Long Position on ATH @ $51.00 on 3/9/2017 (Momentum)

Athene Holding Ltd. (ATH) is a Bermuda-based life insurance holding company.

The Company is principally focused on the retirement market and whose business, through its subsidiaries, is focused on issuing or reinsuring fixed and equity indexed annuities.

Athene Holding’s subsidiaries are Athene Annuity & Life Assurance Company, Athene Life Insurance Company, Investors Insurance Corp, and Athene Life Re Ltd.

The products offered by Athene Holding, through its subsidiaries, include retail fixed and equity indexed annuity products; institutional products, such as funding agreements, and co-insurance and reinsurance arrangements with third-party life insurance and annuity providers.

Shares of this recent IPO (December 2016) have formed a bullish "cup and handle" ahead of its earnings report on March 15th. Estimates call for an EPS of $1.17 on revenue of $793.6 million. Higher share prices are expected for this stock.

52-Weeks Trading Range: $43.25 to $53.98

Entry Point: $51.00

Stop Loss: $48.45

Target Price: $56.10

Updates

4/17/2017 11:37:27 AM

ATH closed at $52.55

Position closed on 4/17/2017 at price of $52.55 with a 3.04% gain in 39 days.

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