Athene Holding Ltd (NYSE:ATH) Given Consensus Recommendation of “Buy” by Analysts

Athene Holding Ltd (NYSE:ATH) has been given a consensus rating of “Buy” by the thirteen research firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $54.11.

A number of analysts recently weighed in on ATH shares. SunTrust Banks dropped their price objective on shares of Athene to $52.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Morgan Stanley dropped their target price on Athene from $56.00 to $55.00 and set an “overweight” rating on the stock in a report on Tuesday, August 20th. Wells Fargo & Co decreased their price target on Athene from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Tuesday, October 8th. ValuEngine cut Athene from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Finally, Zacks Investment Research downgraded Athene from a “hold” rating to a “strong sell” rating in a research note on Friday, November 8th.

NYSE ATH opened at $44.36 on Monday. Athene has a one year low of $36.00 and a one year high of $46.07. The firm has a market capitalization of $8.19 billion, a PE ratio of 7.62, a price-to-earnings-growth ratio of 0.51 and a beta of 1.02. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.11 and a current ratio of 0.11. The company has a 50-day simple moving average of $43.59 and a 200-day simple moving average of $41.90.

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

In related news, Director Robert L. Borden sold 3,000 shares of Athene stock in a transaction on Friday, November 15th. The stock was sold at an average price of $44.35, for a total value of $133,050.00. Following the transaction, the director now directly owns 20,012 shares in the company, valued at approximately $887,532.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Frank Lauren Gillis sold 10,000 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $43.89, for a total value of $438,900.00. Following the sale, the insider now directly owns 137,817 shares in the company, valued at $6,048,788.13. The disclosure for this sale can be found here. Insiders sold a total of 39,000 shares of company stock worth $1,616,260 over the last quarter. Insiders own 8.70% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. World Asset Management Inc raised its holdings in Athene by 4.8% during the 3rd quarter. World Asset Management Inc now owns 5,282 shares of the insurance provider’s stock worth $222,000 after buying an additional 242 shares during the period. Synovus Financial Corp increased its position in shares of Athene by 3.5% in the third quarter. Synovus Financial Corp now owns 7,120 shares of the insurance provider’s stock worth $301,000 after acquiring an additional 243 shares in the last quarter. MUFG Americas Holdings Corp increased its position in shares of Athene by 6.2% in the second quarter. MUFG Americas Holdings Corp now owns 5,784 shares of the insurance provider’s stock worth $249,000 after acquiring an additional 340 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Athene by 7.5% in the second quarter. Parallel Advisors LLC now owns 5,231 shares of the insurance provider’s stock worth $225,000 after acquiring an additional 367 shares in the last quarter. Finally, Toronto Dominion Bank raised its holdings in shares of Athene by 1.3% during the second quarter. Toronto Dominion Bank now owns 34,239 shares of the insurance provider’s stock valued at $1,474,000 after acquiring an additional 426 shares during the period. 69.53% of the stock is owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Athene (NYSE:ATH)

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