Athene Holding Ltd. (NYSE:ATH) had its target price upped by UBS AG from $63.00 to $65.00 in a report released on Monday, November 6th, www.benzinga.com reports. UBS AG currently has a neutral rating on the insurance provider’s stock.
Several other analysts have also recently issued reports on ATH. Zacks Investment Research upgraded Athene Holding from a hold rating to a buy rating and set a $56.00 target price for the company in a research report on Tuesday, July 11th. Wells Fargo & Company upgraded Athene Holding to a buy rating in a research report on Wednesday, August 9th. BMO Capital Markets restated a hold rating and set a $62.00 price target on shares of Athene Holding in a report on Friday, August 11th. Royal Bank Of Canada raised their price target on Athene Holding from $59.00 to $66.00 and gave the company an outperform rating in a report on Friday, August 11th. Finally, Sandler O’Neill upgraded Athene Holding from a hold rating to a buy rating in a report on Friday, August 11th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $59.79.
Athene Holding (NYSE:ATH) opened at $49.24 on Monday. Athene Holding has a 12 month low of $43.25 and a 12 month high of $55.22. The company has a market capitalization of $9,845.69 and a PE ratio of 9.14.
Athene Holding (NYSE:ATH) last posted its quarterly earnings data on Monday, November 6th. The insurance provider reported $1.18 EPS for the quarter, topping the consensus estimate of $1.12 by $0.06. Athene Holding had a return on equity of 13.31% and a net margin of 22.66%. The firm had revenue of $863.00 million for the quarter, compared to the consensus estimate of $852.85 million. equities analysts predict that Athene Holding will post 5.17 earnings per share for the current fiscal year.
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Several hedge funds have recently modified their holdings of ATH. Nordea Investment Management AB bought a new stake in shares of Athene Holding during the 2nd quarter worth approximately $120,000. LS Investment Advisors LLC bought a new stake in shares of Athene Holding during the 2nd quarter worth approximately $144,000. Daiwa Securities Group Inc. bought a new stake in shares of Athene Holding during the 2nd quarter worth approximately $149,000. Envestnet Asset Management Inc. lifted its stake in shares of Athene Holding by 661.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,014 shares of the insurance provider’s stock worth $162,000 after acquiring an additional 2,618 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its stake in shares of Athene Holding by 147.0% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 3,379 shares of the insurance provider’s stock worth $182,000 after acquiring an additional 2,011 shares during the last quarter. 48.91% of the stock is owned by hedge funds and other institutional investors.
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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