FY2019 EPS Estimates for Athene Holding Ltd (NYSE:ATH) Reduced by SunTrust Banks

Athene Holding Ltd (NYSE:ATH) – Analysts at SunTrust Banks cut their FY2019 EPS estimates for Athene in a research report issued on Wednesday, November 6th. SunTrust Banks analyst M. Hughes now forecasts that the insurance provider will earn $6.47 per share for the year, down from their previous forecast of $7.03. SunTrust Banks has a “Buy” rating and a $52.00 price objective on the stock. SunTrust Banks also issued estimates for Athene’s Q4 2019 earnings at $1.70 EPS, Q1 2020 earnings at $1.74 EPS, Q2 2020 earnings at $1.82 EPS, Q3 2020 earnings at $1.91 EPS, Q4 2020 earnings at $1.98 EPS and FY2020 earnings at $7.45 EPS.

Several other analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Athene from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Citigroup dropped their price target on shares of Athene from $49.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, September 13th. Bank of America reiterated a “buy” rating and issued a $49.00 price target on shares of Athene in a research note on Monday, August 5th. Wells Fargo & Co lowered their target price on shares of Athene from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 8th. Finally, UBS Group lowered their target price on shares of Athene from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. Athene currently has a consensus rating of “Buy” and a consensus price target of $53.20.

Shares of ATH traded down $0.13 during mid-day trading on Friday, hitting $43.94. 735,676 shares of the company’s stock were exchanged, compared to its average volume of 1,474,339. The company has a market cap of $8.24 billion, a price-to-earnings ratio of 7.55, a P/E/G ratio of 0.44 and a beta of 1.01. Athene has a fifty-two week low of $36.00 and a fifty-two week high of $47.77. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.12 and a current ratio of 0.12. The stock’s 50-day moving average is $41.65 and its 200-day moving average is $41.92.

Athene (NYSE:ATH) last issued its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $1.34 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.44). The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Athene had a return on equity of 11.28% and a net margin of 11.56%. Athene’s revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.90 EPS.

Several hedge funds have recently made changes to their positions in the company. FMR LLC increased its position in Athene by 39.8% during the 1st quarter. FMR LLC now owns 60,261 shares of the insurance provider’s stock worth $2,458,000 after purchasing an additional 17,160 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its position in Athene by 9.4% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 166,866 shares of the insurance provider’s stock worth $6,809,000 after purchasing an additional 14,336 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in Athene during the 2nd quarter worth about $552,000. Gofen & Glossberg LLC IL increased its position in Athene by 0.4% during the 2nd quarter. Gofen & Glossberg LLC IL now owns 177,728 shares of the insurance provider’s stock worth $7,653,000 after purchasing an additional 700 shares in the last quarter. Finally, Xact Kapitalforvaltning AB increased its position in Athene by 20.5% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 25,018 shares of the insurance provider’s stock worth $1,077,000 after purchasing an additional 4,262 shares in the last quarter. Institutional investors and hedge funds own 69.96% of the company’s stock.

In other news, Director Robert L. Borden sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $40.00, for a total value of $120,000.00. Following the completion of the transaction, the director now owns 23,012 shares in the company, valued at $920,480. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Frank Lauren Gillis sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $42.03, for a total value of $420,300.00. Following the completion of the transaction, the insider now owns 157,817 shares of the company’s stock, valued at approximately $6,633,048.51. The disclosure for this sale can be found here. In the last three months, insiders sold 56,500 shares of company stock valued at $2,212,480. 8.70% of the stock is owned by corporate insiders.

Athene Company Profile

Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products in the United States and Bermuda. It offers fixed deferred, immediate, and payout annuities; and funding agreements and pension risk transfer products to institutional investors. The company's products are designed for individuals and institutions seeking to fund retirement needs.

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Earnings History and Estimates for Athene (NYSE:ATH)

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