Royal Bank of Canada reaffirmed their hold rating on shares of Athene (NYSE:ATH) in a report issued on Thursday morning, AnalystRatings.com reports.
Other research analysts have also issued reports about the company. Credit Suisse Group cut their price target on Athene from $67.00 to $57.00 and set an outperform rating for the company in a report on Tuesday, May 21st. Zacks Investment Research upgraded DLH from a sell rating to a hold rating in a research note on Tuesday, July 9th. Wells Fargo & Co lowered Mylan from an outperform rating to a market perform rating and cut their target price for the company from $33.00 to $22.00 in a research note on Tuesday, May 7th. Finally, Morgan Stanley upped their target price on Williams-Sonoma from $52.00 to $56.00 and gave the company an underweight rating in a research note on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $55.80.
Shares of ATH stock opened at $42.15 on Thursday. Athene has a 12 month low of $37.20 and a 12 month high of $53.92. The firm has a market capitalization of $8.27 billion, a price-to-earnings ratio of 6.84, a PEG ratio of 0.38 and a beta of 0.98. The stock’s 50 day simple moving average is $42.83. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.10.
In other Athene news, insider Frank Lauren Gillis sold 19,500 shares of the stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $42.64, for a total transaction of $831,480.00. Following the completion of the transaction, the insider now directly owns 177,817 shares in the company, valued at $7,582,116.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Marc A. Beilinson acquired 10,000 shares of the company’s stock in a transaction on Monday, June 10th. The shares were bought at an average price of $25.00 per share, with a total value of $250,000.00. Following the completion of the purchase, the director now directly owns 187,817 shares of the company’s stock, valued at $4,695,425. The disclosure for this purchase can be found here. Insiders purchased 130,000 shares of company stock valued at $3,250,000 over the last 90 days. 8.70% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in ATH. CI Investments Inc. acquired a new position in Athene during the fourth quarter worth $285,245,000. Norges Bank bought a new stake in shares of Athene during the fourth quarter worth $83,584,000. BlackRock Inc. grew its holdings in shares of Athene by 18.1% during the first quarter. BlackRock Inc. now owns 10,629,381 shares of the insurance provider’s stock worth $433,680,000 after purchasing an additional 1,632,703 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Athene by 418.3% during the first quarter. BNP Paribas Arbitrage SA now owns 1,162,628 shares of the insurance provider’s stock worth $47,435,000 after purchasing an additional 938,304 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Athene by 2,994.9% during the fourth quarter. Principal Financial Group Inc. now owns 619,289 shares of the insurance provider’s stock worth $24,667,000 after purchasing an additional 599,279 shares during the last quarter. Hedge funds and other institutional investors own 71.87% of the company’s stock.
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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