Athene Insurance Preferreds Update: Rating 3 Buys

Retired Investor
Investing Group
(8min)

Summary

  • Athene Insurance's preferred stocks are evaluated, with "D" and "E" rated as Buys due to their attractive yields and call protection. I also rated "A" as a Buy.
  • Athene's strong financials and consistent profitability, backed by Apollo Global Management, mitigate concerns about default risk.
  • Key risks for preferred stock investors include default, dividend payments, interest rate risk, coupon type, and call risk.
  • Athene's recent 7.1% floating rate note issuance indicates market confidence in the company's financial stability.

Selective focus of magnifying glass,glasses and Insurance Policy letter on a white wooden background.

Mohamad Faizal Bin Ramli

Introduction

Just over a year ago, I reviewed the preferred stocks of the Athene Insurance Company, giving two a Buy rating (article link). Athene is a subsidiary of Apollo Global Management (APO), a large global alternative

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This article was written by

Retired Investor
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Retired Investor has been investing since the 1980s and has a background in data analysis and pension fund management. He writes articles to help others prepare for retirement by investing in CEFs, ETFs, BDCs, and REITs. He is a long only investor and shares strategies for trading options with a focus on cash-secured-puts.

He is a contributing author to the investing group iREIT®+HOYA Capital

The group helps investors achieve dependable monthly income, portfolio diversification, and inflation hedging. It provides investment research on REITs, ETFs, closed-end funds, preferreds, and dividend champions across asset classes. It offers income-focused portfolios targeting dividend yields up to 10%.

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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