Athene Holding Ltd (NYSE:ATH) has received a consensus rating of “Buy” from the ten brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $57.15.
A number of brokerages have commented on ATH. Morgan Stanley increased their price objective on shares of Williams-Sonoma from $52.00 to $56.00 and gave the stock an “underweight” rating in a report on Wednesday, July 10th. Wells Fargo & Co lowered shares of Mylan from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $33.00 to $22.00 in a report on Tuesday, May 7th. Zacks Investment Research raised shares of DLH from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Finally, Credit Suisse Group decreased their price objective on shares of Athene from $67.00 to $57.00 and set an “outperform” rating on the stock in a report on Tuesday, May 21st.
NYSE:ATH traded down $0.68 during mid-day trading on Friday, reaching $41.81. 22,186 shares of the company were exchanged, compared to its average volume of 1,259,483. Athene has a 12 month low of $37.20 and a 12 month high of $53.92. The firm’s fifty day moving average is $42.85. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a market capitalization of $8.34 billion, a PE ratio of 7.21, a PEG ratio of 0.38 and a beta of 0.98.
In other news, insider Frank Lauren Gillis sold 19,500 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $44.98, for a total value of $877,110.00. Following the transaction, the insider now owns 197,817 shares of the company’s stock, valued at approximately $8,897,808.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marc A. Beilinson purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average price of $25.00 per share, for a total transaction of $250,000.00. Following the completion of the transaction, the director now directly owns 187,817 shares in the company, valued at $4,695,425. The disclosure for this purchase can be found here. Insiders bought a total of 130,000 shares of company stock worth $3,250,000 in the last ninety days. Insiders own 8.70% of the company’s stock.
Several large investors have recently made changes to their positions in ATH. Natixis Advisors L.P. raised its holdings in Athene by 21.1% during the 4th quarter. Natixis Advisors L.P. now owns 65,488 shares of the insurance provider’s stock worth $2,608,000 after buying an additional 11,425 shares during the period. MYDA Advisors LLC acquired a new stake in Athene during the 1st quarter worth approximately $490,000. ICONIQ Capital LLC acquired a new stake in Athene during the 1st quarter worth approximately $240,000. Principal Financial Group Inc. raised its holdings in Athene by 2,994.9% during the 4th quarter. Principal Financial Group Inc. now owns 619,289 shares of the insurance provider’s stock worth $24,667,000 after buying an additional 599,279 shares during the period. Finally, Amundi Pioneer Asset Management Inc. raised its holdings in Athene by 252.8% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 152,530 shares of the insurance provider’s stock worth $6,075,000 after buying an additional 109,291 shares during the period. Institutional investors and hedge funds own 71.87% of the company’s stock.
Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products in the United States and Bermuda. It offers fixed deferred, immediate, and payout annuities; and funding agreements and pension risk transfer products to institutional investors. The company's products are designed for individuals and institutions seeking to fund retirement needs.
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