Headlines about Athene (NYSE:ATH) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Athene earned a news impact score of 0.07 on Accern’s scale. Accern also assigned news articles about the insurance provider an impact score of 45.3973827364133 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern’s rankings:
- Genworth Financial (GNW) & Athene (ATH) Critical Contrast (americanbankingnews.com)
- Cambridge and Churchill criticised after breaking silence on Daily Mail article (varsity.co.uk)
- 5 Top Q1 Annuity Earnings Wild Cards (thinkadvisor.com)
- Extraordinary experience when kiwi strolls into Northland home (nzherald.co.nz)
- Northland couple stunned after kiwi wandered into home (newstalkzb.co.nz)
Several equities research analysts have weighed in on the company. ValuEngine lowered Athene from a “buy” rating to a “hold” rating in a research report on Friday, April 6th. Morgan Stanley dropped their target price on Athene from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday, April 5th. Zacks Investment Research lowered Athene from a “buy” rating to a “hold” rating in a research report on Friday, March 9th. UBS raised Athene from a “neutral” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Friday, March 2nd. Finally, Citigroup dropped their target price on Athene from $58.00 to $54.00 and set a “neutral” rating on the stock in a research report on Monday, February 26th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $62.38.
Athene (NYSE:ATH) last released its quarterly earnings results on Wednesday, February 21st. The insurance provider reported $1.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.46. Athene had a return on equity of 12.97% and a net margin of 16.47%. The company had revenue of $861.00 million during the quarter, compared to analysts’ expectations of $884.38 million. During the same quarter in the prior year, the business posted $1.80 earnings per share. equities analysts expect that Athene will post 5.28 EPS for the current fiscal year.
In other news, insider Grant Kvalheim sold 85,000 shares of the stock in a transaction on Friday, March 16th. The stock was sold at an average price of $50.05, for a total value of $4,254,250.00. Following the completion of the transaction, the insider now owns 1,554,013 shares of the company’s stock, valued at $77,778,350.65. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Manfred Puffer sold 40,000 shares of the stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $50.44, for a total value of $2,017,600.00. Following the completion of the transaction, the director now directly owns 15,728 shares of the company’s stock, valued at approximately $793,320.32. The disclosure for this sale can be found here. In the last three months, insiders sold 135,000 shares of company stock valued at $6,801,050. Company insiders own 10.60% of the company’s stock.
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Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products in the United States, the District of Columbia, and Germany. It offers fixed deferred, immediate, and payout annuities; and funding agreements and pension risk transfer products to institutional investors.
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