Athene Holding’s (ATH) “Hold” Rating Reaffirmed at BMO Capital Markets
Athene Holding Ltd. (NYSE:ATH)‘s stock had its “hold” rating reaffirmed by research analysts at BMO Capital Markets in a research note issued to investors on Friday. They presently have a $62.00 price target on the insurance provider’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 19.85% from the company’s previous close.
A number of other equities research analysts have also weighed in on the company. 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 $56.00 target price for the company in a research report on Tuesday, July 11th. Credit Suisse Group raised Athene Holding from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $55.00 to $66.00 in a research report on Monday, June 19th. Deutsche Bank AG reaffirmed a “hold” rating and set a $59.00 target price (up from $58.00) on shares of Athene Holding in a research report on Monday, May 15th. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $63.00 target price (up from $61.00) on shares of Athene Holding in a research report on Monday, May 15th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Athene Holding currently has an average rating of “Buy” and a consensus target price of $56.79.
Athene Holding (NYSE 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 company has a market cap of $10.37 billion and a P/E ratio of 9.50. The firm has a 50-day moving average price of $49.99 and a 200-day moving average price of $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, beating the Zacks’ consensus estimate of $1.06 by $0.37. The firm had revenue of $821 million for the quarter, compared to the consensus estimate of $810.07 million. On average, equities research analysts forecast that Athene Holding will post $4.64 earnings per share for the current fiscal year.
In other news, major shareholder Apollo Management Holdings Gp, sold 7,602,830 shares of the business’s stock in a transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 10.60% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ATH. Quantitative Systematic Strategies LLC bought a new position in Athene Holding during the first quarter valued at approximately $2,682,000. Nationwide Fund Advisors raised 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 last quarter. 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. raised 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 last quarter. Finally, Wells Fargo & Company MN raised 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 last quarter. 37.91% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Athene Holding Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Athene Holding Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.