Shares of Athene Holding Ltd (NYSE:ATH) have been assigned an average recommendation of “Buy” from the sixteen ratings firms that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $62.90.
A number of brokerages recently weighed in on ATH. Zacks Investment Research raised Athene from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research note on Tuesday, October 10th. Goldman Sachs Group initiated coverage on Athene in a research report on Wednesday, October 18th. They set a “buy” rating and a $63.00 price objective for the company. Wells Fargo & Co reiterated a “buy” rating and set a $63.00 price target on shares of Athene in a report on Friday, December 22nd. BMO Capital Markets reiterated a “hold” rating and set a $61.00 price target on shares of Athene in a report on Friday, December 22nd. Finally, Evercore ISI reiterated a “buy” rating and set a $68.00 price target on shares of Athene in a report on Thursday, December 21st.
Institutional investors have recently made changes to their positions in the company. Nordea Investment Management AB acquired a new stake in Athene in the 2nd quarter worth approximately $120,000. Envestnet Asset Management Inc. lifted its holdings in Athene by 661.1% in the 3rd 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 during the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in Athene by 147.0% in the 3rd 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 during the last quarter. CIBC Asset Management Inc acquired a new stake in Athene in the 3rd quarter worth approximately $200,000. Finally, Alpine Woods Capital Investors LLC acquired a new stake in Athene in the 3rd quarter worth approximately $215,000. Institutional investors and hedge funds own 49.31% of the company’s stock.
Shares of Athene (NYSE:ATH) traded down $0.51 on Friday, reaching $49.84. The company had a trading volume of 197,926 shares, compared to its average volume of 1,237,764. The stock has a market cap of $10,064.16, a PE ratio of 7.42, a P/E/G ratio of 0.64 and a beta of -0.39. Athene has a 1 year low of $45.15 and a 1 year high of $55.22.
Athene (NYSE:ATH) last issued its quarterly earnings results on Monday, November 6th. The insurance provider reported $1.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.06. The firm had revenue of $863.00 million for the quarter, compared to analysts’ expectations of $852.85 million. Athene had a return on equity of 13.31% and a net margin of 22.66%. analysts expect that Athene will post 5.22 EPS for the current fiscal year.
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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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