Shares of Athene Holding Ltd. (NYSE:ATH) have been given a consensus recommendation of “Buy” by the seventeen analysts that are currently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $57.83.
Several analysts have recently weighed in on the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $62.00 target price on shares of Athene Holding in a report on Friday. Deutsche Bank AG reaffirmed a “hold” rating and issued a $59.00 target price (up previously from $58.00) on shares of Athene Holding in a report on Monday, May 15th. Wells Fargo & Company raised shares of Athene Holding to a “buy” rating in a report on Wednesday. Zacks Investment Research downgraded shares of Athene Holding from a “buy” rating to a “hold” rating in a report on Friday. Finally, Sandler O’Neill raised shares of Athene Holding from a “hold” rating to a “buy” rating in a report on Friday.
In related news, major shareholder Apollo Management Holdings Gp, sold 7,602,830 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $49.00, for a total value of $372,538,670.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 10.60% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the company. King Street Capital Management L.P. boosted its position in shares of Athene Holding by 53.5% in the second quarter. King Street Capital Management L.P. now owns 1,542,213 shares of the insurance provider’s stock worth $76,509,000 after buying an additional 537,321 shares during the last quarter. Virtu KCG Holdings LLC acquired a new position in shares of Athene Holding during the second quarter worth about $258,000. Parametric Portfolio Associates LLC boosted its position in shares of Athene Holding by 376.9% in the second quarter. Parametric Portfolio Associates LLC now owns 98,621 shares of the insurance provider’s stock worth $4,893,000 after buying an additional 77,941 shares during the last quarter. Nordea Investment Management AB acquired a new position in shares of Athene Holding during the second quarter worth about $120,000. Finally, California Public Employees Retirement System boosted its position in shares of Athene Holding by 152.5% in the second quarter. California Public Employees Retirement System now owns 2,317,872 shares of the insurance provider’s stock worth $114,667,000 after buying an additional 1,399,908 shares during the last quarter. Institutional investors own 37.91% of the company’s stock.
Athene Holding (NYSE:ATH) traded up 1.68% on Monday, reaching $52.60. 1,146,261 shares of the company were exchanged. The stock has a 50-day moving average price of $49.99 and a 200 day moving average price of $50.73. Athene Holding has a 52 week low of $43.25 and a 52 week high of $55.10. The stock has a market capitalization of $10.54 billion and a price-to-earnings ratio of 8.52.
Athene Holding (NYSE:ATH) last issued its quarterly earnings data on Wednesday, August 9th. The insurance provider reported $1.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.37. The business had revenue of $821 million for the quarter, compared to analysts’ expectations of $810.07 million. Analysts forecast that Athene Holding will post $4.83 earnings per share for the current year.
Athene Holding Company Profile
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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