Comerica Bank acquired a new position in Athene Holding Ltd. (NYSE:ATH) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,378 shares of the insurance provider’s stock, valued at approximately $232,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ATH. BlackRock Inc. grew its holdings in Athene by 164.7% during the second quarter. BlackRock Inc. now owns 5,112,966 shares of the insurance provider’s stock valued at $253,652,000 after purchasing an additional 3,181,535 shares during the period. Neuberger Berman Group LLC grew its holdings in Athene by 46.7% during the second quarter. Neuberger Berman Group LLC now owns 6,067,906 shares of the insurance provider’s stock valued at $301,029,000 after purchasing an additional 1,932,900 shares during the period. Alliancebernstein L.P. bought a new stake in Athene during the second quarter valued at about $86,452,000. Vanguard Group Inc. grew its holdings in Athene by 26.2% during the second quarter. Vanguard Group Inc. now owns 7,938,480 shares of the insurance provider’s stock valued at $393,827,000 after purchasing an additional 1,648,981 shares during the period. Finally, StepStone Group LP bought a new stake in Athene during the second quarter valued at about $76,530,000. 48.41% of the stock is owned by institutional investors.

Shares of Athene Holding Ltd. (NYSE ATH) opened at $48.06 on Thursday. The company has a market capitalization of $9,527.76 and a PE ratio of 8.84. Athene Holding Ltd. has a 52-week low of $43.25 and a 52-week high of $55.22.

Athene (NYSE:ATH) last posted its earnings results on Monday, November 6th. The insurance provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. The company had revenue of $863.00 million for the quarter, compared to the consensus estimate of $852.85 million. Athene had a return on equity of 13.31% and a net margin of 22.66%. analysts expect that Athene Holding Ltd. will post 5.17 EPS for the current fiscal year.

A number of research firms have recently weighed in on ATH. Zacks Investment Research raised Athene from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Tuesday, October 10th. Goldman Sachs Group began coverage on Athene in a research note on Wednesday, October 18th. They issued a “buy” rating and a $63.00 price objective for the company. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Athene in a research note on Monday, September 25th. Keefe, Bruyette & Woods set a $59.00 price objective on Athene and gave the stock a “buy” rating in a research note on Friday, August 11th. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of Athene in a research note on Wednesday, November 1st. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $59.80.

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Athene Company Profile

Athene Holding Ltd. is an insurance holding company. The Company’s segments include Retirement Services, Corporate and Other. Retirement Services segment consists of the United States and Bermuda operations, which issue and reinsure retirement savings products and institutional products. Retirement Services has retail operations, which provide annuity retirement solutions to its policyholders.

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Institutional Ownership by Quarter for Athene (NYSE:ATH)

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