Athene Holding (ATH) Receives $62.64 Average Target Price from Analysts

Athene Holding (NYSE:ATH) has received a consensus rating of “Buy” from the seventeen research firms that are presently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $62.64.

A number of research analysts have issued reports on ATH shares. Zacks Investment Research downgraded Athene from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Citigroup decreased their price target on Athene from $58.00 to $54.00 and set a “neutral” rating for the company in a report on Monday, February 26th. BMO Capital Markets reissued a “hold” rating and issued a $61.00 price target on shares of Athene in a report on Friday, December 22nd. Wells Fargo reissued a “buy” rating and issued a $63.00 price target on shares of Athene in a report on Friday, December 22nd. Finally, Morgan Stanley decreased their price target on Athene from $65.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday, April 5th.

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In other news, insider Grant Kvalheim sold 85,000 shares of the company’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $50.05, for a total transaction of $4,254,250.00. Following the completion of the transaction, the insider now directly owns 1,554,013 shares of the company’s stock, valued at approximately $77,778,350.65. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Manfred Puffer sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $52.92, for a total value of $529,200.00. Following the transaction, the director now directly owns 55,728 shares of the company’s stock, valued at $2,949,125.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 135,000 shares of company stock valued at $6,801,050. Corporate insiders own 10.60% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Allianz Asset Management GmbH raised its stake in shares of Athene by 240.9% during the 4th quarter. Allianz Asset Management GmbH now owns 631,569 shares of the insurance provider’s stock worth $32,658,000 after buying an additional 446,315 shares during the period. First Republic Investment Management Inc. acquired a new position in Athene in the 4th quarter valued at $351,000. Toronto Dominion Bank raised its stake in Athene by 40.5% in the 4th quarter. Toronto Dominion Bank now owns 6,339 shares of the insurance provider’s stock valued at $327,000 after purchasing an additional 1,827 shares during the last quarter. Teachers Advisors LLC raised its stake in Athene by 9.0% in the 4th quarter. Teachers Advisors LLC now owns 318,125 shares of the insurance provider’s stock valued at $16,450,000 after purchasing an additional 26,284 shares during the last quarter. Finally, Honeywell International Inc. raised its stake in Athene by 27.0% in the 4th quarter. Honeywell International Inc. now owns 571,400 shares of the insurance provider’s stock valued at $29,547,000 after purchasing an additional 121,400 shares during the last quarter. 50.51% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE ATH opened at $49.34 on Wednesday. Athene has a 52 week low of $45.15 and a 52 week high of $55.22. The company has a market capitalization of $9,864.97, a P/E ratio of 8.72, a PEG ratio of 0.62 and a beta of 0.23.

Athene (NYSE:ATH) last announced its quarterly earnings results on Wednesday, February 21st. The insurance provider reported $1.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.46. Athene had a return on equity of 12.97% and a net margin of 16.47%. The company had revenue of $861.00 million during the quarter, compared to the consensus estimate of $884.38 million. During the same period in the previous year, the company posted $1.80 earnings per share. equities analysts expect that Athene will post 5.28 EPS for the current year.

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About Athene

Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products in the United States, the District of Columbia, and Germany. It offers fixed deferred, immediate, and payout annuities; and funding agreements and pension risk transfer products to institutional investors.

Analyst Recommendations for Athene (NYSE:ATH)

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