Athene Holding Ltd (NYSE:ATH) Receives Consensus Recommendation of “Hold” from Analysts

Athene Holding Ltd (NYSE:ATH) has earned an average rating of “Hold” from the thirteen brokerages that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $54.11.

Several brokerages have recently weighed in on ATH. Wells Fargo & Co decreased their price objective on Athene from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, October 8th. Citigroup decreased their price objective on Athene from $49.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, September 13th. Bank of America reissued a “buy” rating and set a $49.00 price objective on shares of Athene in a report on Monday, August 5th. SunTrust Banks decreased their price objective on Athene to $52.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, Royal Bank of Canada lowered Athene from a “sector perform” rating to an “underperform” rating in a report on Friday, October 18th.

In related news, insider Frank Lauren Gillis sold 10,000 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $42.03, for a total value of $420,300.00. Following the sale, the insider now owns 157,817 shares of the company’s stock, valued at approximately $6,633,048.51. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO James Richard Belardi purchased 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was bought at an average cost of $25.00 per share, for a total transaction of $1,000,000.00. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 39,000 shares of company stock worth $1,616,260. 8.70% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Trexquant Investment LP bought a new position in Athene in the 2nd quarter valued at $1,456,000. Robeco Institutional Asset Management B.V. raised its position in Athene by 84.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 114,274 shares of the insurance provider’s stock valued at $4,805,000 after purchasing an additional 52,246 shares during the last quarter. IFM Investors Pty Ltd raised its position in Athene by 108.8% in the 3rd quarter. IFM Investors Pty Ltd now owns 18,459 shares of the insurance provider’s stock valued at $776,000 after purchasing an additional 9,617 shares during the last quarter. SG Americas Securities LLC raised its position in Athene by 14.9% in the 3rd quarter. SG Americas Securities LLC now owns 49,382 shares of the insurance provider’s stock valued at $2,077,000 after purchasing an additional 6,386 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Athene by 3.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 596,406 shares of the insurance provider’s stock valued at $25,682,000 after purchasing an additional 17,943 shares during the last quarter. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Shares of NYSE:ATH traded up $0.55 during trading on Thursday, hitting $44.07. 1,673,084 shares of the stock were exchanged, compared to its average volume of 1,469,684. Athene has a 1-year low of $36.00 and a 1-year high of $46.07. The company has a market capitalization of $8.04 billion, a price-to-earnings ratio of 7.57, a price-to-earnings-growth ratio of 0.50 and a beta of 1.01. The company’s fifty day simple moving average is $41.95 and its 200-day simple moving average is $41.90. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.11 and a current ratio of 0.11.

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

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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