Athene Holding Ltd (NYSE:ATH) Director Lawrence Ruisi sold 8,000 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $39.24, for a total transaction of $313,920.00. Following the sale, the director now owns 56,970 shares in the company, valued at $2,235,502.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
NYSE:ATH opened at $37.73 on Friday. The company has a market capitalization of $7.35 billion, a PE ratio of 5.91, a price-to-earnings-growth ratio of 0.36 and a beta of 0.98. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.08. Athene Holding Ltd has a 52-week low of $36.00 and a 52-week high of $53.92. The stock has a fifty day simple moving average of $41.67 and a 200-day simple moving average of $42.83.
Athene (NYSE:ATH) last released its quarterly earnings results on Monday, August 5th. The insurance provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.14. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.28 billion. Athene had a return on equity of 12.84% and a net margin of 16.27%. The business’s revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.48 EPS. As a group, equities analysts anticipate that Athene Holding Ltd will post 7.01 earnings per share for the current year.
Several brokerages have commented on ATH. BMO Capital Markets set a $68.00 target price on shares of Athene and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Morgan Stanley decreased their target price on shares of Athene from $58.00 to $56.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. Wells Fargo & Co decreased their target price on shares of Athene from $53.00 to $50.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 6th. Credit Suisse Group decreased their target price on shares of Athene from $67.00 to $57.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 21st. Finally, Royal Bank of Canada restated a “hold” rating on shares of Athene in a research report on Thursday, July 18th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $55.88.
Athene Company Profile
Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products in the United States and Bermuda. It offers fixed deferred, immediate, and payout annuities; and funding agreements and pension risk transfer products to institutional investors. The company's products are designed for individuals and institutions seeking to fund retirement needs.
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