Athene (NYSE:ATH) was upgraded by equities research analysts at TheStreet from a “c” rating to a “b-” rating in a research report issued to clients and investors on Monday, TheStreetRatingsTable reports.
Other equities research analysts have also recently issued research reports about the stock. ValuEngine cut shares of Athene from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Morgan Stanley reduced their price objective on shares of Athene from $56.00 to $55.00 and set an “overweight” rating for the company in a research report on Tuesday, August 20th. Wells Fargo & Co decreased their price objective on shares of Athene from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, October 8th. SunTrust Banks dropped their target price on shares of Athene to $52.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Finally, Citigroup dropped their target price on shares of Athene from $49.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $53.20.
NYSE ATH opened at $44.12 on Monday. The stock has a market capitalization of $8.19 billion, a price-to-earnings ratio of 7.58, a PEG ratio of 0.51 and a beta of 1.02. Athene has a twelve month low of $36.00 and a twelve month high of $46.07. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.07. The stock has a 50-day moving average of $43.86 and a 200 day moving average of $41.92.
In related news, Director Robert L. Borden sold 3,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $41.97, for a total transaction of $125,910.00. Following the completion of the sale, the director now directly owns 26,012 shares in the company, valued at $1,091,723.64. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Frank Lauren Gillis sold 10,000 shares of Athene stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $42.03, for a total transaction of $420,300.00. Following the transaction, the insider now directly owns 157,817 shares in the company, valued at $6,633,048.51. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,000 shares of company stock valued at $1,616,260. Insiders own 8.70% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. World Asset Management Inc increased its stake in Athene by 4.8% during the third quarter. World Asset Management Inc now owns 5,282 shares of the insurance provider’s stock worth $222,000 after acquiring an additional 242 shares during the last quarter. Synovus Financial Corp increased its position in shares of Athene by 3.5% during the 3rd quarter. Synovus Financial Corp now owns 7,120 shares of the insurance provider’s stock worth $301,000 after purchasing an additional 243 shares during the last quarter. MUFG Americas Holdings Corp raised its holdings in Athene by 6.2% in the 2nd quarter. MUFG Americas Holdings Corp now owns 5,784 shares of the insurance provider’s stock valued at $249,000 after buying an additional 340 shares during the period. Parallel Advisors LLC raised its holdings in Athene by 7.5% in the 2nd quarter. Parallel Advisors LLC now owns 5,231 shares of the insurance provider’s stock valued at $225,000 after buying an additional 367 shares during the period. Finally, Toronto Dominion Bank lifted its position in Athene by 1.3% in the second quarter. Toronto Dominion Bank now owns 34,239 shares of the insurance provider’s stock valued at $1,474,000 after buying an additional 426 shares during the last quarter. 69.53% of the stock is owned by institutional investors and hedge funds.
Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products in the United States and Bermuda. It offers fixed deferred, immediate, and payout annuities; and funding agreements and pension risk transfer products to institutional investors. The company's products are designed for individuals and institutions seeking to fund retirement needs.
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