Equity research analysts expect Athene Holding Ltd. (NYSE: ATH) posts earnings per share of $ 2.79 for the current quarter, Zacks investment research reports. Two analysts have made estimates for Athene’s earnings. The highest EPS estimate is $ 3.39 and the lowest is $ 2.08. Athene posted earnings per share of $ 2.85 in the same quarter last year, suggesting a negative year-over-year growth rate of 2.1%. The company is expected to release its next quarterly earnings report on Wednesday, February 16.
According to Zacks, analysts expect Athene to report annual earnings of $ 14.36 per share for the current fiscal year, with EPS estimates ranging from $ 13.65 to $ 14.95. For next year, analysts predict the company will post earnings of $ 9.17 per share, with EPS estimates ranging from $ 9.12 to $ 9.25. Zacks Investment Research earnings per share averages are an average based on a survey of short-side analysts who cover Athene.
Athene (NYSE: ATH) last released its results on Wednesday, November 3. The insurance provider reported EPS of $ 2.73 for the quarter, beating Thomson Reuters’ consensus estimate of $ 2.10 by $ 0.63. The company posted revenue of $ 1.47 billion for the quarter, compared to a consensus estimate of $ 1.57 billion. Athene had a net margin of 13.69% and a return on equity of 14.35%. The company’s quarterly revenue increased 21.9% year-over-year. During the same period of the previous year, the company reported earnings per share of $ 1.53.
Several equity research analysts recently published reports on the company. Truist raised its price target on Athene from $ 68.00 to $ 88.00 and gave the company a “conservation” rating in a research report on Tuesday, November 9. Royal Bank of Canada raised its price target for Athene from $ 66.00 to $ 87.00 and assigned the company a “sector performance” rating in a research report released on Thursday, November 4. Truist Financial downgraded Athene to a “hold” rating in a research report on Tuesday, August 10. Truist Securities raised its price target on Athene from $ 68.00 to $ 88.00 and assigned the company a “conservation” rating in a research report published on Tuesday, November 9. Ultimately, Zacks investment research upgraded Athene’s shares from a “hold” rating to a “buy” rating and set a target price of $ 69.00 for the company in a research note on Tuesday, August 17. Thirteen equity research analysts rated the stock with a conservation rating and two gave the stock a buy rating. Based on data from MarketBeat.com, Athene has a consensus rating of “Hold” and a consensus price target of $ 71.34.
Athene stock traded down $ 0.63 at midday on Wednesday, reaching $ 85.49. 3,619 shares of the company were traded, for an average volume of 1,298,352. The stock has a market cap of $ 16.43 billion, a P / E ratio of 4.51 and a beta of 1.69 . The stock has a 50-day moving average of $ 77.22 and a two-hundred-day moving average of $ 68.96. Athene has a one-year low at $ 40.21 and a one-year high at $ 91.26. The company has a current ratio of 0.65, a quick ratio of 0.60 and a debt ratio of 0.11.
In other Athene news, CFO Martin P. Klein sold 4,300 shares of the company in a transaction dated Wednesday, October 20. The shares were sold at an average price of $ 81.69, for a total trade of $ 351,267.00. The sale was disclosed in a legal file with the Securities & Exchange Commission, which is available at this link. Additionally, director Marc J. Rowan sold 466 shares of Athene in a trade that took place on Monday, August 23. The shares were sold at an average price of $ 63.80, for a total trade of $ 29,730.80. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 15,466 shares of the company valued at $ 1,153,098. Company insiders own 6.80% of the company’s shares.
Several large investors have recently bought and sold shares in the company. Vanguard Group Inc. increased its stake in Athene shares by 2.0% in the second quarter. Vanguard Group Inc. now owns 11,268,648 shares of the insurance provider valued at $ 760,634,000 after acquiring an additional 217,942 shares in the last quarter. BlackRock Inc. increased its stake in Athene shares by 0.8% in the third quarter. BlackRock Inc. now owns 7,035,092 shares of the insurance provider valued at $ 484,508,000 after acquiring an additional 56,315 shares during the last quarter. Capital International Investors purchased a new position in shares of Athene in the second quarter valued at approximately $ 335,223,000. Dimensional Fund Advisors LP increased its stake in Athene shares by 5.0% in the third quarter. Dimensional Fund Advisors LP now owns 4,054,910 shares of the insurance provider valued at $ 279,275,000 after acquiring an additional 191,586 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its stake in Athene shares by 10.1% in the third quarter. Neuberger Berman Group LLC now owns 3,099,446 shares of the insurance provider valued at $ 212,353,000 after acquiring an additional 285,439 shares in the last quarter. Institutional investors hold 85.87% of the shares of the company.
Athene Company Profile
Athene Holding Ltd. engages in the provision of retirement services. The firm issues, reinsures and acquires retirement savings products and institutional products. It operates in the following segments: Retirement Services and Corporate & Other. The Retirement Services segment includes operations in the United States and Bermuda, which issue and reinsure retirement savings products and institutional products.
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