Shares of Athene Holding Ltd. (NYSE:ATH) have received an average rating of “Buy” from the nineteen ratings firms that are currently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $59.77.
ATH has been the topic of a number of research analyst reports. Canaccord Genuity reaffirmed a “buy” rating on shares of Athene in a report on Friday, November 3rd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $63.00 target price on shares of Athene in a report on Friday, November 3rd. Wells Fargo & Company reaffirmed a “buy” rating on shares of Athene in a report on Wednesday, November 1st. Goldman Sachs Group initiated coverage on shares of Athene in a report on Wednesday, October 18th. They issued a “buy” rating and a $63.00 target price on the stock. Finally, Zacks Investment Research raised shares of Athene from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a report on Tuesday, October 10th.
A number of institutional investors have recently added to or reduced their stakes in ATH. Teachers Advisors LLC bought a new position in Athene in the 1st quarter valued at about $1,113,000. Credit Suisse AG acquired a new position in shares of Athene during the 1st quarter worth approximately $682,000. Aperio Group LLC acquired a new position in shares of Athene during the 2nd quarter worth approximately $209,000. Janney Montgomery Scott LLC acquired a new position in shares of Athene during the 2nd quarter worth approximately $280,000. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Athene during the 2nd quarter worth approximately $149,000. 48.41% of the stock is currently owned by hedge funds and other institutional investors.
Athene (NYSE:ATH) last issued its quarterly earnings results on Monday, November 6th. The insurance provider reported $1.18 EPS for the quarter, topping the consensus estimate of $1.12 by $0.06. Athene had a net margin of 22.66% and a return on equity of 13.31%. The firm had revenue of $863.00 million for the quarter, compared to analysts’ expectations of $852.85 million. research analysts expect that Athene will post 5.17 earnings per share for the current fiscal year.
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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