Wall Street analysts expect Athene Holding Ltd. (NYSE: ATH) reports $ 1.58 billion in revenue for the current quarter, Zacks investment research reports. Two analysts have released estimates for Athene’s earnings, with estimates ranging from $ 1.57 billion to $ 1.60 billion. Athene posted sales of $ 1.61 billion in the same quarter of last year, which would suggest a negative year-over-year growth rate of 1.9%. The company is expected to release its next quarterly results on Wednesday, February 16.
According to Zacks, analysts expect Athene to report annual revenue of $ 6.98 billion for the current fiscal year, with estimates ranging from $ 6.97 billion to $ 6.99 billion. For next year, analysts expect the company to report revenue of $ 6.91 billion, with estimates ranging from $ 6.68 billion to $ 7.15 billion. Zacks’ sales averages are an average based on a survey of sell-side research companies that track Athene.
Athene (NYSE: ATH) last released its quarterly results on Wednesday, November 3. The insurance provider reported EPS of $ 2.73 for the quarter, beating analyst consensus estimates of $ 2.10 by $ 0.63. Athene had a return on equity of 14.35% and a net margin of 13.69%. The company posted revenue of $ 1.47 billion in the quarter, compared to analysts’ estimates of $ 1.57 billion. During the same period of the previous year, the company achieved earnings per share of $ 1.53. The company’s quarterly revenue increased 21.9% compared to the same quarter last year.
Several equity analysts weighed on the company. Royal Bank of Canada increased its target price for Athene from $ 66.00 to $ 87.00 and assigned the company a “sector performance” rating in a research note on Thursday, November 4. Truist Securities raised its price target on Athene from $ 68.00 to $ 88.00 and assigned the company a “hold” rating in a research note on Tuesday, November 9. Truist raised its price target on Athene from $ 68.00 to $ 88.00 and gave the stock a “hold” rating in a research note on Tuesday, November 9. Morgan Stanley lowered its price target for Athene from $ 74.00 to $ 69.00 and set an “equal weight” rating for the company in a report released on Wednesday, September 1. Finally, Wells Fargo & Company raised its price target for Athene from $ 73.00 to $ 89.00 and gave the stock an “equal weight” rating in a report released on Thursday, November 4. Thirteen investment analysts rated the stock with a conservation rating and two gave the company a buy rating. According to MarketBeat.com, Athene currently has a consensus rating of “Hold” and an average target price of $ 71.34.
In other Athene news, CFO Martin P. Klein sold 1,800 shares of the company in a trade on Thursday, October 7. The shares were sold for an average price of $ 72.00, for a total value of $ 129,600.00. The transaction has been disclosed in a legal file with the Securities & Exchange Commission, which is available at this link. Also, EVP John Leonard Gold sold 1,875 shares of the company in a transaction on Tuesday, December 7th. The shares were sold at an average price of $ 81.98, for a total trade of $ 153,712.50. Disclosure of this sale can be found here. Insiders have sold a total of 12,175 shares of the company valued at $ 954,260 in the past 90 days. Company insiders own 6.80% of the company’s shares.
Institutional investors have recently changed their holdings in the company. Van ECK Associates Corp increased its position in Athene by 165.0% during the 2nd quarter. Van ECK Associates Corp now owns 424 shares of the insurance provider valued at $ 29,000 after purchasing an additional 264 shares in the last quarter. First Horizon Advisors Inc. purchased a new position in Athene in the third quarter, valued at approximately $ 39,000. FNY Investment Advisers LLC acquired a new position in Athene in the third quarter for a value of approximately $ 58,000. Maverick Capital Ltd. purchased a new equity interest in Athene during the second quarter valued at approximately $ 113,000. Finally, Islay Capital Management LLC increased its position in Athene shares by 9.4% during the third quarter. Islay Capital Management LLC now owns 1,856 shares of the insurance provider valued at $ 128,000 after purchasing 159 additional shares in the last quarter. Institutional investors and hedge funds hold 85.87% of the company’s shares.
ATH shares opened at $ 83.64 on Thursday. The company has a debt to equity ratio of 0.11, a quick ratio of 0.65, and a current ratio of 0.65. Athene has a 52 week low of $ 40.21 and a 52 week high of $ 91.26. The stock has a market cap of $ 16.07 billion, a PE ratio of 4.42 and a beta of 1.70. The stock’s fifty-day moving average is $ 84.35 and its 200-day moving average is $ 73.36.
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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