The Athene Holding Ltd (ATH) Receives Average Rating of “Buy” from Brokerages

The Athene Holding Ltd (ATH) Receives Average Rating of “Buy” from Brokerages

A number of equities research analysts recently commented on ATH shares. Deutsche Bank AG reiterated 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. Barclays PLC reiterated a “buy” rating on shares of Athene Holding in a research report on Monday, February 20th. Morgan Stanley upgraded Athene Holding from an “equal weight” rating to an “overweight” rating and set a $58.00 target price on the stock in a research report on Monday, April 3rd. Bank of America Corp reiterated 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. Finally, BMO Capital Markets restated a “neutral” rating and issued a $54.00 price objective on shares of Athene Holding in a research report on Friday, May 12th.

Shares of Athene Holding Ltd (NYSE:ATH) have been given a consensus recommendation of “Buy” by the sixteen research firms that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $55.75.

Athene Holding (NYSE ATH) opened at 49.17 on Monday. The stock’s 50 day moving average is $52.27 and its 200-day moving average is $50.08. Athene Holding has a one year low of $43.25 and a one year high of $55.10. The firm has a market capitalization of $9.86 billion and a PE ratio of 9.03. Athene Holding (NYSE:ATH) last issued its earnings results on Wednesday, May 10th. The insurance provider reported $1.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.34. The firm had revenue of $786 million during the quarter, compared to analysts’ expectations of $785.94 million. Athene Holding’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 EPS. On average, analysts anticipate that Athene Holding will post $4.65 EPS for the current fiscal year.

In other news, major shareholder Apollo Management Holdings Gp, sold 12,532,624 shares of the stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $48.50, for a total transaction of $607,832,264.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS Oconnor LLC acquired a new position in shares of Athene Holding during the first quarter worth about $4,876,000. Point72 Asset Management L.P. increased its position in Athene Holding by 429.3% in the first quarter. Point72 Asset Management L.P. now owns 1,852,400 shares of the insurance provider’s stock valued at $92,601,000 after buying an additional 1,502,400 shares in the last quarter. Point72 Europe London LLP purchased a new position in Athene Holding during the first quarter valued at approximately $6,154,000. Tyrus Capital S.A.M. purchased a new position in Athene Holding during the first quarter valued at approximately $250,000. Finally, FNY Partners Fund LP purchased a new position in Athene Holding during the first quarter valued at approximately $1,470,000. Hedge funds and other institutional investors own 17.16% of the company’s stock.

In other news, major shareholder Apollo Management Holdings Gp, sold 12,532,624 shares of the stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $48.50, for a total transaction of $607,832,264.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. About Athene Holding

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ATH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”}); Receive News & Ratings for Athene Holding Ltd Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Athene Holding Ltd and related companies with MarketBeat.com’s FREE daily email newsletter.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ATH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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