Athene Holding Ltd. (ATH) Upgraded at Sandler O’Neill
Athene Holding Ltd. (NYSE:ATH) was upgraded by analysts at Sandler O’Neill from a “hold” rating to a “buy” rating in a research report issued on Friday, The Fly reports.
Other analysts also recently issued research reports about the stock. 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. Zacks Investment Research raised shares of Athene Holding from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Tuesday, May 16th. Wells Fargo & Company raised shares of Athene Holding to a “buy” rating in a research report on Wednesday. BMO Capital Markets reiterated a “hold” rating and issued a $62.00 target price on shares of Athene Holding in a report on Friday. Finally, Deutsche Bank AG cut their target price on Athene Holding from $59.00 to $58.00 and set a “hold” rating on the stock in a report on Wednesday, April 19th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Athene Holding presently has a consensus rating of “Buy” and a consensus target price of $57.43.
Athene Holding (NYSE ATH) opened at 51.73 on Friday. The company has a market capitalization of $10.37 billion and a P/E ratio of 9.50. Athene Holding has a one year low of $43.25 and a one year high of $55.10. The company’s 50-day moving average is $49.99 and its 200 day moving average is $50.73.
Athene Holding (NYSE:ATH) last posted its earnings results on Wednesday, August 9th. The insurance provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.37. The company had revenue of $821 million during the quarter, compared to the consensus estimate of $810.07 million. Analysts predict that Athene Holding will post $4.83 EPS for the current year.
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In other news, major shareholder Apollo Management Holdings Gp, sold 7,602,830 shares of the company’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $49.00, for a total transaction of $372,538,670.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 10.60% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in ATH. Quantitative Systematic Strategies LLC purchased a new position in Athene Holding during the first quarter worth $2,682,000. Nationwide Fund Advisors increased its position in Athene Holding by 54.3% in the first quarter. Nationwide Fund Advisors now owns 195,957 shares of the insurance provider’s stock valued at $9,796,000 after buying an additional 68,941 shares during the period. Tealwood Asset Management Inc. bought a new position in Athene Holding during the first quarter valued at approximately $1,340,000. Russell Investments Group Ltd. increased its position in Athene Holding by 51.1% in the first quarter. Russell Investments Group Ltd. now owns 352,895 shares of the insurance provider’s stock valued at $17,637,000 after buying an additional 119,292 shares during the period. Finally, Wells Fargo & Company MN increased its position in Athene Holding by 1,129.0% in the first quarter. Wells Fargo & Company MN now owns 97,486 shares of the insurance provider’s stock valued at $4,874,000 after buying an additional 89,554 shares during the period. 37.91% of the stock is currently owned by hedge funds and other 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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