Athene (NYSE:ATH)‘s stock had its “buy” rating reissued by analysts at Keefe, Bruyette & Woods in a research note issued to investors on Wednesday. They currently have a $65.00 price target on the insurance provider’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 59.24% from the stock’s previous close.
Other research analysts have also issued reports about the stock. Morgan Stanley increased their target price on shares of Athene from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Friday, September 21st. Bank of America reissued a “buy” rating and set a $67.00 target price on shares of Athene in a research note on Wednesday, October 3rd. SunTrust Banks reissued a “buy” rating and set a $59.00 target price on shares of Athene in a research note on Monday, November 5th. Finally, Wells Fargo & Co set a $67.00 target price on shares of Athene and gave the stock a “buy” rating in a research note on Wednesday, October 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $60.46.
Shares of NYSE ATH opened at $40.82 on Wednesday. The firm has a market cap of $8.05 billion, a P/E ratio of 7.21, a P/E/G ratio of 0.46 and a beta of 0.78. Athene has a 12-month low of $39.59 and a 12-month high of $53.92. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.26 and a current ratio of 0.26.
In other Athene news, insider Frank Lauren Gillis sold 1,000 shares of the firm’s stock in a transaction on Thursday, October 11th. The shares were sold at an average price of $50.04, for a total value of $50,040.00. Following the transaction, the insider now directly owns 218,638 shares of the company’s stock, valued at $10,940,645.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 8.46% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Csenge Advisory Group purchased a new stake in shares of Athene in the third quarter valued at about $202,000. WINTON GROUP Ltd purchased a new stake in shares of Athene in the third quarter valued at about $213,000. Bank of Hawaii purchased a new stake in shares of Athene in the third quarter valued at about $230,000. Cadence Capital Management LLC purchased a new stake in shares of Athene in the third quarter valued at about $266,000. Finally, Summit Trail Advisors LLC raised its holdings in shares of Athene by 20.2% in the second quarter. Summit Trail Advisors LLC now owns 6,124 shares of the insurance provider’s stock valued at $268,000 after purchasing an additional 1,028 shares during the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.
Athene Company Profile
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.
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