4,460 Shares in Athene Holding Ltd (ATH) Acquired by Bank of Hawaii

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.

Athene (NYSE:ATH) last released its earnings results on Wednesday, October 31st. The insurance provider reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.21. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.15 billion. Athene had a return on equity of 14.09% and a net margin of 17.65%. The company’s revenue was up 30.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.18 EPS. On average, research analysts expect that Athene Holding Ltd will post 6.24 earnings per share for the current year.

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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About Athene

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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Institutional Ownership by Quarter for Athene (NYSE:ATH)

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