Wells Fargo Remains a Buy on Athene Holding Ltd (ATH)


In a report released today, Elyse Greenspan from Wells Fargo maintained a Buy rating on Athene Holding Ltd (ATH), with a price target of $53. The company’s shares closed yesterday at $45.85.

Greenspan said:

“We expect ATH shares to trade down reflecting the earnings miss in the quarter.”

According to TipRanks.com, Greenspan is a 4-star analyst with an average return of 5.0% and a 63.6% 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 Strong Buy, with a price target consensus of $57.33.

See today’s analyst top recommended stocks >>

Based on Athene Holding Ltd’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.17 billion and GAAP net loss of $104 million. In comparison, last year the company earned revenue of $1.01 billion and had a net profit of $268 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Athene Holding Ltd. is engages in provision ofse retirement services. It issues and reinsures retirement savings products and institutional products. Its products include individual and group annuities. The company was founded by James R. Belardi and Frank L. Gills in May 2009 and is headquartered in Hamilton, Bermuda.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts