Athene Holding Ltd (NYSE:ATH) has earned a consensus recommendation of “Buy” from the sixteen brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $61.75.
ATH has been the subject of a number of analyst reports. SunTrust Banks reaffirmed a “buy” rating and issued a $59.00 price target on shares of Athene in a report on Monday. Wells Fargo & Co set a $67.00 price target on shares of Athene and gave the company a “buy” rating in a report on Wednesday, October 31st. Bank of America reaffirmed a “buy” rating and issued a $67.00 price target on shares of Athene in a report on Wednesday, October 3rd. Royal Bank of Canada reaffirmed a “buy” rating and issued a $58.00 price target on shares of Athene in a report on Friday, August 3rd. Finally, Citigroup reaffirmed a “hold” rating on shares of Athene in a report on Wednesday, July 11th.
Shares of NYSE:ATH opened at $45.87 on Friday. The company has a quick ratio of 264.96, a current ratio of 264.96 and a debt-to-equity ratio of 0.11. Athene has a 12 month low of $43.09 and a 12 month high of $53.92. The stock has a market capitalization of $9.01 billion, a P/E ratio of 8.10, a price-to-earnings-growth ratio of 0.56 and a beta of 0.81.
Athene (NYSE:ATH) last announced its quarterly earnings results on Wednesday, October 31st. The insurance provider reported $1.95 EPS for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.21. Athene had a net margin of 17.65% and a return on equity of 18.93%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the firm earned $1.18 EPS. The firm’s revenue for the quarter was up 30.5% compared to the same quarter last year. On average, sell-side analysts forecast that Athene will post 6.25 earnings per share for the current year.
In other news, insider Frank Lauren Gillis sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 11th. The shares were sold at an average price of $50.04, for a total transaction of $50,040.00. Following the transaction, the insider now directly owns 218,638 shares of the company’s stock, valued at $10,940,645.52. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Grant Kvalheim sold 122,418 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $50.28, for a total transaction of $6,155,177.04. Following the transaction, the insider now directly owns 1,631,434 shares in the company, valued at $82,028,501.52. The disclosure for this sale can be found here. Insiders sold a total of 420,899 shares of company stock worth $21,342,989 over the last three months. 8.46% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of ATH. WINTON GROUP Ltd purchased a new position in shares of Athene during the third quarter worth approximately $213,000. Brown Advisory Inc. purchased a new position in shares of Athene during the first quarter worth approximately $241,000. Cadence Capital Management LLC purchased a new position in shares of Athene during the third quarter worth approximately $266,000. Summit Trail Advisors LLC increased its position in shares of Athene by 20.2% during the second quarter. Summit Trail Advisors LLC now owns 6,124 shares of the insurance provider’s stock worth $268,000 after acquiring an additional 1,028 shares during the period. Finally, Comerica Bank increased its position in shares of Athene by 29.9% during the second quarter. Comerica Bank now owns 6,062 shares of the insurance provider’s stock worth $270,000 after acquiring an additional 1,395 shares during the period. 67.25% of the stock is currently owned by institutional investors and hedge funds.
Athene Company Profile
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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