Athene (ATH) Earns Hold Rating from Scotiabank

Scotiabank reaffirmed their hold rating on shares of Athene (NYSE:ATH) in a research report released on Monday morning.

Several other brokerages have also recently issued reports on ATH. Zacks Investment Research upgraded Athene from a hold rating to a buy rating and set a $61.00 price target for the company in a research note on Tuesday, October 10th. Goldman Sachs Group began coverage on Athene in a research note 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 research note on Monday, September 25th. Keefe, Bruyette & Woods set a $59.00 price target on Athene and gave the company a buy rating in a research note on Friday, August 11th. Finally, Wells Fargo & Company reiterated a buy rating on shares of Athene in a research note on Wednesday, November 1st. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $59.80.

Shares of Athene (ATH) opened at $48.06 on Monday. Athene has a 1-year low of $43.25 and a 1-year high of $55.22. The stock has a market capitalization of $9,335.81 and a P/E ratio of 8.66.

Athene (NYSE:ATH) last issued its quarterly earnings data on Monday, November 6th. The insurance provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. Athene had a return on equity of 13.31% and a net margin of 22.66%. The company had revenue of $863.00 million during the quarter, compared to analysts’ expectations of $852.85 million. equities analysts forecast that Athene will post 5.17 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Neuberger Berman Group LLC lifted its stake in Athene by 2.3% during the third quarter. Neuberger Berman Group LLC now owns 6,207,101 shares of the insurance provider’s stock worth $334,190,000 after purchasing an additional 139,195 shares during the last quarter. California Public Employees Retirement System lifted its stake in Athene by 9.5% during the third quarter. California Public Employees Retirement System now owns 2,537,572 shares of the insurance provider’s stock worth $135,863,000 after purchasing an additional 219,700 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake in Athene by 108.7% during the third quarter. Cubist Systematic Strategies LLC now owns 21,466 shares of the insurance provider’s stock worth $1,156,000 after purchasing an additional 11,180 shares during the last quarter. Capital Returns Management LLC lifted its stake in Athene by 1.7% during the third quarter. Capital Returns Management LLC now owns 472,654 shares of the insurance provider’s stock worth $25,448,000 after purchasing an additional 8,096 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in Athene by 11,230.5% during the third quarter. Asset Management One Co. Ltd. now owns 157,154 shares of the insurance provider’s stock worth $8,461,000 after purchasing an additional 155,767 shares during the last quarter. Hedge funds and other institutional investors own 48.41% of the company’s stock.

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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.

Analyst Recommendations for Athene (NYSE:ATH)

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