Shares of Athene Holding Ltd (NYSE:ATH) saw an uptick in trading volume on Tuesday . 6,274,193 shares were traded during trading, an increase of 309% from the previous session’s volume of 1,535,809 shares.The stock last traded at $51.31 and had previously closed at $51.04.

A number of brokerages recently weighed in on ATH. Zacks Investment Research downgraded shares of Athene from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Wells Fargo & Co restated a “buy” rating and set a $63.00 price objective on shares of Athene in a research report on Friday, December 22nd. BMO Capital Markets restated a “hold” rating and set a $61.00 price objective on shares of Athene in a research report on Friday, December 22nd. Evercore ISI restated a “buy” rating and set a $68.00 price objective on shares of Athene in a research report on Thursday, December 21st. Finally, Canaccord Genuity restated a “buy” rating on shares of Athene in a research report on Thursday, December 7th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $61.69.

The stock has a market cap of $10,259.59 and a PE ratio of 7.60.

Athene (NYSE:ATH) last released its quarterly earnings results on Monday, November 6th. The insurance provider reported $1.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.06. Athene had a net margin of 22.66% and a return on equity of 13.31%. The business had revenue of $863.00 million for the quarter, compared to the consensus estimate of $852.85 million. equities analysts anticipate that Athene Holding Ltd will post 5.22 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Athene by 26.2% in the second quarter. Vanguard Group Inc. now owns 7,938,480 shares of the insurance provider’s stock worth $393,827,000 after acquiring an additional 1,648,981 shares during the period. CI Global Investments Inc. raised its position in Athene by 3.7% in the third quarter. CI Global Investments Inc. now owns 7,036,310 shares of the insurance provider’s stock worth $378,835,000 after acquiring an additional 250,111 shares during the period. Neuberger Berman Group LLC raised its position in Athene by 2.3% in the third quarter. Neuberger Berman Group LLC now owns 6,207,101 shares of the insurance provider’s stock worth $334,190,000 after acquiring an additional 139,195 shares during the period. BlackRock Inc. raised its position in Athene by 164.7% in the second quarter. BlackRock Inc. now owns 5,112,966 shares of the insurance provider’s stock worth $253,652,000 after acquiring an additional 3,181,535 shares during the period. Finally, California Public Employees Retirement System raised its position in Athene by 9.5% in the third quarter. California Public Employees Retirement System now owns 2,537,572 shares of the insurance provider’s stock worth $135,863,000 after acquiring an additional 219,700 shares during the period. Institutional investors and hedge funds own 48.38% of the company’s stock.

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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.

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