News coverage about Athene (NYSE:ATH) has been trending somewhat positive on Sunday, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Athene earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned media stories about the insurance provider an impact score of 45.1769173273444 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- $1.23 Earnings Per Share Expected for Athene Holding Ltd (ATH) This Quarter (americanbankingnews.com)
- Rep. DelBene hosts housing roundtable (redmond-reporter.com)
- Athene (ATH) Coverage Initiated at Goldman Sachs (americanbankingnews.com)
- Athene (ATH) Downgraded by ValuEngine to “Hold” (americanbankingnews.com)
- Athene (ATH) Given New $64.00 Price Target at Morgan Stanley (americanbankingnews.com)
Shares of ATH traded down $0.40 during trading hours on Friday, hitting $47.55. The company had a trading volume of 1,275,317 shares, compared to its average volume of 1,607,412. The company has a market cap of $9,505.15, a P/E ratio of 8.40, a P/E/G ratio of 0.60 and a beta of 0.23. Athene has a 52-week low of $45.15 and a 52-week high of $55.22.
A number of equities research analysts have weighed in on ATH shares. Evercore ISI restated a “buy” rating and set a $68.00 price target on shares of Athene in a research report on Thursday, December 21st. BMO Capital Markets reiterated a “hold” rating and issued a $61.00 price objective on shares of Athene in a report on Friday, December 22nd. Wells Fargo reiterated a “buy” rating and issued a $63.00 price objective on shares of Athene in a report on Friday, December 22nd. Zacks Investment Research downgraded Athene from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Citigroup decreased their price objective on Athene from $58.00 to $54.00 and set a “neutral” rating on the stock in a report on Monday, February 26th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $62.38.
In related news, Director Manfred Puffer sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $50.44, for a total value of $2,017,600.00. Following the sale, the director now directly owns 15,728 shares of the company’s stock, valued at $793,320.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Grant Kvalheim sold 85,000 shares of Athene stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $50.05, for a total value of $4,254,250.00. Following the sale, the insider now directly owns 1,554,013 shares in the company, valued at $77,778,350.65. The disclosure for this sale can be found here. Insiders sold 135,000 shares of company stock worth $6,801,050 over the last three months. 10.60% of the stock is owned by insiders.
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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