Athene Holding Ltd (ATH) Receives a Buy from Wells Fargo


In a report released yesterday, Elyse Greenspan from Wells Fargo maintained a Buy rating on Athene Holding Ltd (ATH), with a price target of $53. The company’s shares opened today at $45.49.

According to TipRanks.com, Greenspan is a 4-star analyst with an average return of 3.5% and a 63.3% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and AXA Equitable Holdings Inc.

Athene Holding Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $57.50.

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Based on Athene Holding Ltd’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.59 billion and net profit of $640 million. In comparison, last year the company earned revenue of $3.88 billion and had a net profit of $464 million.

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Athene Holding Ltd. is engaged in providing retirement services. It issues and reinsures retirement savings products and institutional products. The company operates corporate activities and German operations, which comprises of participating long-duration saving products.