Athene Holding Ltd. (ATH) Receives Consensus Recommendation of “Buy” from Analysts

Athene Holding Ltd. (NYSE:ATH) has earned an average recommendation of “Buy” from the seventeen ratings firms that are currently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $56.38.

Several equities analysts have recently commented on ATH shares. Deutsche Bank AG reaffirmed a “hold” rating and issued a $59.00 target price (up previously from $58.00) on shares of Athene Holding in a research report on Monday, May 15th. Zacks Investment Research raised Athene Holding from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research report on Tuesday, July 11th. Bank of America Corporation reaffirmed a “buy” rating and issued a $63.00 target price (up previously from $61.00) on shares of Athene Holding in a research report on Monday, May 15th. BMO Capital Markets reaffirmed a “neutral” rating and issued a $54.00 target price on shares of Athene Holding in a research report on Friday, May 12th. Finally, Credit Suisse Group upgraded Athene Holding from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $55.00 to $66.00 in a research note on Monday, June 19th.

Shares of Athene Holding (NYSE:ATH) opened at 50.05 on Monday. Athene Holding has a 12 month low of $43.25 and a 12 month high of $55.10. The firm has a 50 day moving average price of $49.84 and a 200-day moving average price of $50.62. The company has a market cap of $10.03 billion and a P/E ratio of 9.20.

Athene Holding (NYSE:ATH) last announced its quarterly earnings results on Wednesday, May 10th. The insurance provider reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.34. The business had revenue of $786 million for the quarter, compared to analyst estimates of $785.94 million. Athene Holding’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period last year, the firm earned $0.82 EPS. Analysts anticipate that Athene Holding will post $4.64 earnings per share for the current fiscal year.

In other Athene Holding news, major shareholder Apollo Management Holdings Gp, sold 7,602,830 shares of the stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $49.00, for a total transaction of $372,538,670.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 10.60% of the company’s stock.

A number of institutional investors have recently made changes to their positions in ATH. Three Peaks Capital Management LLC acquired a new position in shares of Athene Holding during the first quarter valued at $9,516,000. FSI Group LLC boosted its position in shares of Athene Holding by 76.9% in the first quarter. FSI Group LLC now owns 138,000 shares of the insurance provider’s stock valued at $6,899,000 after buying an additional 60,000 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Athene Holding by 69.9% in the first quarter. Bank of New York Mellon Corp now owns 1,949,674 shares of the insurance provider’s stock valued at $97,464,000 after buying an additional 802,093 shares during the last quarter. Henderson Group PLC acquired a new position in shares of Athene Holding during the first quarter valued at $12,498,000. Finally, Boston Partners boosted its position in shares of Athene Holding by 32.3% in the first quarter. Boston Partners now owns 63,096 shares of the insurance provider’s stock valued at $3,154,000 after buying an additional 15,400 shares during the last quarter. 37.91% of the stock is currently owned by institutional investors and hedge funds.

Athene Holding 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.