Athene Holding Ltd. (ATH) Upgraded by Zacks Investment Research to Buy
Athene Holding Ltd. (NYSE:ATH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The brokerage presently has a $61.00 price objective on the insurance provider’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 10.87% from the company’s previous close.
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 several other research reports. Credit Suisse Group upgraded Athene Holding from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $55.00 to $66.00 in a research note on Monday, June 19th. Keefe, Bruyette & Woods set a $59.00 price target on Athene Holding and gave the stock a “buy” rating in a research note on Friday, August 11th. Royal Bank Of Canada boosted their price target on Athene Holding from $59.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, August 11th. Sandler O’Neill upgraded Athene Holding from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Finally, Wells Fargo & Company upgraded Athene Holding to a “buy” rating in a research note on Wednesday, August 9th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Athene Holding presently has an average rating of “Buy” and a consensus target price of $57.86.
Shares of Athene Holding (NYSE ATH) traded up 0.68% during mid-day trading on Tuesday, hitting $55.02. 756,330 shares of the company were exchanged. The firm has a 50 day moving average of $53.60 and a 200 day moving average of $53.60. The company has a market capitalization of $11.01 billion and a price-to-earnings ratio of 8.90. Athene Holding has a 12-month low of $43.25 and a 12-month high of $55.22.
Athene Holding (NYSE:ATH) last posted its quarterly earnings results on Wednesday, August 9th. The insurance provider reported $1.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.37. The business had revenue of $821.00 million during the quarter, compared to analysts’ expectations of $810.07 million. Equities research analysts forecast that Athene Holding will post $5.13 earnings per share for the current year.
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Institutional investors and hedge funds have recently modified their holdings of the stock. State of Wisconsin Investment Board grew its holdings in shares of Athene Holding by 1,331.7% in the second quarter. State of Wisconsin Investment Board now owns 77,740 shares of the insurance provider’s stock worth $3,857,000 after acquiring an additional 72,310 shares during the period. Xact Kapitalforvaltning AB bought a new stake in shares of Athene Holding in the second quarter worth $420,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in shares of Athene Holding in the second quarter worth $760,000. BlackRock Inc. bought a new stake in shares of Athene Holding in the first quarter worth $96,552,000. Finally, Opera Trading Capital grew its holdings in shares of Athene Holding by 409.9% in the second quarter. Opera Trading Capital now owns 66,040 shares of the insurance provider’s stock worth $3,279,000 after acquiring an additional 53,089 shares during the period. 47.49% of the stock is owned by institutional investors.
Athene Holding 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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