Athene (ATH) Hits New 52-Week Low at $42.70

Shares of Athene Holding Ltd (NYSE:ATH) reached a new 52-week low during trading on Tuesday . The company traded as low as $42.70 and last traded at $43.10, with a volume of 54813 shares traded. The stock had previously closed at $43.69.

A number of analysts recently commented on the stock. Morgan Stanley lifted their target price on shares of Athene from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Friday, September 21st. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $68.00 target price on shares of Athene in a research note on Friday, September 21st. Bank of America reiterated a “buy” rating and issued a $67.00 target price on shares of Athene in a research note on Wednesday, October 3rd. Royal Bank of Canada reiterated a “buy” rating and issued a $58.00 target price on shares of Athene in a research note on Friday, August 3rd. Finally, Wells Fargo & Co reiterated a “buy” rating and issued a $65.00 target price on shares of Athene in a research note on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. Athene has an average rating of “Buy” and a consensus target price of $61.00.

The company has a current ratio of 264.96, a quick ratio of 264.96 and a debt-to-equity ratio of 0.11. The company has a market cap of $8.68 billion, a P/E ratio of 7.85, a P/E/G ratio of 0.53 and a beta of 0.81.

Athene (NYSE:ATH) last announced its quarterly earnings data on Wednesday, October 31st. The insurance provider reported $1.95 EPS for the quarter, beating the consensus estimate of $1.74 by $0.21. Athene had a net margin of 17.65% and a return on equity of 18.93%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the business posted $1.18 EPS. The business’s quarterly revenue was up 30.5% compared to the same quarter last year. Research analysts forecast that Athene Holding Ltd will post 6.24 EPS for the current year.

In related news, insider Grant Kvalheim sold 122,418 shares of the business’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $50.28, for a total value of $6,155,177.04. Following the completion of the transaction, the insider now directly owns 1,631,434 shares in the company, valued at approximately $82,028,501.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Frank Lauren Gillis sold 1,000 shares of the business’s stock in a transaction on Thursday, October 11th. The shares were sold at an average price of $50.04, for a total transaction of $50,040.00. Following the completion of the transaction, the insider now owns 218,638 shares of the company’s stock, valued at $10,940,645.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 308,418 shares of company stock valued at $15,716,317. Company insiders own 8.46% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Morgan Stanley increased its holdings in Athene by 103.7% in the 3rd quarter. Morgan Stanley now owns 814,947 shares of the insurance provider’s stock worth $42,101,000 after acquiring an additional 414,802 shares in the last quarter. Legal & General Group Plc increased its holdings in Athene by 5.0% in the 3rd quarter. Legal & General Group Plc now owns 255,622 shares of the insurance provider’s stock worth $13,205,000 after acquiring an additional 12,275 shares in the last quarter. Csenge Advisory Group purchased a new stake in Athene in the 3rd quarter worth $202,000. Nordea Investment Management AB increased its holdings in Athene by 6.3% in the 3rd quarter. Nordea Investment Management AB now owns 274,645 shares of the insurance provider’s stock worth $14,188,000 after acquiring an additional 16,294 shares in the last quarter. Finally, Teachers Advisors LLC increased its holdings in Athene by 7.5% in the 3rd quarter. Teachers Advisors LLC now owns 1,831,969 shares of the insurance provider’s stock worth $94,640,000 after acquiring an additional 128,214 shares in the last quarter. 67.48% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “Athene (ATH) Hits New 52-Week Low at $42.70” was first published by WKRB News and is the sole property of of WKRB News. If you are viewing this story on another publication, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be viewed at https://www.wkrb13.com/2018/11/22/athene-ath-hits-new-52-week-low-at-42-70.html.

Athene Company Profile (NYSE:ATH)

Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products in the United States, the District of Columbia, and Germany. It offers fixed deferred, immediate, and payout annuities; and funding agreements and pension risk transfer products to institutional investors.

See Also: What is a stock split?

Receive News & Ratings for Athene Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Athene and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply