Goldman Sachs Group, Inc. (The) started coverage on shares of Athene Holding Ltd. (NYSE:ATH) in a research report report published on Wednesday morning. The brokerage issued a buy rating and a $63.00 price objective on the insurance provider’s stock.
Other research analysts have also issued research reports about the company. Keefe, Bruyette & Woods set a $59.00 price target on Athene Holding and gave the stock a buy rating in a report on Friday, August 11th. Royal Bank Of Canada reiterated a buy rating on shares of Athene Holding in a report on Monday, September 25th. Wells Fargo & Company upgraded Athene Holding to a buy rating in a report on Wednesday, August 9th. Sandler O’Neill upgraded Athene Holding from a hold rating to a buy rating in a report on Friday, August 11th. Finally, BMO Capital Markets reiterated a hold rating and set a $62.00 price target on shares of Athene Holding in a report on Friday, August 11th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Athene Holding has an average rating of Buy and an average price target of $58.57.
Shares of Athene Holding (ATH) opened at 53.72 on Wednesday. The stock has a market cap of $10.75 billion and a P/E ratio of 8.69. The stock has a 50 day moving average of $53.86 and a 200 day moving average of $53.86. Athene Holding has a 52 week low of $43.25 and a 52 week high of $55.22.
Athene Holding (NYSE:ATH) last posted its quarterly earnings results on Wednesday, August 9th. The insurance provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.06 by $0.37. The company had revenue of $821.00 million for the quarter, compared to analysts’ expectations of $810.07 million. On average, analysts expect that Athene Holding will post $5.13 earnings per share for the current year.
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Institutional investors and hedge funds have recently modified their holdings of the stock. Nordea Investment Management AB purchased a new stake in Athene Holding in the 2nd quarter valued at about $120,000. LS Investment Advisors LLC purchased a new stake in Athene Holding in the 2nd quarter valued at about $144,000. Daiwa Securities Group Inc. purchased a new stake in Athene Holding in the 2nd quarter valued at about $149,000. North Star Investment Management Corp. purchased a new stake in Athene Holding in the 2nd quarter valued at about $188,000. Finally, Aperio Group LLC purchased a new stake in Athene Holding in the 2nd quarter valued at about $209,000. Hedge funds and other institutional investors own 47.48% of the company’s stock.
About Athene Holding
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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