Vaughan Nelson Investment Management L.P. Boosts Stock Position in Athene Holding Ltd. (NYSE:ATH)

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Vaughan Nelson Investment Management L.P. grew its holdings in Athene Holding Ltd. (NYSE:ATH) by 32.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 828,739 shares of the insurance provider’s stock after purchasing an additional 202,574 shares during the period. Vaughan Nelson Investment Management L.P. owned about 0.43% of Athene worth $28,244,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. CSat Investment Advisory L.P. boosted its position in Athene by 88.3% in the 2nd quarter. CSat Investment Advisory L.P. now owns 949 shares of the insurance provider’s stock valued at $30,000 after buying an additional 445 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Athene by 105.7% during the second quarter. PNC Financial Services Group Inc. now owns 967 shares of the insurance provider’s stock worth $30,000 after buying an additional 497 shares in the last quarter. Advisors Asset Management Inc. grew its position in Athene by 10.4% during the second quarter. Advisors Asset Management Inc. now owns 4,356 shares of the insurance provider’s stock valued at $136,000 after buying an additional 411 shares during the period. Riverpark Capital Management LLC raised its position in shares of Athene by 52.9% in the second quarter. Riverpark Capital Management LLC now owns 5,379 shares of the insurance provider’s stock worth $168,000 after acquiring an additional 1,862 shares during the period. Finally, Asahi Life Asset Management CO. LTD. acquired a new stake in shares of Athene during the 3rd quarter valued at about $191,000. 92.30% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on ATH. Morgan Stanley began coverage on Athene in a research report on Tuesday, November 3rd. They set an “overweight” rating and a $40.00 price target on the stock. Piper Sandler increased their target price on Athene from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday, November 4th. BMO Capital Markets boosted their price target on shares of Athene from $62.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. UBS Group increased their price objective on shares of Athene from $47.00 to $48.00 and gave the company a “buy” rating in a report on Monday, August 10th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $34.00 target price on shares of Athene in a research report on Monday, July 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $44.22.

ATH stock opened at $42.96 on Tuesday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $8.23 billion, a PE ratio of 10.85 and a beta of 1.40. Athene Holding Ltd. has a 12-month low of $13.37 and a 12-month high of $50.43. The business’s fifty day moving average price is $35.66 and its 200 day moving average price is $33.08.

Athene (NYSE:ATH) last released its earnings results on Sunday, November 8th. The insurance provider reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.43. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.38 billion. The business’s revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.34 earnings per share. Research analysts predict that Athene Holding Ltd. will post 4.87 EPS for the current fiscal year.

Athene Company Profile

Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products for individuals and institutions in the United States and Bermuda. The company provides annuity retirement solutions to its policyholders; and reinsures multi-year guaranteed annuities, fixed indexed annuities, traditional one-year guarantee fixed deferred annuities, immediate annuities, and institutional products.

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Institutional Ownership by Quarter for Athene (NYSE:ATH)

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