Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Athene (ATH) Share Price

News articles about Athene (NYSE:ATH) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Athene earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the insurance provider an impact score of 46.4842898674372 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:

Athene (ATH) traded down $0.62 during mid-day trading on Monday, hitting $46.69. The stock had a trading volume of 1,700,323 shares, compared to its average volume of 1,215,146. The company has a market capitalization of $9,459.78 and a P/E ratio of 8.78. Athene has a 12 month low of $43.25 and a 12 month high of $55.22.

Athene (NYSE:ATH) last released its earnings results on Monday, November 6th. The insurance provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. The company had revenue of $863.00 million during the quarter, compared to the consensus estimate of $852.85 million. Athene had a return on equity of 12.97% and a net margin of 18.66%. sell-side analysts expect that Athene will post 5.17 EPS for the current fiscal year.

Several equities analysts have issued reports on ATH shares. Canaccord Genuity reiterated a “buy” rating on shares of Athene in a research report on Friday, November 3rd. Wells Fargo & Company reiterated a “buy” rating on shares of Athene in a research report on Wednesday, November 1st. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $63.00 price objective on shares of Athene in a research report on Friday, November 3rd. UBS lifted their price objective on Athene from $63.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, November 6th. Finally, Zacks Investment Research upgraded Athene from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Tuesday, October 10th. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $59.80.

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About Athene

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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