Athene Holding Ltd (NYSE:ATH) has been given a consensus recommendation of “Buy” by the fifteen research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $61.00.
ATH has been the subject of several recent analyst reports. Zacks Investment Research raised Athene from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Wednesday, July 4th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Athene in a research note on Friday, August 3rd. Wells Fargo & Co reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Athene in a research note on Friday, August 3rd. Barclays dropped their price objective on Athene from $51.00 to $47.00 and set an “equal weight” rating for the company in a research note on Monday, July 9th. Finally, Citigroup reaffirmed a “hold” rating on shares of Athene in a research note on Wednesday, July 11th.
ATH stock traded up $1.65 during midday trading on Friday, hitting $53.23. 92,961 shares of the company’s stock were exchanged, compared to its average volume of 733,196. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.12. The stock has a market cap of $10.24 billion, a price-to-earnings ratio of 9.34, a price-to-earnings-growth ratio of 0.58 and a beta of 0.38. Athene has a 1-year low of $43.09 and a 1-year high of $55.22.
In related news, Director Hope S. Taitz sold 10,000 shares of Athene stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $49.90, for a total value of $499,000.00. Following the completion of the transaction, the director now directly owns 61,269 shares in the company, valued at $3,057,323.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Grant Kvalheim sold 2,505 shares of Athene stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $50.01, for a total value of $125,275.05. Following the completion of the transaction, the insider now owns 1,631,434 shares of the company’s stock, valued at $81,588,014.34. The disclosure for this sale can be found here. Insiders sold 368,884 shares of company stock valued at $18,570,589 over the last ninety days. Insiders own 8.46% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Brown Advisory Inc. purchased a new position in Athene in the first quarter valued at $241,000. Summit Trail Advisors LLC lifted its holdings in Athene by 20.2% during the 2nd quarter. Summit Trail Advisors LLC now owns 6,124 shares of the insurance provider’s stock worth $268,000 after buying an additional 1,028 shares during the last quarter. Comerica Bank lifted its holdings in Athene by 29.9% during the 2nd quarter. Comerica Bank now owns 6,062 shares of the insurance provider’s stock worth $270,000 after buying an additional 1,395 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Athene by 236.8% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 5,685 shares of the insurance provider’s stock worth $271,000 after buying an additional 3,997 shares during the last quarter. Finally, Sciencast Management LP purchased a new stake in Athene during the 1st quarter worth about $358,000. Hedge funds and other institutional investors own 67.76% of the company’s stock.
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.
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