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) opened at 47.97 on Tuesday. The company has a 50-day moving average price of $45.92 and a 200-day moving average price of $46.24. Aspen Insurance Holdings has a 1-year low of $40.34 and a 1-year high of $51.53. The company has a market cap of $2.89 billion, a PE ratio of 10.41 and a beta of 0.75.
Aspen Insurance Holdings (NYSE:AHL) last issued its earnings results on Wednesday, July 27th. The company reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.69 by $0.29. The business earned $680.80 million during the quarter, compared to the consensus estimate of $677.80 million. Aspen Insurance Holdings had a return on equity of 7.90% and a net margin of 11.89%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.99 earnings per share. Equities research analysts expect that Aspen Insurance Holdings will post $3.65 earnings per share for the current fiscal year.
In other Aspen Insurance Holdings news, CEO Kane Christopher O sold 11,500 shares of Aspen Insurance Holdings stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $45.25, for a total value of $520,375.00. Following the completion of the sale, the chief executive officer now directly owns 277,889 shares in the company, valued at $12,574,477.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.50% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the company. Emerald Acquisition Ltd. acquired a new stake in shares of Aspen Insurance Holdings during the second quarter worth $29,805,000. Copper Rock Capital Partners LLC acquired a new stake in shares of Aspen Insurance Holdings during the third quarter worth $27,679,000. Dimensional Fund Advisors LP increased its stake in shares of Aspen Insurance Holdings by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 5,121,926 shares of the company’s stock worth $237,551,000 after buying an additional 292,158 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Aspen Insurance Holdings by 82.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 502,515 shares of the company’s stock worth $23,307,000 after buying an additional 227,104 shares during the last quarter. Finally, Foundry Partners LLC acquired a new stake in shares of Aspen Insurance Holdings during the second quarter worth $9,501,000. Institutional investors and hedge funds 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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