesday, October 18th. They set a “buy” rating and a $63.00 target price for the company. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $59.80.
Athene (NYSE:ATH) last announced its earnings results on Monday, November 6th. The insurance provider reported $1.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.06. Athene had a return on equity of 13.31% and a net margin of 22.66%. The business had revenue of $863.00 million for the quarter, compared to analysts’ expectations of $852.85 million. equities analysts forecast that Athene Holding Ltd. will post 5.17 EPS for the current fiscal year.
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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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