Athene Holding Ltd (ATH) Receives Consensus Rating of “Buy” from Brokerages

Shares of Athene Holding Ltd (NYSE:ATH) have been assigned an average recommendation of “Buy” from the thirteen research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $56.69.

A number of research firms have commented on ATH. Zacks Investment Research cut shares of Athene from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Wells Fargo & Co restated a “buy” rating and issued a $53.00 price target on shares of Athene in a report on Tuesday, May 7th. Credit Suisse Group reduced their price target on shares of Athene from $67.00 to $57.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, BMO Capital Markets upgraded shares of Athene from a “market perform” rating to an “outperform” rating and set a $44.17 price target for the company in a report on Wednesday, February 27th.

Shares of ATH traded down $1.01 during trading hours on Thursday, hitting $42.58. 7,375 shares of the stock were exchanged, compared to its average volume of 1,594,199. Athene has a fifty-two week low of $37.20 and a fifty-two week high of $53.92. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.10. The stock has a market cap of $8.55 billion, a PE ratio of 7.33, a price-to-earnings-growth ratio of 0.38 and a beta of 0.92.

Athene (NYSE:ATH) last posted its quarterly earnings results on Tuesday, May 7th. The insurance provider reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.20). The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.25 billion. Athene had a return on equity of 13.32% and a net margin of 14.36%. The company’s revenue for the quarter was up 24.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.21 earnings per share. Sell-side analysts anticipate that Athene will post 7.13 EPS for the current fiscal year.

In other news, insider Frank Lauren Gillis sold 19,500 shares of Athene stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $41.88, for a total transaction of $816,660.00. Following the completion of the transaction, the insider now directly owns 207,213 shares in the company, valued at $8,678,080.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 78,000 shares of company stock valued at $3,393,975 over the last quarter. Corporate insiders own 8.46% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of ATH. CI Investments Inc. acquired a new position in shares of Athene during the fourth quarter valued at about $285,245,000. Wellington Management Group LLP grew its holdings in shares of Athene by 38.8% during the first quarter. Wellington Management Group LLP now owns 14,049,501 shares of the insurance provider’s stock valued at $573,219,000 after buying an additional 3,930,759 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Athene by 124.6% during the first quarter. Goldman Sachs Group Inc. now owns 3,894,625 shares of the insurance provider’s stock valued at $158,901,000 after buying an additional 2,160,427 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Athene by 82.3% during the first quarter. AQR Capital Management LLC now owns 4,692,433 shares of the insurance provider’s stock valued at $191,029,000 after buying an additional 2,118,776 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Athene during the fourth quarter valued at about $83,584,000. Hedge funds and other institutional investors own 68.35% of the company’s stock.

Athene Company Profile

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.

Further Reading: How does new data get added to a blockchain?

Analyst Recommendations for Athene (NYSE:ATH)

Receive News & Ratings for Athene Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Athene and related companies with MarketBeat.com's FREE daily email newsletter.