Athene Holding Ltd. (ATH) Research Recommendations: Here’s What You Should Know

The stock of Athene Holding Ltd. (NYSE:ATH) increased by increased by $2.88 on Friday to finish at $89.80, up 3.31 percent. The last five days have seen an average of 1,523,580 shares of common stock traded. 46 times new highs were reached in the current year, with a gain of $46.66. The average number of shares traded over the last 20 days was 1,005,350, while the average volume over the last 50 days totaled 920,118.

ATH stock appreciated 31.09% since last month. On 10/04/21, the company’s shares reached a one-month low of $66.07. The stock touched a high of $87.22 on 10/22/21, after rallying from a low of $30.05 in 52 weeks. The price of ATH stock has risen by 108.16% or $46.66 this year, reaching a new high 46 times. Still, the stock price is up 2.96% from the 52-week high.


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Insider Transactions

There have been 5 days since Athene Holding Ltd. (ATH) last reported insider trading activity on Oct 20. On Oct 20, Executive VP and CFO Klein Martin P sold 4,300 shares at $81.69 each. This transaction resulted in the insider making $351,267. On Oct 15, Borden Robert L sold 2,000 shares at a price of US$77.34. After the transaction, the insider now owns 27,147 shares. Executive VP and CFO Klein Martin P had earlier sold 2,200 shares on Oct 11 for $75.00 a share. The transaction was completed for $165,000.

Valuation Metrics

Athene Holding Ltd. (ATH) has a trailing price-to-earnings (P/E) ratio of 5.07. This level actually compares favorably with the industry at large, as the PE for the Insurance – Diversified industry stands at about 12.76. Further, its PE also compares favorably with the Financial sector’s trailing 12 months PE ratio, which comes in at 13.15 right now. The PE ratio of Athene Holding Ltd. has varied between 20.03 and 1.424 in the last five years. Beta for the stock is 1.68. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.75, the price-to-book (PB) ratio of 0.86, and the price-to-cash flow ratio of 3.18.

Athene Holding Ltd.’s operating margin stood at 20.80% for the same period. Based on annual data, it had gross profit of $2.21 billion and revenue of $14.76 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ATH’s return on assets (ROA) during the last 12 months has been 1.80%. There was a 9.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 20.30%. ROE has averaged 11.41 in the past year for the broader industry.

Earnings Surprise

According to Athene Holding Ltd.’s quarterly financial report for the quarter that ended June 29, it had $2.47 billion in total debt versus $119.94 billion in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $6.42 billion, while revenues rose by 31.53% to $4.39 billion. It was predicted that Athene Holding Ltd.’s quarterly earnings would be $5.04, but it ended up being $3.5, beating the consensus by 44.00%. EBITDA was $2.17 billion for the quarter. At the end of Athene Holding Ltd.’s most recent quarter ended June 29, its total debt was $2.53 billion. Equity owned by shareholders amounts to $191.97 million.

Technical Picture

Here’s a quick look at Athene Holding Ltd.’s (ATH) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 90.04%, suggesting the stock is Overbought, with a 28.04% historical volatility rate.

The stochastic %K and %D were 97.34% and 94.59% respectively, while the average true range (ATR) was 2.91. Based on the 14-day stochastic reading of 98.12%, the RSI (14) reading is 84.05%. On the 9-day MACD Oscillator, the stock is at 6.88, and the 14-day reading is at 9.82.

Analyst Ratings

Athene Holding Ltd. (NYSE: ATH) was downgraded by Truist to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Athene Holding Ltd. (ATH) an Overweight rating. ATH is a stock that is recommended for selling by 0 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.

What is ATH’s price target for the next 12 months?

The current consensus forecast for the stock is between $66.00 and $85.00, with a median target price of $72.50. In analyzing these forecasts, the average price target given by analysts for Athene Holding Ltd. (ATH) is $72.61.

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