TheStreet Upgrades Athene (NYSE:ATH) to B-

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.

Athene (NYSE:ATH) last issued its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $1.34 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.44). The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.31 billion. Athene had a net margin of 11.56% and a return on equity of 10.45%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the business posted $1.90 earnings per share. Equities analysts predict that Athene will post 6.49 EPS for the current fiscal year.

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.

About Athene

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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Analyst Recommendations for Athene (NYSE:ATH)

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