Athene Holding Ltd. (ATH) Earns Neutral Rating from BMO Capital Markets

BMO Capital Markets reissued their neutral rating on shares of Athene Holding Ltd. (NYSE:ATH) in a report published on Friday, May 12th. BMO Capital Markets currently has a $54.00 target price on the insurance provider’s stock.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Athene Holding from a hold rating to a buy rating and set a $57.00 price target on the stock in a research report on Tuesday, March 28th. Barclays PLC restated a buy rating on shares of Athene Holding in a research report on Monday, February 20th. Deutsche Bank AG dropped their price target on Athene Holding from $59.00 to $58.00 and set a hold rating on the stock in a research report on Wednesday, April 19th. Sandler O’Neill initiated coverage on Athene Holding in a research report on Friday, January 20th. They issued a hold rating on the stock. Finally, J P Morgan Chase & Co initiated coverage on Athene Holding in a research report on Friday, January 27th. They issued a neutral rating and a $46.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Athene Holding currently has a consensus rating of Buy and an average target price of $55.62.

Shares of Athene Holding (NYSE:ATH) traded down 1.23% during trading on Friday, hitting $48.87. The stock had a trading volume of 1,989,138 shares. The company has a market cap of $9.80 billion and a P/E ratio of 8.98. Athene Holding has a 12 month low of $43.25 and a 12 month high of $55.10. The stock has a 50-day moving average price of $51.11 and a 200 day moving average price of $50.03.

Athene Holding (NYSE:ATH) last posted its earnings results on Wednesday, May 10th. The insurance provider reported $1.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.34. The firm had revenue of $786 million for the quarter, compared to analyst estimates of $785.94 million. During the same quarter last year, the firm posted $0.82 EPS. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. Equities analysts expect that Athene Holding will post $4.64 EPS for the current fiscal year.

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In related news, major shareholder Apollo Management Holdings Gp, sold 7,602,830 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $49.00, for a total value of $372,538,670.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 10.60% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of ATH. Alyeska Investment Group L.P. bought a new stake in Athene Holding during the fourth quarter worth about $13,284,000. Gillson Capital LP bought a new stake in Athene Holding during the fourth quarter worth about $15,496,000. Levin Capital Strategies L.P. acquired a new position in shares of Athene Holding during the fourth quarter valued at $68,817,000. Franklin Resources Inc. acquired a new position in shares of Athene Holding during the fourth quarter valued at $81,573,000. Finally, Capital Returns Management LLC acquired a new position in shares of Athene Holding during the fourth quarter valued at $1,044,000. 39.00% of the stock is currently owned by hedge funds and other institutional investors.

About Athene Holding

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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