Athene (NYSE:ATH)‘s stock had its “buy” rating reiterated by research analysts at Canaccord Genuity in a research report issued to clients and investors on Thursday.

Several other equities research analysts have also issued reports on the stock. Wells Fargo & Company reaffirmed a “buy” rating on shares of Athene in a research note on Wednesday, November 1st. Keefe, Bruyette & Woods reissued a “buy” rating and set a $63.00 target price on shares of Athene in a research report on Friday, November 3rd. UBS boosted their target price 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. Zacks Investment Research raised shares of Athene from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Tuesday, October 10th. Finally, Goldman Sachs Group initiated coverage on shares of Athene in a research report on Wednesday, October 18th. They set a “buy” rating and a $63.00 target price for the company. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Athene has an average rating of “Buy” and an average price target of $59.80.

Athene (NYSE:ATH) traded down $0.17 during mid-day trading on Thursday, hitting $47.89. 1,000,700 shares of the company traded hands, compared to its average volume of 1,215,289. Athene has a 1-year low of $43.25 and a 1-year high of $55.22. The firm has a market cap of $9,609.74 and a price-to-earnings ratio of 8.92.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. State of Wisconsin Investment Board raised its position in shares of Athene by 1,331.7% during 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 buying an additional 72,310 shares during the last quarter. California State Teachers Retirement System raised its position 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 valued at $4,016,000 after buying an additional 25,350 shares during the last quarter. StepStone Group LP acquired a new position in shares of Athene during the second quarter valued at about $76,530,000. BlackRock Inc. raised its position in shares of Athene by 164.7% during the second quarter. BlackRock Inc. now owns 5,112,966 shares of the insurance provider’s stock valued at $253,652,000 after buying an additional 3,181,535 shares during the last quarter. Finally, XL Group Investments Ltd acquired a new position in shares of Athene during the third quarter valued at about $985,000. 48.41% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Athene (NYSE:ATH)

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