Cider Mill Investments LP purchased a new stake in shares of Athene Holding Ltd (NYSE:ATH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 190,000 shares of the insurance provider’s stock, valued at approximately $9,825,000. Athene accounts for 4.0% of Cider Mill Investments LP’s portfolio, making the stock its 11th largest holding. Cider Mill Investments LP owned approximately 0.10% of Athene at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of ATH. American International Group Inc. acquired a new position in shares of Athene during the fourth quarter worth about $116,000. Envestnet Asset Management Inc. lifted its stake in shares of Athene by 661.1% during the third quarter. Envestnet Asset Management Inc. now owns 3,014 shares of the insurance provider’s stock worth $162,000 after purchasing an additional 2,618 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its stake in shares of Athene by 147.0% during the third quarter. Public Employees Retirement Association of Colorado now owns 3,379 shares of the insurance provider’s stock worth $182,000 after purchasing an additional 2,011 shares in the last quarter. CIBC Asset Management Inc acquired a new position in shares of Athene during the third quarter worth about $200,000. Finally, Alpine Woods Capital Investors LLC acquired a new position in shares of Athene during the third quarter worth about $215,000. 50.50% of the stock is owned by hedge funds and other institutional investors.
Athene Holding Ltd (NYSE:ATH) opened at $52.50 on Tuesday. Athene Holding Ltd has a one year low of $45.15 and a one year high of $55.22. The company has a market capitalization of $10,468.66, a PE ratio of 9.32, a P/E/G ratio of 0.67 and a beta of 0.37.
ATH has been the topic of a number of recent research reports. Evercore ISI restated a “buy” rating and set a $68.00 price objective on shares of Athene in a research note on Thursday, December 21st. Wells Fargo & Co restated a “buy” rating and set a $63.00 price objective on shares of Athene in a research note on Friday, December 22nd. Canaccord Genuity restated a “buy” rating on shares of Athene in a research note on Thursday, December 7th. Zacks Investment Research cut Athene from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $61.00 price target on shares of Athene in a research note on Friday, December 22nd. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Athene has a consensus rating of “Buy” and an average price target of $61.92.
In related news, Director Manfred Puffer sold 10,000 shares of the business’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $52.92, for a total value of $529,200.00. Following the transaction, the director now owns 55,728 shares in the company, valued at $2,949,125.76. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 10.60% of the company’s stock.
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Athene Company Profile
Athene Holding Ltd. is an insurance holding company. The Company’s segments include Retirement Services, Corporate and Other. Retirement Services segment consists of the United States and Bermuda operations, which issue and reinsure retirement savings products and institutional products. Retirement Services has retail operations, which provide annuity retirement solutions to its policyholders.
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