News stories about Athene (NYSE:ATH) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Athene earned a news impact score of 0.04 on Accern’s scale. Accern also gave news articles about the insurance provider an impact score of 46.145505137847 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Athene Holding Ltd (ATH) Director Sells $529,200.00 in Stock (americanbankingnews.com)
- Athene (ATH) Downgraded by Zacks Investment Research (americanbankingnews.com)
- Athene announce secondary offering pricing (royalgazette.com)
- Athene Holding (ATH) in Focus: Stock Moves 5.7% Higher (finance.yahoo.com)
- Investors Purchase High Volume of Call Options on Athene (ATH) (americanbankingnews.com)
Shares of Athene (NYSE ATH) traded down $1.39 during mid-day trading on Wednesday, reaching $50.10. The company’s stock had a trading volume of 1,730,967 shares, compared to its average volume of 1,684,127. Athene has a one year low of $45.15 and a one year high of $55.22. The firm has a market cap of $10,100.00 and a price-to-earnings ratio of 6.72.
Several equities analysts have recently weighed in on ATH shares. Zacks Investment Research lowered Athene from a “buy” rating to a “hold” rating in a research note on Friday, March 9th. UBS Group raised Athene from a “neutral” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Friday, March 2nd. Citigroup reduced their price target on Athene from $58.00 to $54.00 and set a “neutral” rating on the stock in a research report on Monday, February 26th. Wells Fargo & Co set a $63.00 price target on Athene and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Finally, BMO Capital Markets reissued a “hold” rating and set a $61.00 price target on shares of Athene in a research report on Friday, December 22nd. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Athene currently has an average rating of “Buy” and an average target price of $61.92.
In other news, Director Manfred Puffer sold 10,000 shares of the company’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $52.92, for a total value of $529,200.00. Following the completion of the sale, the director now owns 55,728 shares in the company, valued at $2,949,125.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 10.60% of the company’s stock.
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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