Analysts Set Athene Holding (ATH) Price Target at $62.91

Athene Holding (NYSE:ATH) has been given an average recommendation of “Buy” by the fifteen research firms that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $63.33.

ATH has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Athene from a “buy” rating to a “hold” rating in a research report on Friday, March 9th. Credit Suisse Group initiated coverage on shares of Athene in a research report on Wednesday, April 25th. They set an “outperform” rating and a $67.00 price objective for the company. UBS raised shares of Athene from a “neutral” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Friday, March 2nd. Citigroup reduced their price objective on shares of Athene from $58.00 to $54.00 and set a “neutral” rating for the company in a research report on Monday, February 26th. Finally, Morgan Stanley reduced their price objective on shares of Athene from $65.00 to $64.00 and set an “overweight” rating for the company in a research report on Thursday, April 5th.

In related news, insider Grant Kvalheim sold 85,000 shares of Athene stock in a transaction on Friday, March 16th. The shares were sold at an average price of $50.05, for a total value of $4,254,250.00. Following the completion of the sale, the insider now owns 1,554,013 shares of the company’s stock, valued at approximately $77,778,350.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Manfred Puffer sold 40,000 shares of Athene stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $50.44, for a total transaction of $2,017,600.00. Following the completion of the sale, the director now directly owns 15,728 shares of the company’s stock, valued at approximately $793,320.32. The disclosure for this sale can be found here. In the last three months, insiders sold 135,000 shares of company stock valued at $6,801,050. 8.46% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. CI Global Investments Inc. grew its position in Athene by 26.6% in the 4th quarter. CI Global Investments Inc. now owns 8,907,931 shares of the insurance provider’s stock valued at $460,629,000 after purchasing an additional 1,871,621 shares during the period. California Public Employees Retirement System grew its position in Athene by 230.7% in the 1st quarter. California Public Employees Retirement System now owns 8,508,869 shares of the insurance provider’s stock valued at $403,770,000 after purchasing an additional 5,936,184 shares during the period. BlackRock Inc. grew its position in Athene by 34.6% in the 1st quarter. BlackRock Inc. now owns 8,466,177 shares of the insurance provider’s stock valued at $404,767,000 after purchasing an additional 2,176,155 shares during the period. Neuberger Berman Group LLC lifted its stake in Athene by 1.5% during the 1st quarter. Neuberger Berman Group LLC now owns 5,652,321 shares of the insurance provider’s stock valued at $270,237,000 after acquiring an additional 83,027 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Athene by 51.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,502,829 shares of the insurance provider’s stock valued at $119,661,000 after acquiring an additional 852,630 shares in the last quarter. 51.24% of the stock is owned by institutional investors and hedge funds.

NYSE:ATH opened at $46.71 on Friday. The company has a market cap of $9.42 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 0.59 and a beta of 0.20. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.86 and a quick ratio of 0.86. Athene has a fifty-two week low of $46.71 and a fifty-two week high of $47.26.

Athene (NYSE:ATH) last announced its quarterly earnings data on Thursday, May 3rd. The insurance provider reported $1.21 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.03). The company had revenue of $855.00 million for the quarter, compared to analyst estimates of $906.05 million. Athene had a return on equity of 12.75% and a net margin of 16.41%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the business earned $1.32 EPS. sell-side analysts expect that Athene will post 5.33 EPS for the current year.

Athene Company Profile

Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products in the United States, the District of Columbia, and Germany. It offers fixed deferred, immediate, and payout annuities; and funding agreements and pension risk transfer products to institutional investors.

Analyst Recommendations for Athene (NYSE:ATH)

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