UBS AG Increases Athene Holding Ltd. (ATH) Price Target to $65.00

Athene Holding Ltd. (NYSE:ATH) had its target price lifted by UBS AG from $63.00 to $65.00 in a research note published on Monday, www.benzinga.com reports. UBS AG currently has a neutral rating on the insurance provider’s stock.

ATH has been the subject of a number of other reports. Wells Fargo & Company reissued a buy rating on shares of Athene Holding in a research report on Wednesday, November 1st. Zacks Investment Research raised shares of Athene Holding from a hold rating to a buy rating and set a $56.00 price target for the company in a research report on Tuesday, July 11th. Canaccord Genuity reissued a buy rating on shares of Athene Holding in a research report on Friday, November 3rd. Keefe, Bruyette & Woods reissued a buy rating and set a $63.00 price target on shares of Athene Holding in a research report on Friday, November 3rd. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on shares of Athene Holding in a research report on Wednesday, October 18th. They set a buy rating and a $63.00 price target for the company. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Athene Holding presently has a consensus rating of Buy and an average target price of $59.79.

Athene Holding (NYSE ATH) opened at $48.77 on Monday. The company has a market cap of $9,803.19 and a P/E ratio of 9.09. Athene Holding has a 1 year low of $43.25 and a 1 year high of $55.22.

Athene Holding (NYSE:ATH) last announced its quarterly earnings data 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 firm had revenue of $863.00 million during the quarter, compared to analyst estimates of $852.85 million. Athene Holding had a net margin of 22.66% and a return on equity of 13.31%. analysts predict that Athene Holding will post 5.15 EPS for the current year.

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Several large investors have recently bought and sold shares of ATH. Parametric Portfolio Associates LLC purchased a new position in shares of Athene Holding during the 1st quarter valued at approximately $1,034,000. Teachers Advisors LLC purchased a new position in shares of Athene Holding during the 1st quarter valued at approximately $1,113,000. Geode Capital Management LLC purchased a new position in shares of Athene Holding during the 1st quarter valued at approximately $12,952,000. Morgan Stanley increased its holdings in shares of Athene Holding by 16,685.6% during the 1st quarter. Morgan Stanley now owns 415,611 shares of the insurance provider’s stock valued at $20,776,000 after purchasing an additional 413,135 shares in the last quarter. Finally, BlackRock Inc. purchased a new position in shares of Athene Holding during the 1st quarter valued at approximately $96,552,000. 47.76% of the stock is owned by hedge funds and other institutional investors.

About Athene Holding

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 Holding (NYSE:ATH)

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