Athene (NYSE:ATH) Reaches New 1-Year High at $75.66

Athene Holding Ltd. (NYSE:ATH)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $75.66 and last traded at $75.14, with a volume of 695 shares changing hands. The stock had previously closed at $74.10.

Several analysts have issued reports on ATH shares. Zacks Investment Research raised shares of Athene from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research note on Tuesday, August 17th. Truist Securities downgraded shares of Athene from a “buy” rating to a “hold” rating in a research note on Tuesday, August 10th. Morgan Stanley decreased their price objective on shares of Athene from $74.00 to $69.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 1st. Piper Sandler raised their price objective on shares of Athene from $66.10 to $72.72 and gave the stock a “neutral” rating in a research note on Thursday, July 8th. They noted that the move was a valuation call. Finally, Wells Fargo & Company raised their price objective on shares of Athene from $70.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Friday, October 8th. Thirteen equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $65.84.

The stock has a market cap of $14.40 billion, a P/E ratio of 3.99 and a beta of 1.61. The company’s 50 day moving average price is $67.85 and its two-hundred day moving average price is $63.58. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.11.

Athene (NYSE:ATH) last issued its quarterly earnings data on Wednesday, August 4th. The insurance provider reported $5.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.40 by $1.64. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.55 billion. Athene had a net margin of 16.61% and a return on equity of 14.06%. As a group, equities research analysts forecast that Athene Holding Ltd. will post 13.07 earnings per share for the current year.

In other Athene news, CFO Martin P. Klein sold 1,800 shares of Athene stock in a transaction on Friday, August 6th. The shares were sold at an average price of $68.00, for a total value of $122,400.00. Following the transaction, the chief financial officer now directly owns 123,855 shares of the company’s stock, valued at $8,422,140. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Martin P. Klein sold 2,700 shares of Athene stock in a transaction on Wednesday, July 21st. The stock was sold at an average price of $64.48, for a total transaction of $174,096.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,174 shares of company stock worth $1,175,052. 6.80% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Yakira Capital Management Inc. purchased a new stake in shares of Athene during the second quarter valued at $9,524,000. Gillson Capital LP grew its holdings in shares of Athene by 288.5% during the first quarter. Gillson Capital LP now owns 395,703 shares of the insurance provider’s stock valued at $19,943,000 after buying an additional 293,847 shares during the last quarter. Barclays PLC grew its holdings in shares of Athene by 107.2% during the first quarter. Barclays PLC now owns 326,060 shares of the insurance provider’s stock valued at $16,433,000 after buying an additional 168,674 shares during the last quarter. Moab Capital Partners LLC acquired a new position in Athene during the first quarter valued at $4,319,000. Finally, Forsta AP Fonden acquired a new position in Athene during the second quarter valued at $675,000. 85.86% of the stock is currently owned by hedge funds and other institutional investors.

Athene Company Profile (NYSE:ATH)

Athene Holding Ltd. is engages in the provision of retirement services. The firm issues, reinsures and acquires retirement savings products and institutional products. It operates through following segments: Retirement Services, and Corporate and Other. The Retirement Services segment is comprised of US and Bermuda operations, which issue and reinsure retirement savings products and institutional products.

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