Investors sold shares of Athene Holding Ltd (NYSE:ATH) on strength during trading hours on Monday after an insider sold shares in the company. $16.28 million flowed into the stock on the tick-up and $70.32 million flowed out of the stock on the tick-down, for a money net flow of $54.04 million out of the stock. Of all stocks tracked, Athene had the 0th highest net out-flow for the day. Athene traded up $0.13 for the day and closed at $52.50Specifically, Director Manfred Puffer sold 10,000 shares of Athene stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $52.92, for a total value of $529,200.00. Following the sale, the director now directly owns 55,728 shares in the company, valued at approximately $2,949,125.76. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 10.60% of the company’s stock.
Several equities analysts have commented on ATH shares. Scotiabank reissued a “hold” rating on shares of Athene in a research note on Monday, December 4th. Zacks Investment Research cut shares of Athene from a “buy” rating to a “hold” rating in a research note on Friday, March 9th. UBS Group raised shares of Athene from a “neutral” rating to a “buy” rating and set a $65.00 target price on the stock in a research note on Friday, March 2nd. Citigroup lowered their target price on shares of Athene from $58.00 to $54.00 and set a “neutral” rating on the stock in a research note on Monday, February 26th. Finally, Canaccord Genuity reissued a “buy” rating on shares of Athene in a research note on Thursday, December 7th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $61.92.
The firm has a market cap of $10,468.66, a P/E ratio of 7.01, a PEG ratio of 0.67 and a beta of 0.37.
Several institutional investors and hedge funds have recently made changes to their positions in ATH. CI Global Investments Inc. grew its stake in shares of Athene by 26.6% in 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 last quarter. Schroder Investment Management Group grew its stake in shares of Athene by 231.4% in 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 last quarter. APG Asset Management N.V. grew its stake in shares of Athene by 309.5% in 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 last quarter. CDAM UK Ltd acquired a new position in shares of Athene in the 4th quarter worth approximately $36,504,000. Finally, CI Investments Inc. acquired a new position in shares of Athene in the 3rd quarter worth approximately $36,119,000. 50.50% of the stock is currently owned by institutional investors.
ILLEGAL ACTIVITY WARNING: “Traders Sell Athene (ATH) on Strength on Insider Selling” was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The legal version of this article can be read at https://www.tickerreport.com/banking-finance/3260405/traders-sell-athene-ath-on-strength-on-insider-selling.html.
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.
Receive News & Ratings for Athene Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Athene and related companies with MarketBeat.com's FREE daily email newsletter.