Athene (NYSE:ATH) Given New $47.00 Price Target at Citigroup
Athene (NYSE:ATH) had its target price lowered by investment analysts at Citigroup from $49.00 to $47.00 in a note issued to investors on Friday, BenzingaRatingsTable reports. The brokerage currently has a “neutral” rating on the insurance provider’s stock. Citigroup‘s price target indicates a potential upside of 9.10% from the stock’s previous close.
A number of other equities research analysts have also weighed in on the stock. Wells Fargo & Co lowered their target price on shares of Athene from $53.00 to $50.00 and set an “outperform” rating on the stock in a report on Tuesday, August 6th. Bank of America restated a “buy” rating and issued a $49.00 target price on shares of Athene in a report on Monday, August 5th. Credit Suisse Group lowered their target price on shares of Athene from $67.00 to $57.00 and set an “outperform” rating on the stock in a report on Tuesday, May 21st. Zacks Investment Research upgraded shares of Athene from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Finally, BMO Capital Markets set a $68.00 target price on shares of Athene and gave the stock a “buy” rating in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $54.78.
Shares of ATH stock traded up $0.79 on Friday, reaching $43.08. 18,868 shares of the company were exchanged, compared to its average volume of 1,043,336. The company has a market cap of $8.08 billion, a price-to-earnings ratio of 7.40, a PEG ratio of 0.40 and a beta of 0.99. The company has a 50-day moving average of $39.57 and a 200-day moving average of $42.21. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.12 and a quick ratio of 0.12. Athene has a one year low of $36.00 and a one year high of $53.92.
In other Athene news, insider Frank Lauren Gillis sold 19,500 shares of the stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $42.64, for a total value of $831,480.00. Following the completion of the sale, the insider now owns 177,817 shares in the company, valued at approximately $7,582,116.88. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert L. Borden sold 3,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $37.75, for a total transaction of $113,250.00. Following the completion of the sale, the director now owns 29,012 shares of the company’s stock, valued at approximately $1,095,203. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,000 shares of company stock valued at $1,999,650. Company insiders own 8.70% of the company’s stock.
Large investors have recently bought and sold shares of the business. Trexquant Investment LP purchased a new stake in Athene in the 2nd quarter valued at about $1,456,000. MYDA Advisors LLC purchased a new stake in Athene in the 1st quarter valued at about $490,000. ICONIQ Capital LLC purchased a new stake in Athene in the 1st quarter valued at about $240,000. Tyers Asset Management LLC increased its stake in Athene by 6.5% in the 1st quarter. Tyers Asset Management LLC now owns 50,688 shares of the insurance provider’s stock valued at $2,068,000 after buying an additional 3,088 shares during the last quarter. Finally, Tealwood Asset Management Inc. increased its stake in shares of Athene by 6.6% during the 2nd quarter. Tealwood Asset Management Inc. now owns 31,930 shares of the insurance provider’s stock worth $1,375,000 after purchasing an additional 1,988 shares during the last quarter. Hedge funds and other institutional investors own 70.78% 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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