Zacks Investment Research upgraded shares of Athene (NYSE:ATH) from a hold rating to a buy rating in a research note published on Wednesday. The firm currently has $56.00 price objective on the insurance provider’s stock.
According to Zacks, “Athene Holding Ltd. is a retirement services company. Its products and services include Fixed and fixed indexed annuity products, Reinsurance services offered to third-party annuity providers and Institutional products, such as funding agreements. Athene Holding Ltd. is based in Pembroke, Bermuda. “
ATH has been the subject of a number of other reports. Evercore ISI reiterated a buy rating and set a $68.00 price objective on shares of Athene in a research report on Thursday, December 21st. Wells Fargo & Co restated a buy rating and issued a $63.00 price target on shares of Athene in a research report on Friday, December 22nd. Canaccord Genuity restated a buy rating on shares of Athene in a research report on Thursday, December 7th. BMO Capital Markets restated a hold rating and issued a $61.00 price target on shares of Athene in a research report on Friday, December 22nd. Finally, UBS Group upgraded shares of Athene from a neutral rating to a buy rating and set a $65.00 price target for the company in a research report on Friday, March 2nd. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Athene currently has an average rating of Buy and an average target price of $61.92.
Athene (NYSE:ATH) last released its quarterly earnings data on Wednesday, February 21st. The insurance provider reported $1.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.46. The business had revenue of $861.00 million during the quarter, compared to analysts’ expectations of $884.38 million. Athene had a net margin of 11.94% and a return on equity of 20.51%. During the same period in the prior year, the company earned $1.80 EPS. equities research analysts expect that Athene will post 5.22 EPS for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Athene by 2.7% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 151,507 shares of the insurance provider’s stock worth $7,834,000 after buying an additional 4,000 shares during the period. Gotham Asset Management LLC acquired a new stake in shares of Athene during the fourth quarter worth $269,000. Macquarie Group Ltd. increased its position in shares of Athene by 131.3% during the fourth quarter. Macquarie Group Ltd. now owns 3,700 shares of the insurance provider’s stock worth $191,000 after buying an additional 2,100 shares during the period. Verition Fund Management LLC increased its position in shares of Athene by 19.6% during the fourth quarter. Verition Fund Management LLC now owns 7,036 shares of the insurance provider’s stock worth $364,000 after buying an additional 1,151 shares during the period. Finally, Millennium Management LLC increased its position in shares of Athene by 13.2% during the fourth quarter. Millennium Management LLC now owns 777,792 shares of the insurance provider’s stock worth $40,220,000 after buying an additional 90,980 shares during the period. Institutional investors own 49.93% of the company’s stock.
Athene 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.
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