Athene Holding Ltd (ATH) Given New $57.00 Price Target at Royal Bank of Canada

Athene Holding Ltd (NYSE:ATH) had its price target hoisted by Royal Bank of Canada from $54.00 to $57.00 in a research report sent to investors on Friday. The brokerage currently has an outperform rating on the stock.

Several other research firms have also recently issued reports on ATH. Evercore ISI initiated coverage on Athene Holding in a research note on Tuesday, January 3rd. They issued a buy rating and a $54.00 target price on the stock. Credit Suisse Group AG initiated coverage on Athene Holding in a research note on Tuesday, January 3rd. They issued a neutral rating and a $50.00 target price on the stock. Barclays PLC reissued a buy rating on shares of Athene Holding in a research note on Monday, February 20th. Sandler O’Neill initiated coverage on shares of Athene Holding in a report on Friday, January 20th. They issued a hold rating for the company. Finally, Deutsche Bank AG initiated coverage on shares of Athene Holding in a report on Tuesday, January 3rd. They issued a hold rating and a $53.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $52.73.

Athene Holding (NYSE:ATH) traded up 0.23% during trading on Friday, hitting $52.24. The stock had a trading volume of 975,585 shares. The stock’s 50-day moving average price is $50.75 and its 200-day moving average price is $48.72. Athene Holding has a 1-year low of $43.25 and a 1-year high of $55.00. The company has a market capitalization of $10.59 billion and a P/E ratio of 15.59.

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A number of hedge funds have recently modified their holdings of the company. Temasek Holdings Private Ltd bought a new stake in shares of Athene Holding during the fourth quarter valued at approximately $110,986,000. Norges Bank bought a new stake in shares of Athene Holding during the fourth quarter valued at approximately $95,981,000. Franklin Resources Inc. bought a new stake in shares of Athene Holding during the fourth quarter valued at approximately $81,573,000. Levin Capital Strategies L.P. bought a new stake in shares of Athene Holding during the fourth quarter valued at approximately $68,817,000. Finally, King Street Capital Management L.P. bought a new stake in shares of Athene Holding during the fourth quarter valued at approximately $56,118,000. Institutional investors and hedge funds own 17.16% of the company’s stock.

About Athene Holding

Athene Holding Ltd. (Athene Holding) is a Bermuda-based life insurance holding company. The Company is principally focused on the retirement market and whose business, through its subsidiaries, is focused on issuing or reinsuring fixed and equity indexed annuities. Athene Holding’s subsidiaries are Athene Annuity & Life Assurance Company, Athene Life Insurance Company, Investors Insurance Corp, and Athene Life Re Ltd.

5 Day Chart for NYSE:ATH

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