Evercore ISI Reaffirms “Buy” Rating for Athene (ATH)
Evercore ISI reiterated their buy rating on shares of Athene (NYSE:ATH) in a research report report published on Thursday. Evercore ISI currently has a $68.00 price target on the insurance provider’s stock.
ATH has been the subject of several other reports. Wells Fargo & Co restated a buy rating on shares of Athene in a research note on Wednesday, November 1st. Canaccord Genuity restated a buy rating on shares of Athene in a research note on Thursday, December 7th. Keefe, Bruyette & Woods restated a buy rating and issued a $63.00 target price on shares of Athene in a research note on Friday, November 3rd. UBS Group raised their target price on Athene from $63.00 to $65.00 and gave the company a neutral rating in a research note on Monday, November 6th. Finally, Zacks Investment Research upgraded Athene from a hold rating to a buy rating and set a $61.00 target price for the company in a research note on Tuesday, October 10th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Athene presently has an average rating of Buy and an average price target of $60.67.
Shares of Athene (NYSE:ATH) opened at $51.82 on Thursday. The company has a market capitalization of $10,360.00 and a PE ratio of 7.25. Athene has a 12 month low of $45.15 and a 12 month high of $55.22.
Athene (NYSE:ATH) last issued its earnings results on Monday, November 6th. The insurance provider reported $1.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.06. The company had revenue of $863.00 million during the quarter, compared to the consensus estimate of $852.85 million. Athene had a return on equity of 13.31% and a net margin of 22.66%. equities research analysts forecast that Athene will post 5.17 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in ATH. Teachers Advisors LLC acquired a new position in Athene during the 1st quarter valued at about $1,113,000. Credit Suisse AG purchased a new position in shares of Athene in the 1st quarter worth approximately $682,000. Aperio Group LLC purchased a new position in shares of Athene in the 2nd quarter worth approximately $209,000. Janney Montgomery Scott LLC purchased a new position in shares of Athene in the 2nd quarter worth approximately $280,000. Finally, Sei Investments Co. boosted its stake in shares of Athene by 3,943.6% in the 2nd quarter. Sei Investments Co. now owns 8,249 shares of the insurance provider’s stock worth $409,000 after buying an additional 8,045 shares during the last quarter. Institutional investors and hedge funds own 48.38% of the company’s stock.
WARNING: “Evercore ISI Reaffirms “Buy” Rating for Athene (ATH)” was originally reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be accessed at https://theolympiareport.com/2017/12/25/evercore-isi-reaffirms-buy-rating-for-athene-ath.html.
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.
Receive News & Ratings for Athene Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Athene and related companies with MarketBeat.com's FREE daily email newsletter.