Athene Holding Ltd. (NYSE:ATH) Upgraded by Wells Fargo & Company to “Buy”
Athene Holding Ltd. (NYSE:ATH) was upgraded by Wells Fargo & Company to a “buy” rating in a research note issued on Wednesday.
A number of other analysts also recently issued reports on the stock. Deutsche Bank AG dropped their target price on shares of Athene Holding from $59.00 to $58.00 and set a “hold” rating for the company in a research report on Wednesday, April 19th. Bank of America Corporation reissued a “buy” rating and set a $63.00 target price (up previously from $61.00) on shares of Athene Holding in a research report on Monday, May 15th. Credit Suisse Group raised shares of Athene Holding from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $55.00 to $66.00 in a research report on Monday, June 19th. Zacks Investment Research raised shares of Athene Holding from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research report on Tuesday, July 11th. Finally, BMO Capital Markets reissued a “neutral” rating and set a $54.00 target price on shares of Athene Holding in a research report on Friday, May 12th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $56.21.
Athene Holding (NYSE ATH) traded down 2.08% on Wednesday, hitting $49.36. 1,470,188 shares of the stock traded hands. The stock has a market cap of $9.89 billion and a price-to-earnings ratio of 9.07. Athene Holding has a 12-month low of $43.25 and a 12-month high of $55.10. The firm’s 50-day moving average price is $49.91 and its 200-day moving average price is $50.61.
Athene Holding (NYSE:ATH) last posted its earnings results on Wednesday, August 9th. The insurance provider reported $1.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.37. On average, equities research analysts anticipate that Athene Holding will post $4.64 EPS for the current fiscal year.
In other Athene Holding news, major shareholder Apollo Management Holdings Gp, sold 7,602,830 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $49.00, for a total value of $372,538,670.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 10.60% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the stock. Tealwood Asset Management Inc. increased its stake in shares of Athene Holding by 4.2% in the second quarter. Tealwood Asset Management Inc. now owns 27,945 shares of the insurance provider’s stock valued at $1,386,000 after buying an additional 1,130 shares during the period. Bronfman E.L. Rothschild L.P. purchased a new stake in shares of Athene Holding during the first quarter valued at about $117,000. Quantbot Technologies LP purchased a new stake in shares of Athene Holding during the first quarter valued at about $126,000. LS Investment Advisors LLC purchased a new stake in shares of Athene Holding during the second quarter valued at about $144,000. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Athene Holding during the second quarter valued at about $149,000. 37.91% of the stock is owned by institutional investors.
Athene Holding Company Profile
Athene Holding Ltd. is an insurance holding company. The Company’s segments include Retirement Services, Corporate and Other. Retirement Services segment consists of the United States and Bermuda operations, which issue and reinsure retirement savings products and institutional products. Retirement Services has retail operations, which provide annuity retirement solutions to its policyholders.
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