Aspen Insurance Holdings Ltd. (NYSE:AHL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.
According to Zacks, “Aspen Insurance Holdings is a Bermudian holding company that provides property and casualty reinsurance in the global market, property and liability insurance principally in the United Kingdom and surplus lines insurance in the United States. Aspen’s operations are conducted through its wholly-owned subsidiaries located in London, Bermuda and the United States: Aspen Insurance UK Limited, Aspen Insurance Limited and Aspen Specialty Insurance Company. “
Shares of Aspen Insurance Holdings (NYSE:AHL) traded up 1.69% on Wednesday, reaching $47.03. 225,270 shares of the company’s stock were exchanged. Aspen Insurance Holdings has a 12 month low of $40.34 and a 12 month high of $51.53. The firm’s 50 day moving average price is $45.55 and its 200-day moving average price is $46.19. The company has a market capitalization of $2.83 billion, a P/E ratio of 10.21 and a beta of 0.74.
Aspen Insurance Holdings (NYSE:AHL) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by $0.29. The company had revenue of $680.80 million for the quarter, compared to analyst estimates of $677.80 million. Aspen Insurance Holdings had a return on equity of 7.90% and a net margin of 11.89%. Aspen Insurance Holdings’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.99 EPS. On average, equities analysts anticipate that Aspen Insurance Holdings will post $3.65 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 30th. Shareholders of record on Friday, August 12th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $0.88 annualized dividend and a yield of 1.87%. Aspen Insurance Holdings’s payout ratio is presently 19.05%.
In other Aspen Insurance Holdings news, CEO Kane Christopher O sold 11,500 shares of the business’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $45.25, for a total transaction of $520,375.00. Following the sale, the chief executive officer now owns 277,889 shares in the company, valued at approximately $12,574,477.25. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.50% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its stake in Aspen Insurance Holdings by 16.8% in the first quarter. Envestnet Asset Management Inc. now owns 3,336 shares of the company’s stock valued at $159,000 after buying an additional 481 shares during the last quarter. LS Investment Advisors LLC increased its position in shares of Aspen Insurance Holdings by 71.9% in the second quarter. LS Investment Advisors LLC now owns 3,645 shares of the company’s stock worth $169,000 after buying an additional 1,524 shares in the last quarter. Barclays PLC increased its position in shares of Aspen Insurance Holdings by 318.5% in the second quarter. Barclays PLC now owns 4,419 shares of the company’s stock worth $205,000 after buying an additional 3,363 shares in the last quarter. Ifrah Financial Services Inc. increased its position in shares of Aspen Insurance Holdings by 0.3% in the second quarter. Ifrah Financial Services Inc. now owns 4,536 shares of the company’s stock worth $210,000 after buying an additional 15 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of Aspen Insurance Holdings during the second quarter worth $213,000. Hedge funds and other institutional investors own 93.97% of the company’s stock.
About Aspen Insurance Holdings
Aspen Insurance Holdings Limited (Aspen Holdings) is a holding company. The Company conducts insurance and reinsurance business through its subsidiaries: Aspen U.K. and AUL, Aspen Bermuda (Bermuda) and Aspen Specialty and AAIC (the United States). It operates in two segments: Aspen Insurance and Aspen Reinsurance (Aspen Re).
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