Analysts Have Conflicting Sentiments on These Financial Companies: Progressive (NYSE: PGR) and Athene Holding Ltd (NYSE: ATH)

Analysts have been eager to weigh in on the Financial sector with new ratings on Progressive (NYSE: PGR) and Athene Holding Ltd (NYSE: ATH).

Progressive (NYSE: PGR)

In a report released today, Elyse Greenspan from Wells Fargo maintained a Hold rating on Progressive (NYSE: PGR), with a price target of $64. The company’s shares opened today at $59.27, close to its 52-week high of $62.78.

According to TipRanks.com, Greenspan is a 3-star analyst with an average return of 3.9% and a 52.1% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Renaissancere Holdings Ltd, and Marsh & Mclennan Companies.

Progressive has an analyst consensus of Moderate Buy, with a price target consensus of $63.33.

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Athene Holding Ltd (NYSE: ATH)

In a report released today, Sean Dargan from Wells Fargo maintained a Buy rating on Athene Holding Ltd (NYSE: ATH), with a price target of $65. The company’s shares opened today at $47.56.

Dargan noted:

“We will look for more guidance on how to model taxes on the conference call. Conference call: focus on 2018 guidance. Athene is to host its Q1 earnings conference call at 9:00am ET on May 4. The dial-in number is 888-317-6003; passcode: 2689674. We are expecting the company to provide updates on 2018 line item guidance (which should be included in the conference call slides). $ 2017A 2018E 2019E EPS Curr. Curr.”

According to TipRanks.com, Dargan is a 2-star analyst with an average return of 0.9% and a 44.9% success rate. Dargan covers the Financial sector, focusing on stocks such as Brighthouse Financial Inc, Prudential Financial Inc, and Lincoln National Corp.

Currently, the analyst consensus on Athene Holding Ltd is Strong Buy and the average price target is $65.25, representing a 37.2% upside.

In a report issued on April 25, Credit Suisse also initiated coverage with a Buy rating on the stock with a $67 price target.

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