Athene Holding Ltd (NYSE:ATH) has received an average recommendation of “Buy” from the seventeen ratings firms that are presently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $61.36.
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. Wells Fargo & Co set a $60.00 target price on Athene and gave the stock a “buy” rating in a report on Monday, December 4th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $63.00 target price on shares of Athene in a report on Friday, November 3rd. Scotiabank reaffirmed a “hold” rating on shares of Athene in a report on Monday, December 4th. Finally, UBS Group lifted their target price on Athene from $63.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, November 6th.
A number of institutional investors and hedge funds have recently modified their holdings of ATH. BlackRock Inc. increased its stake in Athene by 164.7% in the 2nd quarter. BlackRock Inc. now owns 5,112,966 shares of the insurance provider’s stock worth $253,652,000 after purchasing an additional 3,181,535 shares in the last quarter. Alliancebernstein L.P. purchased a new position in Athene in the 2nd quarter worth about $86,452,000. Vanguard Group Inc. increased its stake in Athene by 26.2% in the 2nd quarter. Vanguard Group Inc. now owns 7,938,480 shares of the insurance provider’s stock worth $393,827,000 after purchasing an additional 1,648,981 shares in the last quarter. StepStone Group LP acquired a new stake in Athene during the 2nd quarter worth about $76,530,000. Finally, California Public Employees Retirement System boosted its position in Athene by 152.5% during the 2nd quarter. California Public Employees Retirement System now owns 2,317,872 shares of the insurance provider’s stock worth $114,667,000 after acquiring an additional 1,399,908 shares during the period. 48.38% of the stock is currently owned by hedge funds and other institutional investors.
Athene (NYSE:ATH) last released its earnings results on Monday, November 6th. The insurance provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. The firm had revenue of $863.00 million for the quarter, compared to analyst estimates of $852.85 million. Athene had a return on equity of 13.31% and a net margin of 22.66%. research analysts predict that Athene will post 5.17 EPS for the current fiscal year.
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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