Analysts predict that Athene Holding Ltd. (NYSE:ATH) will announce earnings of $1.06 per share for the current quarter, according to Zacks. Three analysts have made estimates for Athene Holding’s earnings, with estimates ranging from $1.04 to $1.08. The business is scheduled to report its next earnings results on Wednesday, August 9th.
On average, analysts expect that Athene Holding will report full-year earnings of $4.60 per share for the current fiscal year, with EPS estimates ranging from $4.55 to $4.65. For the next financial year, analysts expect that the business will post earnings of $4.99 per share, with EPS estimates ranging from $4.60 to $5.65. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Athene Holding.
Athene Holding (NYSE:ATH) last announced its quarterly earnings results on Wednesday, May 10th. The insurance provider reported $1.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.34. The company had revenue of $786 million during the quarter, compared to analyst estimates of $785.94 million. Athene Holding’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 EPS.
A number of equities research analysts have weighed in on the company. Credit Suisse Group raised Athene Holding from a “neutral” rating to an “outperform” rating and raised their target price for the company from $55.00 to $66.00 in a report on Monday, June 19th. Zacks Investment Research downgraded Athene Holding from a “buy” rating to a “hold” rating in a report on Monday, June 5th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $59.00 target price (up previously from $58.00) on shares of Athene Holding in a report on Monday, May 15th. Bank of America Corporation reaffirmed a “buy” rating and issued a $63.00 target price (up previously from $61.00) on shares of Athene Holding in a report on Monday, May 15th. Finally, BMO Capital Markets reaffirmed a “neutral” rating and issued a $54.00 target price on shares of Athene Holding in a report on Friday, May 12th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $56.85.
In related news, major shareholder Apollo Management Holdings Gp, sold 7,602,830 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $49.00, for a total transaction of $372,538,670.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 10.60% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Athene Holding by 347.1% in the first quarter. Vanguard Group Inc. now owns 6,289,499 shares of the insurance provider’s stock valued at $314,412,000 after buying an additional 4,882,626 shares during the period. Wellington Management Group LLP increased its stake in Athene Holding by 4,704.2% in the first quarter. Wellington Management Group LLP now owns 2,922,894 shares of the insurance provider’s stock valued at $146,115,000 after buying an additional 2,862,054 shares during the period. Norges Bank purchased a new stake in Athene Holding during the fourth quarter valued at $95,981,000. BlackRock Inc. purchased a new stake in Athene Holding during the first quarter valued at $96,552,000. Finally, Neuberger Berman Group LLC increased its stake in Athene Holding by 80.9% in the first quarter. Neuberger Berman Group LLC now owns 4,135,006 shares of the insurance provider’s stock valued at $206,709,000 after buying an additional 1,848,816 shares during the period. 38.85% of the stock is currently owned by institutional investors.
Shares of Athene Holding (NYSE ATH) traded up 1.08% during mid-day trading on Friday, reaching $49.80. The company had a trading volume of 259,545 shares. The stock has a market capitalization of $5.06 billion and a P/E ratio of 8.88. The firm’s 50 day moving average is $50.12 and its 200-day moving average is $50.06. Athene Holding has a 12-month low of $43.25 and a 12-month high of $55.10.
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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.
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