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Athene Holding Preferreds Update: Still A Fan Of Series D...
Retired Investor · 2026-06-26 · via All Articles on Seeking Alpha

Summary

  • Apollo Global Management's Athene Holdings preferred stocks remain attractive, with Series D, ATH.PR.D, is rated as the best Buy among four issues.
  • ATH.PR.D offers the most compelling risk/reward based on yield, call protection, and relative valuation versus peers and other Athene series.
  • ATH preferreds benefit from the financial strength of Apollo Global Management, supporting confidence in creditworthiness and dividend stability.
  • Current yields on ATH preferreds outpace comparable insurance issues, with Series D prioritized over B, A, and E for portfolio allocation.
  • I did lower my rating on the Series A due to its yield lagging the other issues. Those wanting the highest odds of a call should consider this issue, though.
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Team businesspeople or an accountant team are analyzing data charts, graphs, and a dashboard on a laptop screen in order to prepare a statistical report and discuss financial data in an office.

David Gyung/iStock via Getty Images

Introduction

Here I am updating my last review of the Athene Holdings preferred stocks. The available preferreds are:

  • Athene Holding Ltd. 6.35% Dep Sh Fix/Float Non-Cumul Pref Shares Ser A (ATH.PR.A).
  • Athene Holding Ltd. 5.625% Dep

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.