Aspen Insurance Holdings Ltd. (AHL) Upgraded to “Hold” 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) traded up 0.84% during trading on Tuesday, hitting $48.25. The company had a trading volume of 228,572 shares. The stock has a market cap of $2.90 billion, a PE ratio of 10.47 and a beta of 0.75. The firm has a 50 day moving average of $45.73 and a 200 day moving average of $46.21. Aspen Insurance Holdings has a 12-month low of $40.34 and a 12-month high of $51.53.
Aspen Insurance Holdings (NYSE:AHL) last announced its earnings results on Wednesday, July 27th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.69 by $0.29. The business earned $680.80 million during 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%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.99 earnings per share. On average, analysts forecast that Aspen Insurance Holdings will post $3.63 earnings per share for the current fiscal year.
In other news, CEO Kane Christopher O sold 11,500 shares of the business’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 transaction, the chief executive officer now directly owns 277,889 shares of the company’s stock, valued at approximately $12,574,477.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Rafferty Asset Management LLC increased its position in Aspen Insurance Holdings by 49.6% in the first quarter. Rafferty Asset Management LLC now owns 8,130 shares of the company’s stock valued at $388,000 after buying an additional 2,697 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new position in Aspen Insurance Holdings during the first quarter valued at about $606,000. M&T Bank Corp purchased a new position in Aspen Insurance Holdings during the first quarter valued at about $389,000. NN Investment Partners Holdings N.V. purchased a new position in Aspen Insurance Holdings during the first quarter valued at about $343,000. Finally, JPMorgan Chase & Co. increased its position in Aspen Insurance Holdings by 5.0% in the first quarter. JPMorgan Chase & Co. now owns 1,195,332 shares of the company’s stock valued at $57,017,000 after buying an additional 57,353 shares in the last quarter. 93.97% of the stock is currently owned by hedge funds and other institutional investors.
Aspen Insurance Holdings Company Profile
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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