Athene Holding Ltd (NYSE:ATH) had its target price boosted by research analysts at Royal Bank of Canada from $54.00 to $57.00 in a report issued on Friday. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 9.72% from the company’s current price.

A number of other equities research analysts have also weighed in on the company. Barclays PLC reaffirmed a “buy” rating on shares of Athene Holding in a research report on Monday, February 20th. JPMorgan Chase & Co. began coverage on Athene Holding in a research report on Friday, January 27th. They set a “neutral” rating and a $46.00 target price for the company. Sandler O’Neill began coverage on Athene Holding in a research report on Friday, January 20th. They set a “hold” rating for the company. BMO Capital Markets began coverage on Athene Holding in a research report on Friday, January 6th. They set a “market perform” rating and a $49.00 target price for the company. Finally, Morgan Stanley began coverage on Athene Holding in a research report on Tuesday, January 3rd. They set an “equal weight” rating for the company. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $52.73.

Analyst Recommendations for Athene Holding (NYSE:ATH)

Athene Holding (NYSE:ATH) opened at 51.95 on Friday. Athene Holding has a 12-month low of $43.25 and a 12-month high of $55.00. The company has a market cap of $10.53 billion and a P/E ratio of 15.50. The firm has a 50-day moving average price of $50.75 and a 200-day moving average price of $48.72.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Meridian Wealth Management LLC bought a new position in Athene Holding during the fourth quarter valued at approximately $348,000. Capital Returns Management LLC bought a new position in Athene Holding during the fourth quarter valued at approximately $1,044,000. DSC Advisors L.P. bought a new position in Athene Holding during the fourth quarter valued at approximately $1,200,000. Marshall Wace LLP bought a new position in Athene Holding during the fourth quarter valued at approximately $1,596,000. Finally, Raiff Partners Inc. bought a new position in Athene Holding during the fourth quarter valued at approximately $1,680,000. 17.16% of the stock is owned by hedge funds and other institutional investors.

About Athene Holding

Athene Holding Ltd. (Athene Holding) is a Bermuda-based life insurance holding company. The Company is principally focused on the retirement market and whose business, through its subsidiaries, is focused on issuing or reinsuring fixed and equity indexed annuities. Athene Holding’s subsidiaries are Athene Annuity & Life Assurance Company, Athene Life Insurance Company, Investors Insurance Corp, and Athene Life Re Ltd.

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