Handle With Care: Athene Holding Ltd. (NYSE: ATH)

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    The Vanguard Group, Inc. recently announced the acquisition of new stake in Athene Holding Ltd. (NYSE:ATH). The institutional investor has increased its shareholding in the Financial company by 6.25% to 14.64 million shares with purchase of 0.86 million shares. This fresh investment now brings its stake to 7.54% valued currently at $456.55 million. In addition, Wellington Management Co. LLP raised its holdings by 0.75 million to 13.51 million shares.

    With over 0.7 million Athene Holding Ltd. (ATH) shares trading Wednesday and a closing price of $33.54 on the day, the dollar volume was approximately $23.64 million. The shares have shown a negative weekly performance of -3.96% and its price on 07/28/20 gained nearly 3.23%. Currently, there are 194.30M common shares owned by the public and among those 185.45M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 12 analysts who have offered their price forecasts for ATH have a consensus price objective of $43.45. The analysts have set the share’s price value over the next 12 months at a high of $62.00 and a low of $31.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Athene Holding Ltd. stock is 2.30 for the next 12 months. The average price target is 21.08% above its last price level and an upside to the estimated low will see the stock lose -8.19% over that period. But an upside of 45.9% will see the stock hit the forecast high price target while mean target price for the stock is $44.00.

    Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.

    The top 3 mutual fund holders in Athene Holding Ltd. are Vanguard Total Stock Market Index, Vanguard Windsor Funds – Vanguard, and CI Cambridge Canadian Equity Corp. Vanguard Total Stock Market Index owns 5.26 million shares of the company’s stock, all valued at over $163.98 million. The company bought an additional 1.13 million shares recently to bring their total holdings to about 2.71% of the shares outstanding. Vanguard Windsor Funds – Vanguard bought 0.63 million shares to see its total holdings expand to 5.21 million shares valued at over $162.47 million and representing 2.68% of the shares outstanding. CI Cambridge Canadian Equity Corp bought 0.23 million shares to bring its total holdings to over 3.53 million shares at a value of $110.11 million. CI Cambridge Canadian Equity Corp now owns shares totaling to 1.82% of the shares outstanding.

    Shares of Athene Holding Ltd. (NYSE: ATH) opened at $32.72, up $0.23 from a prior closing price of $32.49. However, the script later closed the day at $33.54, up 3.23%. The company’s stock has a 5-day price change of -3.96% and 23.68% over the past three months. ATH shares are trading -30.92% year to date (YTD), with the 12-month market performance down to -22.73% lower. It has a 12-month low price of $13.37 and touched a high of $50.43 over the same period. Currently, 0.7 million shares have been traded, compared to an average intraday trading volume of 2.13 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.45%, 6.43%, and -8.21% respectively.

    Institutional ownership of Athene Holding Ltd. (NYSE: ATH) 194.30M shares outstanding. Mutual fund holders own 36.57%, while other institutional holders and individual stakeholders account for 5.76% and 31.44% respectively.

    It has a market capitalization of $6.39B and a beta (3y monthly) value of 1.39. The stock’s trailing 12-month PE ratio is 14.77, while the earnings-per-share (ttm) stands at $2.20. The company has a PEG of 1.14 and the debt-to-equity ratio at 0.14. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.79% over the week and 3.97% over the month.

    Analysts forecast that Athene Holding Ltd. (ATH) will achieve an EPS of $1.62 for the current quarter, $1.76 for the next quarter and $7.7 for 2021. The lowest estimate earnings-per-share for the quarter is $0.5 while analysts give the company a high EPS estimate of $2.5. Comparatively, EPS for the current quarter was $1.95 a year ago. Earnings per share for the fiscal year are expected to increase by 114.80%, and 59.55% over the next financial year. EPS should shrink at an annualized rate of 12.93% over the next five years, compared to 37.70% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 12 brokerage firm advisors rate Athene Holding Ltd. (ATH) as a “Moderate Buy” at a consensus score of 2.30. Specifically, 7 Wall Street analysts polled rate the stock as a buy, while 5 of the 12 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the ATH, a number of firms have released research notes about the stock. RBC Capital Mkts stated their Sector Perform rating for the stock in a research note on March 20, 2020, with the firm’s price target at $60-$33. BofA/Merrill coverage for the Athene Holding Ltd. (ATH) stock in a research note released on October 03, 2018 offered a Buy rating with a price target of $67. Barclays was of a view on June 08, 2018 that the stock is Equal Weight, while Credit Suisse gave the stock Outperform rating on April 25, 2018, issuing a price target of $67. Sandler O’Neill on their part issued Buy rating on August 11, 2017.

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