Athene Holding Ltd. (NYSE:ATH)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $75.66 and last traded at $75.14, with a volume of 695 shares changing hands. The stock had previously closed at $74.10.
Several analysts have issued reports on ATH shares. Zacks Investment Research raised shares of Athene from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research note on Tuesday, August 17th. Truist Securities downgraded shares of Athene from a “buy” rating to a “hold” rating in a research note on Tuesday, August 10th. Morgan Stanley decreased their price objective on shares of Athene from $74.00 to $69.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 1st. Piper Sandler raised their price objective on shares of Athene from $66.10 to $72.72 and gave the stock a “neutral” rating in a research note on Thursday, July 8th. They noted that the move was a valuation call. Finally, Wells Fargo & Company raised their price objective on shares of Athene from $70.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Friday, October 8th. Thirteen equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $65.84.
The stock has a market cap of $14.40 billion, a P/E ratio of 3.99 and a beta of 1.61. The company’s 50 day moving average price is $67.85 and its two-hundred day moving average price is $63.58. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.11.
In other Athene news, CFO Martin P. Klein sold 1,800 shares of Athene stock in a transaction on Friday, August 6th. The shares were sold at an average price of $68.00, for a total value of $122,400.00. Following the transaction, the chief financial officer now directly owns 123,855 shares of the company’s stock, valued at $8,422,140. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Martin P. Klein sold 2,700 shares of Athene stock in a transaction on Wednesday, July 21st. The stock was sold at an average price of $64.48, for a total transaction of $174,096.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,174 shares of company stock worth $1,175,052. 6.80% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Yakira Capital Management Inc. purchased a new stake in shares of Athene during the second quarter valued at $9,524,000. Gillson Capital LP grew its holdings in shares of Athene by 288.5% during the first quarter. Gillson Capital LP now owns 395,703 shares of the insurance provider’s stock valued at $19,943,000 after buying an additional 293,847 shares during the last quarter. Barclays PLC grew its holdings in shares of Athene by 107.2% during the first quarter. Barclays PLC now owns 326,060 shares of the insurance provider’s stock valued at $16,433,000 after buying an additional 168,674 shares during the last quarter. Moab Capital Partners LLC acquired a new position in Athene during the first quarter valued at $4,319,000. Finally, Forsta AP Fonden acquired a new position in Athene during the second quarter valued at $675,000. 85.86% of the stock is currently owned by hedge funds and other institutional investors.
Athene Company Profile (NYSE:ATH)
Athene Holding Ltd. is engages in the provision of retirement services. The firm issues, reinsures and acquires retirement savings products and institutional products. It operates through following segments: Retirement Services, and Corporate and Other. The Retirement Services segment is comprised of US and Bermuda operations, which issue and reinsure retirement savings products and institutional products.
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