Athene Holding (NYSE:ATH) Earning Somewhat Favorable News Coverage, Analysis Finds

News articles about Athene Holding (NYSE:ATH) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Athene Holding earned a news impact score of 0.14 on Accern’s scale. Accern also assigned news coverage about the insurance provider an impact score of 46.7016802533097 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news articles that may have impacted Accern Sentiment’s analysis:

Several equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Athene Holding from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research report on Tuesday, July 11th. BMO Capital Markets restated a “neutral” rating and set a $54.00 price target on shares of Athene Holding in a research report on Friday, May 12th. Morgan Stanley upgraded shares of Athene Holding from an “equal weight” rating to an “overweight” rating and set a $58.00 price target for the company in a research report on Monday, April 3rd. Deutsche Bank AG restated a “hold” rating and set a $59.00 price target (up previously from $58.00) on shares of Athene Holding in a research report on Monday, May 15th. Finally, Credit Suisse Group raised shares of Athene Holding from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $55.00 to $66.00 in a report on Monday, June 19th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $56.21.

Shares of Athene Holding (ATH) traded up 0.76% during midday trading on Monday, hitting $50.15. 1,342,798 shares of the stock were exchanged. The stock has a market cap of $10.05 billion and a P/E ratio of 9.21. The firm’s 50 day moving average price is $50.12 and its 200-day moving average price is $50.06. Athene Holding has a 52-week low of $43.25 and a 52-week high of $55.10.

Athene Holding (NYSE:ATH) last announced its quarterly earnings data on Wednesday, May 10th. The insurance provider reported $1.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.34. The company had revenue of $786 million for the quarter, compared to the consensus estimate of $785.94 million. The company’s revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.82 earnings per share. On average, equities research analysts expect that Athene Holding will post $4.64 earnings per share for the current fiscal year.

In related news, major shareholder Apollo Management Holdings Gp, sold 7,602,830 shares of the business’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 legal filing with the SEC, which is available through this link. Insiders own 10.60% of the company’s stock.

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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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