Athene (NYSE:ATH) announced its quarterly earnings results on Wednesday. The insurance provider reported $1.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.46, Bloomberg Earnings reports. Athene had a net margin of 22.66% and a return on equity of 13.31%. During the same period last year, the firm posted $1.80 EPS.
Athene (ATH) opened at $48.62 on Thursday. The firm has a market cap of $9,684.38, a price-to-earnings ratio of 8.99, a P/E/G ratio of 0.62 and a beta of -0.39. Athene has a 1-year low of $45.15 and a 1-year high of $55.22.
A number of equities analysts have weighed in on the stock. Wells Fargo & Co reiterated a “buy” rating and issued a $63.00 price target on shares of Athene in a report on Friday, December 22nd. Evercore ISI reiterated a “buy” rating and issued a $68.00 price target on shares of Athene in a report on Thursday, December 21st. UBS Group lifted their price target on shares of Athene from $63.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, November 6th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $63.00 price target on shares of Athene in a report on Friday, November 3rd. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $61.00 price target on shares of Athene in a report on Friday, December 22nd. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $63.00.
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.
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