Athene Holding Ltd Gets a Buy Rating from Wells Fargo


In a report released yesterday, Sean Dargan from Wells Fargo assigned a Buy rating to Athene Holding Ltd (NYSE: ATH). The company’s shares closed yesterday at $46.47.

Dargan wrote:

“We rate ATH shares Outperform. We like its business model and think ATH warrants a higher multiple vs. peers given its high EPS growth rate and high ROE.”

According to TipRanks.com, Dargan is a 2-star analyst with an average return of 1.2% and a 46.3% success rate. Dargan covers the Financial sector, focusing on stocks such as Brighthouse Financial Inc, Prudential Financial Inc, and Lincoln National Corp.

Athene Holding Ltd has an analyst consensus of Strong Buy, with a price target consensus of $59.75.

See today’s analyst top recommended stocks >>

Athene Holding Ltd’s market cap is currently $9.29B and has a P/E ratio of 6.90. The company has a Price to Book ratio of 1.07.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock.

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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.

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