Bank of Hawaii bought a new position in shares of Athene Holding Ltd (NYSE:ATH) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,460 shares of the insurance provider’s stock, valued at approximately $230,000.
Several other hedge funds have also bought and sold shares of ATH. Twin Tree Management LP bought a new stake in Athene in the 3rd quarter valued at $2,467,000. PNC Financial Services Group Inc. boosted its stake in Athene by 53.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 14,528 shares of the insurance provider’s stock valued at $751,000 after purchasing an additional 5,063 shares during the period. Janus Henderson Group PLC boosted its stake in Athene by 31.7% in the 3rd quarter. Janus Henderson Group PLC now owns 20,109 shares of the insurance provider’s stock valued at $1,039,000 after purchasing an additional 4,844 shares during the period. Artemis Investment Management LLP bought a new stake in Athene in the 3rd quarter valued at $12,828,000. Finally, Rational Advisors LLC bought a new stake in Athene in the 3rd quarter valued at $7,274,000. 67.48% of the stock is currently owned by institutional investors and hedge funds.
NYSE:ATH opened at $44.21 on Friday. The firm has a market cap of $8.87 billion, a PE ratio of 7.81, a P/E/G ratio of 0.54 and a beta of 0.81. The company has a quick ratio of 264.96, a current ratio of 0.26 and a debt-to-equity ratio of 0.11. Athene Holding Ltd has a fifty-two week low of $42.70 and a fifty-two week high of $53.92.
In other news, insider Frank Lauren Gillis sold 1,000 shares of the business’s stock in a transaction on Thursday, October 11th. The stock was sold at an average price of $50.04, for a total transaction of $50,040.00. Following the completion of the transaction, the insider now owns 218,638 shares of the company’s stock, valued at approximately $10,940,645.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Grant Kvalheim sold 122,418 shares of the business’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $50.28, for a total value of $6,155,177.04. Following the transaction, the insider now directly owns 1,631,434 shares of the company’s stock, valued at approximately $82,028,501.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 308,418 shares of company stock valued at $15,716,317. Corporate insiders own 8.46% of the company’s stock.
ATH has been the subject of several recent research reports. Bank of America restated a “buy” rating and issued a $67.00 price target on shares of Athene in a research note on Wednesday, October 3rd. Wells Fargo & Co set a $67.00 target price on Athene and gave the company a “buy” rating in a research report on Wednesday, October 31st. Royal Bank of Canada reiterated a “buy” rating and set a $58.00 target price on shares of Athene in a research report on Friday, August 3rd. Morgan Stanley upped their target price on Athene from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Friday, September 21st. Finally, SunTrust Banks reiterated a “buy” rating and set a $59.00 target price on shares of Athene in a research report on Monday, November 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. Athene presently has an average rating of “Buy” and a consensus price target of $61.00.
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Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products in the United States, the District of Columbia, and Germany. It offers fixed deferred, immediate, and payout annuities; and funding agreements and pension risk transfer products to institutional investors.
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