5 Best Finance Stocks to Buy Right Now According to Leon Cooperman

3. Athene Holding Ltd (NYSE:ATH

Leon Cooperman took a new stake in Athene Holding Ltd (NYSE:ATH) during Q3, buying 981,606 ATH shares, making it his second largest purchase of the quarter after Alphabet Inc. (NASDAQ:GOOG). Athene shares have gained 29% since the end of October but are still down 13% this year.

Anthony Bozza of Lakewood Capital Partners discussed his ATH holding in his Q2 investor letter, expressing confidence that with shares trading at just 60% of the insurer’s tangible book value (at the time), they had the potential to double over the next 18 months. He pointed to the recent acquisition of Athene competitor Global Atlantic at a price point of 1x tangible book value as an example of why the market is undervaluing Athene, whose tangible book value he expects to continue growing at a steady pace throughout 2021.