Athene Holding Ltd (NYSE:ATH) has been given a consensus recommendation of “Buy” by the seventeen analysts that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $57.92.
A number of research firms have issued reports on ATH. Keefe, Bruyette & Woods set a $59.00 price objective on shares of Athene Holding and gave the company a “buy” rating in a report on Friday, August 11th. Zacks Investment Research downgraded shares of Athene Holding from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Sandler O’Neill raised shares of Athene Holding from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Royal Bank Of Canada boosted their price objective on shares of Athene Holding from $59.00 to $66.00 and gave the company an “outperform” rating in a report on Friday, August 11th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $62.00 price objective on shares of Athene Holding in a report on Friday, August 11th.
Shares of Athene Holding (NYSE:ATH) remained flat at $52.84 on Friday. The stock had a trading volume of 563,492 shares. Athene Holding has a one year low of $43.25 and a one year high of $55.10. The firm has a market capitalization of $10.59 billion and a P/E ratio of 8.37. The stock has a 50 day moving average of $50.34 and a 200-day moving average of $50.93.
Athene Holding (NYSE:ATH) last posted its quarterly earnings data on Wednesday, August 9th. The insurance provider reported $1.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.37. The firm had revenue of $821 million during the quarter, compared to the consensus estimate of $810.07 million. Athene Holding had a net margin of 19.00% and a return on equity of 16.47%. Equities research analysts expect that Athene Holding will post $5.06 EPS for the current fiscal year.
In other 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 shares were sold at an average price of $49.00, for a total transaction of $372,538,670.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 10.60% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. purchased a new stake in shares of Athene Holding during the first quarter worth $117,000. Nordea Investment Management AB purchased a new stake in shares of Athene Holding during the second quarter worth $120,000. Quantbot Technologies LP purchased a new stake in shares of Athene Holding during the first quarter worth $126,000. LS Investment Advisors LLC purchased a new stake in shares of Athene Holding during the second quarter worth $144,000. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Athene Holding during the second quarter worth $149,000. 40.11% of the stock is owned by institutional investors.
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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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