Athene (NYSE:ATH)‘s stock had its “buy” rating restated by investment analysts at Canaccord Genuity in a note issued to investors on Thursday.

Other equities research analysts also recently issued reports about the stock. Keefe, Bruyette & Woods set a $59.00 price target on shares of Athene and gave the stock a “buy” rating in a report on Friday, August 11th. Scotiabank reiterated a “hold” rating on shares of Athene in a report on Monday, December 4th. Royal Bank Of Canada reissued a “buy” rating on shares of Athene in a research report on Monday, September 25th. Wells Fargo & Company raised shares of Athene to a “buy” rating in a research report on Wednesday, August 9th. Finally, Sandler O’Neill raised shares of Athene from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $59.80.

Athene (ATH) opened at $51.50 on Thursday. Athene has a twelve month low of $43.25 and a twelve month high of $55.22. The firm has a market cap of $9,575.75 and a PE ratio of 8.89.

Athene (NYSE:ATH) last issued its quarterly earnings results on Monday, November 6th. The insurance provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. The business had revenue of $863.00 million during the quarter, compared to the consensus estimate of $852.85 million. Athene had a net margin of 22.66% and a return on equity of 13.31%. analysts forecast that Athene will post 5.17 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Athene by 26.2% during the second quarter. Vanguard Group Inc. now owns 7,938,480 shares of the insurance provider’s stock worth $393,827,000 after purchasing an additional 1,648,981 shares in the last quarter. CI Global Investments Inc. lifted its position in shares of Athene by 3.7% during the third quarter. CI Global Investments Inc. now owns 7,036,310 shares of the insurance provider’s stock worth $378,835,000 after purchasing an additional 250,111 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of Athene by 2.3% during the third quarter. Neuberger Berman Group LLC now owns 6,207,101 shares of the insurance provider’s stock worth $334,190,000 after purchasing an additional 139,195 shares in the last quarter. BlackRock Inc. lifted its position in shares of Athene by 164.7% during the second quarter. BlackRock Inc. now owns 5,112,966 shares of the insurance provider’s stock worth $253,652,000 after purchasing an additional 3,181,535 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Athene by 38.5% during the second quarter. Bank of New York Mellon Corp now owns 2,699,724 shares of the insurance provider’s stock worth $133,933,000 after purchasing an additional 750,050 shares in the last quarter. 48.41% of the stock is currently owned by hedge funds and other institutional investors.

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Athene Company Profile

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.

Analyst Recommendations for Athene (NYSE:ATH)

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