Athene (NYSE:ATH)‘s stock had its “buy” rating reiterated by investment analysts at Evercore ISI in a note issued to investors on Thursday. They presently have a $68.00 price objective on the insurance provider’s stock. Evercore ISI’s price target suggests a potential upside of 31.22% from the stock’s current price.
ATH has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Athene from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a report on Tuesday, October 10th. UBS increased their target price on shares of Athene from $63.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, November 6th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $63.00 target price on shares of Athene in a report on Friday, November 3rd. Royal Bank of Canada reiterated a “buy” rating on shares of Athene in a report on Monday, September 25th. Finally, Wells Fargo & Company set a $60.00 target price on shares of Athene and gave the stock a “buy” rating in a report on Monday, December 4th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $60.67.
Shares of Athene (ATH) opened at $51.82 on Thursday. Athene has a 1 year low of $45.15 and a 1 year high of $55.22. The stock has a market cap of $10,149.61 and a PE ratio of 7.63.
A number of institutional investors and hedge funds have recently modified their holdings of ATH. Nordea Investment Management AB purchased a new stake in Athene in the second quarter worth about $120,000. Envestnet Asset Management Inc. lifted its holdings in Athene by 661.1% in the third quarter. Envestnet Asset Management Inc. now owns 3,014 shares of the insurance provider’s stock worth $162,000 after buying an additional 2,618 shares during the period. Public Employees Retirement Association of Colorado lifted its holdings in Athene by 147.0% in the third quarter. Public Employees Retirement Association of Colorado now owns 3,379 shares of the insurance provider’s stock worth $182,000 after buying an additional 2,011 shares during the period. CIBC Asset Management Inc purchased a new stake in Athene in the third quarter worth about $200,000. Finally, Aperio Group LLC purchased a new stake in Athene in the second quarter worth about $209,000. Institutional investors and hedge funds own 48.38% of the company’s stock.
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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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