Athene (NYSE:ATH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.
According to Zacks, “Athene Holding Ltd. is a retirement services company. Its products and services include Fixed and fixed indexed annuity products, Reinsurance services offered to third-party annuity providers and Institutional products, such as funding agreements. Athene Holding Ltd. is based in Pembroke, Bermuda. “
Several other equities research analysts have also recently weighed in on the stock. Wells Fargo & Co set a $65.00 price target on shares of Athene and gave the company a “buy” rating in a research report on Monday, June 4th. Barclays assumed coverage on shares of Athene in a research report on Friday, June 8th. They set an “equal weight” rating and a $51.00 price target for the company. ValuEngine cut shares of Athene from a “hold” rating to a “sell” rating in a research report on Friday, June 1st. UBS Group raised shares of Athene from a “neutral” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Friday, March 2nd. Finally, Morgan Stanley dropped their price target on shares of Athene from $65.00 to $64.00 and set an “overweight” rating for the company in a research report on Thursday, April 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. Athene presently has a consensus rating of “Buy” and an average price target of $61.42.
Shares of Athene opened at $43.59 on Wednesday, Marketbeat reports. Athene has a 52-week low of $43.09 and a 52-week high of $55.22. The firm has a market capitalization of $8.88 billion, a PE ratio of 7.70, a price-to-earnings-growth ratio of 0.56 and a beta of 0.07. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.86 and a quick ratio of 0.86.
Athene (NYSE:ATH) last announced its quarterly earnings data on Thursday, May 3rd. The insurance provider reported $1.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.24 by ($0.03). Athene had a net margin of 16.41% and a return on equity of 12.51%. The business had revenue of $855.00 million during the quarter, compared to analysts’ expectations of $906.05 million. During the same period last year, the company posted $1.32 EPS. Athene’s revenue for the quarter was up 8.8% on a year-over-year basis. equities research analysts forecast that Athene will post 5.33 EPS for the current year.
Large investors have recently bought and sold shares of the company. Teachers Advisors LLC lifted its position in shares of Athene by 9.0% in the 4th quarter. Teachers Advisors LLC now owns 318,125 shares of the insurance provider’s stock worth $16,450,000 after purchasing an additional 26,284 shares during the period. First Republic Investment Management Inc. purchased a new stake in shares of Athene in the 4th quarter worth about $351,000. Allianz Asset Management GmbH lifted its position in shares of Athene by 240.9% in the 4th quarter. Allianz Asset Management GmbH now owns 631,569 shares of the insurance provider’s stock worth $32,658,000 after purchasing an additional 446,315 shares during the period. Old Mutual Global Investors UK Ltd. lifted its position in shares of Athene by 3.5% in the 1st quarter. Old Mutual Global Investors UK Ltd. now owns 1,904,293 shares of the insurance provider’s stock worth $91,044,000 after purchasing an additional 63,673 shares during the period. Finally, BlueCrest Capital Management Ltd lifted its position in shares of Athene by 137.2% in the 4th quarter. BlueCrest Capital Management Ltd now owns 88,897 shares of the insurance provider’s stock worth $4,597,000 after purchasing an additional 51,423 shares during the period. 63.17% of the stock is owned by hedge funds and other institutional investors.
Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products in the United States, the District of Columbia, and Germany. It offers fixed deferred, immediate, and payout annuities; and funding agreements and pension risk transfer products to institutional investors.
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