Athene (ATH) Given Buy Rating at Canaccord Genuity
ATH has been the topic of several other reports. Wells Fargo & Company reissued a buy rating on shares of Athene in a research note on Wednesday, November 1st. Keefe, Bruyette & Woods reissued a buy rating and issued a $63.00 price target on shares of Athene in a research note on Friday, November 3rd. Zacks Investment Research lowered Athene from a buy rating to a hold rating in a research note on Friday, August 11th. UBS boosted their price target on Athene from $63.00 to $65.00 and gave the company a neutral rating in a research note on Monday, November 6th. Finally, Goldman Sachs Group initiated coverage on Athene in a research note on Wednesday, October 18th. They issued a buy rating and a $63.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $59.80.
Athene (NYSE:ATH) traded up $3.61 during trading on Thursday, hitting $51.50. The company had a trading volume of 3,187,700 shares, compared to its average volume of 1,223,611. The firm has a market capitalization of $10,300.00 and a price-to-earnings ratio of 8.92. Athene has a one year low of $43.25 and a one year high of $55.22.
Athene (NYSE:ATH) last posted its quarterly earnings data on Monday, November 6th. The insurance provider reported $1.18 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.06. Athene had a return on equity of 13.31% and a net margin of 22.66%. The company had revenue of $863.00 million for the quarter, compared to analyst estimates of $852.85 million. sell-side analysts anticipate that Athene will post 5.17 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ATH. BlackRock Inc. increased its holdings in shares of Athene by 164.7% during the second quarter. BlackRock Inc. now owns 5,112,966 shares of the insurance provider’s stock valued at $253,652,000 after acquiring an additional 3,181,535 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Athene by 46.7% during the second quarter. Neuberger Berman Group LLC now owns 6,067,906 shares of the insurance provider’s stock valued at $301,029,000 after acquiring an additional 1,932,900 shares in the last quarter. Alliancebernstein L.P. bought a new stake in shares of Athene during the second quarter valued at approximately $86,452,000. Vanguard Group Inc. increased its holdings in shares of Athene by 26.2% during the second quarter. Vanguard Group Inc. now owns 7,938,480 shares of the insurance provider’s stock valued at $393,827,000 after acquiring an additional 1,648,981 shares in the last quarter. Finally, StepStone Group LP bought a new stake in shares of Athene during the second quarter valued at approximately $76,530,000. Hedge funds and other institutional investors own 48.41% of the company’s stock.
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Athene 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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