Analysts Anticipate Athene Holding Ltd (ATH) to Post $1.06 Earnings Per Share

Equities analysts predict that Athene Holding Ltd (NYSE:ATH) will post earnings per share of $1.06 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Athene Holding’s earnings, with the lowest EPS estimate coming in at $1.03 and the highest estimate coming in at $1.08. The firm is scheduled to issue its next quarterly earnings results on Wednesday, August 9th.

According to Zacks, analysts expect that Athene Holding will report full-year earnings of $4.62 per share for the current financial year, with EPS estimates ranging from $4.51 to $4.75. For the next fiscal year, analysts forecast that the business will post earnings of $4.98 per share, with EPS estimates ranging from $4.52 to $5.65. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow Athene Holding.

Athene Holding (NYSE:ATH) last posted its quarterly earnings results on Wednesday, May 10th. The insurance provider reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.82 EPS.

Several equities research analysts have recently weighed in on ATH shares. 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 research report on Monday. Barclays PLC reaffirmed a “buy” rating on shares of Athene Holding in a research report on Monday, February 20th. Sandler O’Neill started coverage on Athene Holding in a research report on Friday, January 20th. They issued a “hold” rating for the company. Morgan Stanley raised Athene Holding from an “equal weight” rating to an “overweight” rating and set a $58.00 target price for the company in a research report on Monday, April 3rd. Finally, Bank of America Corp reaffirmed a “buy” rating and issued a $63.00 target price (up previously from $61.00) on shares of Athene Holding in a research report on Monday. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $55.62.

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Athene Holding (NYSE:ATH) traded up 0.51% during midday trading on Tuesday, reaching $51.12. The company’s stock had a trading volume of 1,413,212 shares. The company has a market capitalization of $10.25 billion and a P/E ratio of 9.39. Athene Holding has a 1-year low of $43.25 and a 1-year high of $55.10. The company has a 50 day moving average of $52.68 and a 200-day moving average of $50.12.

In related news, major shareholder Apollo Management Holdings Gp, sold 12,532,624 shares of the stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $48.50, for a total value of $607,832,264.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Asset Management L.P. increased its position in shares of Athene Holding by 429.3% in the first quarter. Point72 Asset Management L.P. now owns 1,852,400 shares of the insurance provider’s stock worth $92,601,000 after buying an additional 1,502,400 shares in the last quarter. Point72 Europe London LLP acquired a new position in shares of Athene Holding during the first quarter worth approximately $6,154,000. Tyrus Capital S.A.M. acquired a new position in shares of Athene Holding during the first quarter worth approximately $250,000. FNY Partners Fund LP acquired a new position in shares of Athene Holding during the first quarter worth approximately $1,470,000. Finally, CNA Financial Corp acquired a new position in shares of Athene Holding during the first quarter worth approximately $2,500,000. 17.16% of the stock is owned by hedge funds and other institutional investors.

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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