Athene Holding Ltd (NYSE:ATH) Director Manfred Puffer sold 10,000 shares of Athene stock in a transaction on Friday, March 9th. The stock was sold at an average price of $52.92, for a total transaction of $529,200.00. Following the sale, the director now directly owns 55,728 shares in the company, valued at approximately $2,949,125.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Athene Holding Ltd (NYSE ATH) traded up $0.13 during mid-day trading on Monday, reaching $52.50. 3,485,410 shares of the company’s stock traded hands, compared to its average volume of 1,691,046. The firm has a market cap of $10,550.00 and a price-to-earnings ratio of 7.07. Athene Holding Ltd has a 52 week low of $45.15 and a 52 week high of $55.22.
Athene (NYSE:ATH) last announced its quarterly earnings data on Wednesday, February 21st. The insurance provider reported $1.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.46. The company had revenue of $861.00 million during the quarter, compared to analyst estimates of $884.38 million. Athene had a net margin of 16.47% and a return on equity of 12.97%. During the same period last year, the business earned $1.80 EPS. sell-side analysts anticipate that Athene Holding Ltd will post 5.22 EPS for the current year.
Several research firms recently issued reports on ATH. Zacks Investment Research downgraded shares of Athene from a “buy” rating to a “hold” rating in a research note on Friday. UBS Group raised shares of Athene from a “neutral” rating to a “buy” rating and set a $65.00 price target on the stock in a research note on Friday, March 2nd. Citigroup dropped their price target on shares of Athene from $58.00 to $54.00 and set a “neutral” rating on the stock in a research note on Monday, February 26th. Wells Fargo & Co set a $63.00 price target on shares of Athene and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Finally, Evercore ISI reaffirmed a “buy” rating and set a $68.00 price target on shares of Athene in a research note on Thursday, December 21st. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $61.92.
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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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