Athene Target of Unusually Large Options Trading (ATH)
Athene Holding Ltd. (NYSE:ATH) saw some unusual options trading activity on Monday. Stock traders acquired 3,050 call options on the stock. This represents an increase of approximately 1,410% compared to the average daily volume of 202 call options.
Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Athene from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a report on Tuesday, October 10th. Goldman Sachs Group assumed coverage on shares of Athene in a report on Wednesday, October 18th. They issued a “buy” rating and a $63.00 price target for the company. Royal Bank Of Canada reiterated a “buy” rating on shares of Athene in a report on Monday, September 25th. Keefe, Bruyette & Woods set a $59.00 price target on shares of Athene and gave the company a “buy” rating in a report on Friday, August 11th. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of Athene in a report on Wednesday, November 1st. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $59.80.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Nordea Investment Management AB acquired a new position in Athene during the second quarter worth $120,000. LS Investment Advisors LLC acquired a new position in Athene during the second quarter worth $144,000. Daiwa Securities Group Inc. acquired a new position in Athene during the second quarter worth $149,000. Envestnet Asset Management Inc. boosted its holdings in Athene by 661.1% during the third quarter. Envestnet Asset Management Inc. now owns 3,014 shares of the insurance provider’s stock worth $162,000 after purchasing an additional 2,618 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its holdings in Athene by 147.0% during the third quarter. Public Employees Retirement Association of Colorado now owns 3,379 shares of the insurance provider’s stock worth $182,000 after purchasing an additional 2,011 shares during the last quarter. Institutional investors and hedge funds own 48.41% of the company’s stock.
Athene (NYSE:ATH) last announced its earnings results on Monday, November 6th. The insurance provider reported $1.18 EPS for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $852.85 million. equities research analysts forecast that Athene will post 5.17 earnings per share for the current fiscal year.
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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.
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