Athene (NYSE:ATH)‘s stock had its “hold” rating restated by investment analysts at Scotiabank in a research report issued to clients and investors on Monday.

ATH has been the subject of a number of other research reports. Zacks Investment Research raised shares of Athene from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Tuesday, October 10th. UBS increased their price target on shares of Athene from $63.00 to $65.00 and gave the stock a “neutral” rating in a research report on Monday, November 6th. Keefe, Bruyette & Woods set a $59.00 price objective on shares of Athene and gave the stock a “buy” rating in a research note on Friday, August 11th. Royal Bank Of Canada upped their price objective on shares of Athene from $59.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, August 11th. Finally, Sandler O’Neill raised shares of Athene from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $59.80.

Athene (NYSE ATH) traded up $0.96 during trading on Monday, reaching $47.65. 1,717,500 shares of the company’s stock were exchanged, compared to its average volume of 1,217,293. The firm has a market cap of $9,335.81 and a price-to-earnings ratio of 8.66. Athene has a 52-week low of $43.25 and a 52-week high of $55.22.

Athene (NYSE:ATH) last released its earnings results on Monday, November 6th. The insurance provider reported $1.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.06. The firm had revenue of $863.00 million during the quarter, compared to analyst estimates of $852.85 million. Athene had a net margin of 22.66% and a return on equity of 13.31%. research analysts predict that Athene will post 5.17 earnings per share for the current year.

Several large investors have recently modified their holdings of ATH. State of Wisconsin Investment Board raised its holdings in shares of Athene by 1,331.7% in the second quarter. State of Wisconsin Investment Board now owns 77,740 shares of the insurance provider’s stock valued at $3,857,000 after purchasing an additional 72,310 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Athene by 45.6% during the second quarter. California State Teachers Retirement System now owns 80,950 shares of the insurance provider’s stock worth $4,016,000 after acquiring an additional 25,350 shares in the last quarter. StepStone Group LP purchased a new position in shares of Athene during the second quarter worth approximately $76,530,000. BlackRock Inc. grew its holdings in shares of Athene by 164.7% in the second quarter. BlackRock Inc. now owns 5,112,966 shares of the insurance provider’s stock worth $253,652,000 after purchasing an additional 3,181,535 shares during the last quarter. Finally, XL Group Investments Ltd bought a new position in shares of Athene in the third quarter worth approximately $985,000. Institutional investors and hedge funds own 48.41% of the company’s stock.

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About Athene

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.

Analyst Recommendations for Athene (NYSE:ATH)

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