Pennant Investors LP Buys New Holdings in Athene Holding Ltd (ATH)
Pennant Investors LP bought a new position in shares of Athene Holding Ltd (NYSE:ATH) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 350,000 shares of the insurance provider’s stock, valued at approximately $18,081,000. Athene accounts for 6.7% of Pennant Investors LP’s holdings, making the stock its 5th biggest holding. Pennant Investors LP owned approximately 0.18% of Athene as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. WINTON GROUP Ltd acquired a new position in shares of Athene in the 3rd quarter valued at about $213,000. Bank of Hawaii acquired a new position in shares of Athene in the 3rd quarter valued at about $230,000. Cadence Capital Management LLC acquired a new position in shares of Athene in the 3rd quarter valued at about $266,000. Calamos Advisors LLC bought a new stake in Athene in the 3rd quarter valued at about $281,000. Finally, Comerica Bank increased its position in Athene by 29.9% in 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. 67.48% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ATH opened at $43.01 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 264.96 and a quick ratio of 264.96. The company has a market cap of $8.91 billion, a price-to-earnings ratio of 7.60, a P/E/G ratio of 0.55 and a beta of 0.81. Athene Holding Ltd has a 52 week low of $43.09 and a 52 week high of $53.92.
A number of brokerages recently commented on ATH. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $68.00 target price on shares of Athene in a research report on Friday, September 21st. Morgan Stanley decreased their target price on Athene from $64.00 to $62.00 and set an “overweight” rating for the company in a research report on Tuesday, November 13th. SunTrust Banks reaffirmed a “buy” rating and issued a $59.00 target price on shares of Athene in a research report on Monday, November 5th. Wells Fargo & Co reaffirmed a “buy” rating and issued a $65.00 target price on shares of Athene in a research report on Friday, August 3rd. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $58.00 target price on shares of Athene in a research report on Friday, August 3rd. 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’s stock. The stock has a consensus rating of “Buy” and an average price target of $61.00.
In other Athene news, insider Grant Kvalheim sold 85,000 shares of the business’s 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 completion of the sale, the insider now directly owns 1,587,657 shares of the company’s stock, valued at approximately $81,065,766.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Frank Lauren Gillis sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, October 11th. The stock was sold at an average price of $50.04, for a total value of $50,040.00. Following the sale, the insider now directly owns 218,638 shares of the company’s stock, valued at $10,940,645.52. The disclosure for this sale can be found here. Insiders have sold a total of 310,923 shares of company stock valued at $15,841,592 over the last three months. Corporate insiders own 8.46% of the company’s stock.
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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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