Athene Holding Ltd. (ATH) Given New $65.00 Price Target at UBS AG

Athene Holding Ltd. (NYSE:ATH) had its price objective increased by UBS AG from $63.00 to $65.00 in a report issued on Monday, November 6th, www.benzinga.com reports. They currently have a neutral rating on the insurance provider’s stock.

ATH has been the subject of a number of other research reports. Zacks Investment Research raised Athene from a hold rating to a buy rating and set a $61.00 target price for the company in a report on Tuesday, October 10th. Keefe, Bruyette & Woods set a $59.00 target price on Athene and gave the stock a buy rating in a report on Friday, August 11th. Royal Bank Of Canada lifted their target price on Athene from $59.00 to $66.00 and gave the stock an outperform rating in a report on Friday, August 11th. Sandler O’Neill raised Athene from a hold rating to a buy rating in a report on Friday, August 11th. Finally, Goldman Sachs Group Inc began coverage on Athene in a report on Wednesday, October 18th. They set a buy rating and a $63.00 target price for the company. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Athene currently has a consensus rating of Buy and an average price target of $59.79.

Athene (NYSE ATH) traded down $0.35 during trading on Monday, hitting $48.95. The company had a trading volume of 554,462 shares, compared to its average volume of 1,536,582. Athene has a 12-month low of $43.25 and a 12-month high of $55.22. The firm has a market capitalization of $9,857.68 and a P/E ratio of 9.15.

Athene (NYSE:ATH) last released its earnings results on Monday, November 6th. The insurance provider reported $1.18 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.06. Athene had a return on equity of 13.31% and a net margin of 22.66%. The firm had revenue of $863.00 million during the quarter, compared to the consensus estimate of $852.85 million. equities analysts expect that Athene will post 5.17 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in ATH. Nordea Investment Management AB acquired a new position in Athene in the second quarter valued at approximately $120,000. LS Investment Advisors LLC purchased a new stake in shares of Athene in the second quarter valued at approximately $144,000. Daiwa Securities Group Inc. purchased a new stake in shares of Athene in the second quarter valued at approximately $149,000. Envestnet Asset Management Inc. increased its position in shares of Athene by 661.1% in the third quarter. Envestnet Asset Management Inc. now owns 3,014 shares of the insurance provider’s stock valued at $162,000 after buying an additional 2,618 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado increased its position in shares of Athene by 147.0% in the third quarter. Public Employees Retirement Association of Colorado now owns 3,379 shares of the insurance provider’s stock valued at $182,000 after buying an additional 2,011 shares in the last quarter. 48.99% of the stock is owned by institutional investors.

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About Athene

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.

Analyst Recommendations for Athene (NYSE:ATH)

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