Achmea Investment Management B.V. Takes $546,000 Position in Athene Holding Ltd (NYSE:ATH)
Achmea Investment Management B.V. purchased a new stake in shares of Athene Holding Ltd (NYSE:ATH) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 10,587 shares of the insurance provider’s stock, valued at approximately $546,000.
Several other institutional investors and hedge funds have also modified their holdings of ATH. WINTON GROUP Ltd purchased a new position in shares of Athene during the 3rd quarter valued at about $213,000. Cadence Capital Management LLC purchased a new position in shares of Athene during the 3rd quarter valued at about $266,000. Summit Trail Advisors LLC raised its holdings in shares of Athene by 20.2% during the 2nd quarter. Summit Trail Advisors LLC now owns 6,124 shares of the insurance provider’s stock valued at $268,000 after buying an additional 1,028 shares in the last quarter. Comerica Bank raised its holdings in shares of Athene by 29.9% during the 2nd quarter. Comerica Bank now owns 6,062 shares of the insurance provider’s stock valued at $270,000 after buying an additional 1,395 shares in the last quarter. Finally, Calamos Advisors LLC purchased a new position in shares of Athene during the 3rd quarter valued at about $281,000. Hedge funds and other institutional investors own 70.48% of the company’s stock.
Shares of ATH traded down $0.97 during mid-day trading on Friday, hitting $39.92. 1,474,304 shares of the company’s stock traded hands, compared to its average volume of 1,432,314. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.26 and a current ratio of 0.26. Athene Holding Ltd has a 1 year low of $39.59 and a 1 year high of $53.92. The stock has a market capitalization of $8.17 billion, a PE ratio of 7.05, a price-to-earnings-growth ratio of 0.50 and a beta of 0.78.
In related news, insider Grant Kvalheim sold 85,000 shares of Athene stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $51.06, for a total transaction of $4,340,100.00. Following the sale, the insider now directly owns 1,587,657 shares in the company, valued at $81,065,766.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frank Lauren Gillis sold 100,000 shares of Athene stock in a transaction that occurred on Tuesday, September 25th. The shares were sold at an average price of $51.71, for a total value of $5,171,000.00. Following the sale, the insider now owns 289,638 shares in the company, valued at $14,977,180.98. The disclosure for this sale can be found here. Insiders have sold 186,000 shares of company stock worth $9,561,140 over the last three months. Insiders own 8.46% of the company’s stock.
A number of equities analysts recently weighed in on the company. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $68.00 price objective on shares of Athene in a report on Friday, September 21st. Morgan Stanley decreased their price objective on Athene from $64.00 to $62.00 and set an “overweight” rating on the stock in a report on Tuesday, November 13th. SunTrust Banks reissued a “buy” rating and set a $59.00 price objective on shares of Athene in a report on Monday, November 5th. Wells Fargo & Co set a $67.00 price objective on Athene and gave the company a “buy” rating in a report on Wednesday, October 31st. Finally, Bank of America reaffirmed a “buy” rating and issued a $67.00 price target on shares of Athene in a research note on Wednesday, October 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. Athene currently has an average rating of “Buy” and an average target price of $61.00.
Athene Company Profile
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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