Athene Holding Ltd (NYSE:ATH) Given Consensus Recommendation of “Buy” by Brokerages

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.

Athene (NYSE:ATH) last issued its quarterly earnings data on Tuesday, May 7th. The insurance provider reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.20). Athene had a return on equity of 13.32% and a net margin of 14.36%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the company earned $1.21 EPS. The firm’s revenue was up 24.7% compared to the same quarter last year. On average, equities research analysts predict that Athene will post 7.07 EPS for the current fiscal year.

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.

About Athene

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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Analyst Recommendations for Athene (NYSE:ATH)

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