Athene Holding Ltd (ATH) Receives Average Rating of “Buy” from Analysts

Shares of Athene Holding Ltd (NYSE:ATH) have received a consensus rating of “Buy” from the fourteen brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $59.60.

ATH has been the subject of several recent research reports. Zacks Investment Research cut Athene from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 1st. Wells Fargo & Co set a $67.00 target price on Athene and gave the stock a “buy” rating in a report on Wednesday, October 31st. TD Securities reiterated a “buy” rating on shares of Athene in a report on Monday, January 7th. BMO Capital Markets reiterated a “hold” rating on shares of Athene in a report on Monday, January 7th. Finally, SunTrust Banks reiterated a “buy” rating and set a $59.00 target price on shares of Athene in a report on Monday, November 5th.

Shares of ATH stock traded up $0.96 on Tuesday, hitting $44.33. 1,266,892 shares of the stock were exchanged, compared to its average volume of 1,309,662. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.26 and a quick ratio of 0.26. The stock has a market capitalization of $8.86 billion, a P/E ratio of 7.83, a P/E/G ratio of 0.42 and a beta of 0.85. Athene has a fifty-two week low of $37.20 and a fifty-two week high of $53.92.

A number of large investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue raised its stake in Athene by 2.0% in the fourth quarter. State of Alaska Department of Revenue now owns 16,870 shares of the insurance provider’s stock valued at $671,000 after buying an additional 327 shares during the period. Daiwa Securities Group Inc. grew its position in Athene by 7.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 5,549 shares of the insurance provider’s stock worth $221,000 after buying an additional 400 shares in the last quarter. LaSalle Street Capital Management LLC grew its position in Athene by 3.0% during the fourth quarter. LaSalle Street Capital Management LLC now owns 23,926 shares of the insurance provider’s stock worth $953,000 after buying an additional 701 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its position in Athene by 5.5% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 14,103 shares of the insurance provider’s stock worth $562,000 after buying an additional 730 shares in the last quarter. Finally, Gradient Investments LLC acquired a new stake in Athene during the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 70.96% of the company’s stock.

About Athene

Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products in the United States, the District of Columbia, and Germany. It offers fixed deferred, immediate, and payout annuities; and funding agreements and pension risk transfer products to institutional investors.

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Analyst Recommendations for Athene (NYSE:ATH)

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