Analysts forecast that Athene Holding Ltd (NYSE:ATH) will post $1.16 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Athene’s earnings. Athene posted sales of $861.00 million during the same quarter last year, which suggests a positive year-over-year growth rate of 34.7%. The company is scheduled to report its next earnings results on Wednesday, February 20th.
According to Zacks, analysts expect that Athene will report full year sales of $4.19 billion for the current year. For the next year, analysts expect that the company will report sales of $5.04 billion, with estimates ranging from $5.00 billion to $5.07 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Athene.
Athene (NYSE:ATH) last released its quarterly earnings results on Wednesday, October 31st. The insurance provider reported $1.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.21. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.15 billion. Athene had a return on equity of 18.93% and a net margin of 17.65%. The company’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same period last year, the business posted $1.18 EPS.
A number of equities analysts have recently issued reports on the company. Morgan Stanley raised their price target on Athene from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Friday, September 21st. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $68.00 price target on shares of Athene in a research note on Friday, September 21st. Royal Bank of Canada restated a “buy” rating and issued a $58.00 price target on shares of Athene in a research note on Friday, August 3rd. Bank of America reiterated a “buy” rating and set a $67.00 target price on shares of Athene in a research report on Wednesday, October 3rd. Finally, SunTrust Banks reiterated a “buy” rating and set a $59.00 target price on shares of Athene in a research report on Monday, November 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $61.15.
ATH stock opened at $47.49 on Friday. The firm has a market capitalization of $9.40 billion, a PE ratio of 7.43, a PEG ratio of 0.58 and a beta of 0.81. Athene has a 1 year low of $43.09 and a 1 year high of $53.92. The company has a current ratio of 264.96, a quick ratio of 264.96 and a debt-to-equity ratio of 0.11.
In related news, insider Grant Kvalheim sold 23,926 shares of Athene stock in a transaction on Monday, August 20th. The stock was sold at an average price of $50.04, for a total transaction of $1,197,257.04. Following the transaction, the insider now directly owns 1,631,434 shares in the company, valued at $81,636,957.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Frank Lauren Gillis sold 100,000 shares of Athene stock in a transaction on Tuesday, September 25th. The shares were sold at an average price of $51.71, for a total value of $5,171,000.00. Following the transaction, the insider now owns 289,638 shares in the company, valued at $14,977,180.98. The disclosure for this sale can be found here. Insiders have sold 416,831 shares of company stock worth $21,139,589 over the last quarter. 8.46% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in Athene by 7.5% during the second quarter. BlackRock Inc. now owns 9,098,796 shares of the insurance provider’s stock valued at $398,891,000 after acquiring an additional 632,619 shares during the period. Point72 Asset Management L.P. raised its holdings in Athene by 4.2% during the second quarter. Point72 Asset Management L.P. now owns 2,177,100 shares of the insurance provider’s stock valued at $95,444,000 after acquiring an additional 87,911 shares during the period. Teacher Retirement System of Texas raised its holdings in Athene by 283.3% during the second quarter. Teacher Retirement System of Texas now owns 1,996,436 shares of the insurance provider’s stock valued at $87,524,000 after acquiring an additional 1,475,608 shares during the period. Levin Capital Strategies L.P. raised its holdings in Athene by 16.7% during the second quarter. Levin Capital Strategies L.P. now owns 1,769,809 shares of the insurance provider’s stock valued at $77,588,000 after acquiring an additional 253,628 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in Athene by 5.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,541,699 shares of the insurance provider’s stock valued at $79,645,000 after acquiring an additional 82,866 shares during the period. Institutional investors own 67.25% of the company’s stock.
Athene Company Profile
Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products in the United States, the District of Columbia, and Germany. It offers fixed deferred, immediate, and payout annuities; and funding agreements and pension risk transfer products to institutional investors.
See Also: Return on Investment (ROI)
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