DSC Advisors L.P. lifted its holdings in Athene Holding Ltd (NYSE:ATH) by 73.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 220,599 shares of the insurance provider’s stock after buying an additional 93,180 shares during the quarter. Athene makes up about 6.6% of DSC Advisors L.P.’s portfolio, making the stock its 6th biggest position. DSC Advisors L.P. owned 0.11% of Athene worth $11,407,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. CI Global Investments Inc. increased its holdings in Athene by 26.6% during the 4th quarter. CI Global Investments Inc. now owns 8,907,931 shares of the insurance provider’s stock worth $460,629,000 after purchasing an additional 1,871,621 shares during the period. Schroder Investment Management Group increased its holdings in Athene by 231.4% during the 4th quarter. Schroder Investment Management Group now owns 2,392,463 shares of the insurance provider’s stock worth $123,714,000 after purchasing an additional 1,670,445 shares during the period. APG Asset Management N.V. increased its holdings in Athene by 309.5% during the 4th quarter. APG Asset Management N.V. now owns 1,891,500 shares of the insurance provider’s stock worth $81,454,000 after purchasing an additional 1,429,600 shares during the period. CDAM UK Ltd purchased a new position in Athene during the 4th quarter worth $36,504,000. Finally, CI Investments Inc. purchased a new position in Athene during the 3rd quarter worth $36,119,000. Hedge funds and other institutional investors own 50.50% of the company’s stock.
Shares of Athene Holding Ltd (ATH) opened at $51.49 on Wednesday. The firm has a market capitalization of $10,494.64, a price-to-earnings ratio of 7.01, a PEG ratio of 0.67 and a beta of 0.37. Athene Holding Ltd has a 52-week low of $45.15 and a 52-week high of $55.22.
Several research analysts have commented on the company. Scotiabank restated a “hold” rating on shares of Athene in a report on Monday, December 4th. Zacks Investment Research cut Athene from a “buy” rating to a “hold” rating in a research report on Friday, March 9th. Wells Fargo & Co set a $63.00 target price on Athene and gave the company a “buy” rating in a research report on Wednesday, February 21st. Citigroup dropped their target price on Athene from $58.00 to $54.00 and set a “neutral” rating on the stock in a research report on Monday, February 26th. Finally, UBS Group raised Athene from a “neutral” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Friday, March 2nd. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Athene currently has a consensus rating of “Buy” and an average price target of $61.92.
In other news, Director Manfred Puffer sold 10,000 shares of the firm’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $52.92, for a total value of $529,200.00. Following the completion of the sale, the director now owns 55,728 shares of the company’s stock, valued at approximately $2,949,125.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.60% of the stock is owned by company insiders.
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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