Athene Holding Ltd (ATH) Received Average Recommendation of “Purchase” by Brokerages

Athene Holding Ltd (ATH) Received Average Recommendation of “Purchase” by Brokerages

Athene Holding Ltd (NYSE:ATH) has been assigned an average rating of “Buy” from the fourteen brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $59.60.

Several equities research analysts have recently commented on the company. Wells Fargo & Co set a $63.00 target price on Athene and gave the company a “buy” rating in a report on Monday, December 10th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $65.00 target price on shares of Athene in a report on Wednesday, December 19th. Zacks Investment Research downgraded Athene from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 1st. Morgan Stanley reduced their target price on Athene from $64.00 to $62.00 and set an “overweight” rating for the company in a report on Tuesday, November 13th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $59.00 target price on shares of Athene in a report on Monday, November 5th.

Shares of ATH stock opened at $42.78 on Tuesday. Athene has a fifty-two week low of $37.20 and a fifty-two week high of $53.92. The stock has a market cap of $8.51 billion, a P/E ratio of 7.56, a PEG ratio of 0.41 and a beta of 0.85. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.11.

Several hedge funds and other institutional investors have recently made changes to their positions in ATH. Oregon Public Employees Retirement Fund lifted its holdings in shares of Athene by 4,963.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,184,106 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 1,160,720 shares during the last quarter. Man Group plc lifted its stake in Athene by 115.1% in the 3rd quarter. Man Group plc now owns 1,615,864 shares of the insurance provider’s stock worth $83,475,000 after acquiring an additional 864,680 shares in the last quarter. Panagora Asset Management Inc. lifted its stake in Athene by 49.6% in the 3rd quarter. Panagora Asset Management Inc. now owns 2,122,027 shares of the insurance provider’s stock worth $109,624,000 after acquiring an additional 703,092 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in Athene by 25.4% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,729,909 shares of the insurance provider’s stock worth $141,027,000 after acquiring an additional 552,809 shares in the last quarter. Finally, Morgan Stanley lifted its stake in Athene by 103.7% in the 3rd quarter. Morgan Stanley now owns 814,947 shares of the insurance provider’s stock worth $42,101,000 after acquiring an additional 414,802 shares in the last quarter. 70.96% of the stock is owned by institutional investors and hedge funds.

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.

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