Athene Holding Ltd. (NYSE:ATH) had its price target boosted by research analysts at Royal Bank Of Canada from $59.00 to $66.00 in a research report issued on Friday. The brokerage currently has an “outperform” rating on the insurance provider’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 27.59% from the stock’s previous close.

Several other equities research analysts have also weighed in on ATH. BMO Capital Markets reissued a “hold” rating and set a $62.00 target price on shares of Athene Holding in a research report on Friday. Wells Fargo & Company raised Athene Holding to a “buy” rating in a research report on Wednesday. Zacks Investment Research raised Athene Holding from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Tuesday, May 16th. Deutsche Bank AG reissued a “hold” rating and set a $59.00 target price (up previously from $58.00) on shares of Athene Holding in a research report on Monday, May 15th. Finally, Credit Suisse Group raised Athene Holding from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $55.00 to $66.00 in a research report on Monday, June 19th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Athene Holding currently has a consensus rating of “Buy” and a consensus target price of $57.43.

Athene Holding (ATH) opened at 51.73 on Friday. Athene Holding has a 12-month low of $43.25 and a 12-month high of $55.10. The firm has a market cap of $10.37 billion and a P/E ratio of 9.50. The stock’s 50 day moving average is $49.99 and its 200 day moving average is $50.73.

Athene Holding (NYSE:ATH) last issued its earnings results on Wednesday, August 9th. The insurance provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.37. The business had revenue of $821 million for the quarter, compared to analyst estimates of $810.07 million. On average, equities research analysts expect that Athene Holding will post $4.83 EPS for the current year.

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In other Athene Holding news, major shareholder Apollo Management Holdings Gp, sold 7,602,830 shares of Athene Holding stock in a transaction that occurred on Monday, June 12th. The stock was 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 SEC, which can be accessed through the SEC website. Company insiders own 10.60% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Schroder Investment Management Group bought a new position in shares of Athene Holding during the first quarter valued at $36,993,000. Henderson Group PLC acquired a new stake in Athene Holding during the first quarter worth $12,498,000. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Athene Holding during the first quarter worth $6,049,000. JPMorgan Chase & Co. acquired a new stake in Athene Holding during the first quarter worth $42,878,000. Finally, Principal Financial Group Inc. increased its stake in Athene Holding by 29.7% in the first quarter. Principal Financial Group Inc. now owns 276,300 shares of the insurance provider’s stock worth $13,812,000 after buying an additional 63,202 shares during the period. Institutional investors own 37.91% of the company’s stock.

About Athene Holding

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.

Analyst Recommendations for Athene Holding (NYSE:ATH)

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