Athene (ATH) Given a $60.00 Price Target by Wells Fargo & Company Analysts

Athene (NYSE:ATH) received a $60.00 target price from analysts at Wells Fargo & Company in a research report issued on Monday. The brokerage currently has a “buy” rating on the insurance provider’s stock. Wells Fargo & Company’s price objective points to a potential upside of 28.51% from the stock’s previous close.

A number of other equities analysts also recently commented on ATH. BMO Capital Markets reaffirmed a “hold” rating and issued a $62.00 price objective on shares of Athene in a report on Friday, August 11th. Sandler O’Neill raised shares of Athene from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Royal Bank Of Canada lifted their price objective on shares of Athene from $59.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday, August 11th. Keefe, Bruyette & Woods set a $59.00 price objective on shares of Athene and gave the stock a “buy” rating in a report on Friday, August 11th. Finally, Zacks Investment Research downgraded shares of Athene from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $59.80.

Athene (ATH) traded down $0.62 during trading on Monday, reaching $46.69. 1,700,323 shares of the company’s stock were exchanged, compared to its average volume of 1,215,146. The firm has a market capitalization of $9,459.78 and a P/E ratio of 8.78. Athene has a 1 year low of $43.25 and a 1 year high of $55.22.

Athene (NYSE:ATH) last released its quarterly earnings data on Monday, November 6th. The insurance provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. The firm had revenue of $863.00 million during the quarter, compared to the consensus estimate of $852.85 million. Athene had a net margin of 18.66% and a return on equity of 12.97%. equities analysts forecast that Athene will post 5.17 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Prudential Financial Inc. raised its stake in shares of Athene by 1.7% during the third quarter. Prudential Financial Inc. now owns 73,020 shares of the insurance provider’s stock valued at $3,931,000 after purchasing an additional 1,250 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of Athene by 56.7% during the third quarter. LS Investment Advisors LLC now owns 4,561 shares of the insurance provider’s stock valued at $246,000 after purchasing an additional 1,650 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Athene by 10.8% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 16,986 shares of the insurance provider’s stock valued at $915,000 after purchasing an additional 1,658 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Athene by 11.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,976 shares of the insurance provider’s stock worth $1,022,000 after acquiring an additional 1,921 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its position in 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 worth $182,000 after acquiring an additional 2,011 shares in the last quarter. Institutional investors and hedge funds own 48.41% of the company’s stock.

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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.

Analyst Recommendations for Athene (NYSE:ATH)

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