Aspen Insurance Holdings Ltd. (AHL) Lowered to “Sell” at Zacks Investment Research
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 47.03 on Wednesday. Aspen Insurance Holdings has a 52-week low of $40.34 and a 52-week high of $51.53. The firm has a market capitalization of $2.83 billion, a PE ratio of 10.21 and a beta of 0.74. The firm’s 50-day moving average price is $45.58 and its 200-day moving average price is $46.19.
Aspen Insurance Holdings (NYSE:AHL) last posted its earnings results on Wednesday, July 27th. The company reported $0.40 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 the consensus estimate of $677.80 million. Aspen Insurance Holdings had a net margin of 11.89% and a return on equity of 7.90%. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the company posted $0.99 earnings per share. On average, equities analysts predict that Aspen Insurance Holdings will post $3.65 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 30th. Shareholders of record on Friday, August 12th were given a $0.22 dividend. The ex-dividend date was Wednesday, August 10th. This represents a $0.88 dividend on an annualized basis and a yield of 1.87%. Aspen Insurance Holdings’s dividend payout ratio (DPR) is 19.05%.
In other Aspen Insurance Holdings news, CEO Kane Christopher O sold 11,500 shares of the company’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the stock. Emerald Acquisition Ltd. acquired a new stake in Aspen Insurance Holdings during the second quarter worth about $29,805,000. Dimensional Fund Advisors LP raised its stake in 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. raised its stake in 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. Foundry Partners LLC acquired a new stake in Aspen Insurance Holdings during the second quarter worth about $9,501,000. Finally, Renaissance Technologies LLC raised its stake in Aspen Insurance Holdings by 29.9% in the first quarter. Renaissance Technologies LLC now owns 798,000 shares of the company’s stock worth $38,065,000 after buying an additional 183,900 shares during the last quarter. 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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