Athene Holding Ltd (NYSE:ATH) CEO James Richard Belardi acquired 80,000 shares of the company’s stock in a transaction on Monday, June 10th. The shares were bought at an average cost of $25.00 per share, with a total value of $2,000,000.00. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of NYSE:ATH opened at $43.02 on Tuesday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.10. Athene Holding Ltd has a 12 month low of $37.20 and a 12 month high of $53.92. The stock has a market capitalization of $8.44 billion, a P/E ratio of 7.39, a price-to-earnings-growth ratio of 0.38 and a beta of 0.97.
Athene (NYSE:ATH) last announced its quarterly earnings results on Tuesday, May 7th. The insurance provider reported $1.50 EPS for the quarter, missing the Zacks’ consensus estimate of $1.70 by ($0.20). Athene had a net margin of 14.36% and a return on equity of 13.32%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the business posted $1.21 EPS. The firm’s revenue was up 24.7% on a year-over-year basis. On average, sell-side analysts forecast that Athene Holding Ltd will post 7.13 earnings per share for the current year.
Several research analysts have commented on ATH shares. Wells Fargo & Co reissued a “buy” rating and set a $53.00 price objective on shares of Athene in a report on Tuesday, February 26th. Zacks Investment Research downgraded shares of Athene from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Credit Suisse Group dropped their price objective on shares of Athene from $67.00 to $57.00 and set an “outperform” rating for the company in a report on Tuesday, May 21st. Finally, BMO Capital Markets raised shares of Athene from a “market perform” rating to an “outperform” rating and set a $44.17 price objective for the company in a report on Wednesday, February 27th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $55.52.
Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products in the United States and Bermuda. It offers fixed deferred, immediate, and payout annuities; and funding agreements and pension risk transfer products to institutional investors. The company's products are designed for individuals and institutions seeking to fund retirement needs.
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