UPDATE: JPMorgan Resumes Athene Holding (ATH) at Overweight

March 3, 2021 4:44 AM EST
Get Alerts ATH Hot Sheet
Price: $54.14 --0%

Rating Summary:
    8 Buy, 9 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 15 | Down: 13 | New: 40
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(Updated - March 3, 2021 5:07 AM EST)

JPMorgan analyst Jimmy Bhullar resumes coverage on Athene Holding (NYSE: ATH) with a Overweight rating and a price target of $57.00.

The analyst comments "Our Overweight rating reflects ATH’s tax advantage, strong capital position, multi-pronged distribution and product offering, and superior EPS and BV growth. Upgrades from rating agencies are a potential positive as well. Furthermore, ATH is less susceptible than peers to potentially higher corporate taxes and upcoming accounting changes. While concerns about ATH’s ownership structure and credit risk are valid, they are better reflected in valuation. The stock has gone from trading at a valuation premium to the life sector to an increasingly greater discount in recent years. Barring a downturn in the credit market, we feel that ATH offers the best upside potential in the life insurance sector."

For an analyst ratings summary and ratings history on Athene Holding click here. For more ratings news on Athene Holding click here.

Shares of Athene Holding closed at $46.79 yesterday.


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