Athene Holding (ATH) Earning Somewhat Positive News Coverage, Study Finds
Media coverage about Athene Holding (NYSE:ATH) has trended somewhat positive on Friday, Accern reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Athene Holding earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned headlines about the insurance provider an impact score of 46.8547975791235 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern’s scoring:
- Insurers at higher risk now (thestar.com.my)
- Athene Holding Ltd : Earnings Review and Free Research Report: Athene’s Operating Diluted EPS Surged 49% (4-traders.com)
- Bulls Shrug Off Bad News; Can These 5 Breakouts Bloom? (finance.yahoo.com)
- Analysts’ ‘Hold’ Ratings on Prudential Financial amid Lower Valuations (marketrealist.com)
ATH has been the subject of several research analyst reports. Bank of America Corporation reaffirmed a “buy” rating and set a $63.00 target price (up from $61.00) on shares of Athene Holding in a research note on Monday, May 15th. Zacks Investment Research raised Athene Holding from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Tuesday, July 11th. Credit Suisse Group raised Athene Holding from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $55.00 to $66.00 in a research note on Monday, June 19th. Deutsche Bank AG reaffirmed a “hold” rating and set a $59.00 target price (up from $58.00) on shares of Athene Holding in a research note on Monday, May 15th. Finally, BMO Capital Markets reaffirmed a “neutral” rating and set a $54.00 target price on shares of Athene Holding in a research note on Friday, May 12th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $57.50.
Athene Holding (NYSE:ATH) traded up 1.55% on Friday, reaching $54.34. The company had a trading volume of 983,538 shares. The company’s 50-day moving average is $51.43 and its 200-day moving average is $51.24. The company has a market capitalization of $10.87 billion and a PE ratio of 8.79. Athene Holding has a 52-week low of $43.25 and a 52-week high of $55.10.
Athene Holding (NYSE:ATH) last released its quarterly earnings results on Wednesday, August 9th. The insurance provider reported $1.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.37. The company had revenue of $821 million during the quarter, compared to analyst estimates of $810.07 million. Equities analysts anticipate that Athene Holding will post $5.11 EPS for the current fiscal year.
In other Athene Holding news, major shareholder Apollo Management Holdings Gp, sold 7,602,830 shares of the business’s stock in a transaction dated 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 Securities & Exchange Commission, which is accessible through the SEC website. 10.60% of the stock is owned by insiders.
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Athene Holding Company Profile
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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