Aspen Insurance Holdings Ltd. (AHL) Stock Rating Upgraded by Zacks Investment Research
Aspen Insurance Holdings Ltd. (NYSE:AHL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Monday.
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. “
Aspen Insurance Holdings (NYSE:AHL) opened at 51.40 on Monday. Aspen Insurance Holdings has a 12-month low of $40.34 and a 12-month high of $51.85. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 8.99 and a beta of 0.60. The company has a 50-day moving average of $48.39 and a 200 day moving average of $46.58.
Aspen Insurance Holdings (NYSE:AHL) last released its earnings results on Wednesday, October 26th. The company reported $0.97 earnings per share for the quarter, meeting the consensus estimate of $0.97. Aspen Insurance Holdings had a return on equity of 7.65% and a net margin of 14.12%. The firm had revenue of $681 million for the quarter, compared to analyst estimates of $744.59 million. During the same quarter in the prior year, the firm posted $0.93 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Equities analysts anticipate that Aspen Insurance Holdings will post $3.53 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 29th. Shareholders of record on Friday, November 11th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Tuesday, November 8th. Aspen Insurance Holdings’s payout ratio is 15.38%.
In other news, CEO Kane Christopher O sold 11,500 shares of the firm’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 of the company’s stock, valued at $12,574,477.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.50% of the company’s stock.
Several large investors have recently added to or reduced their stakes in AHL. Parametrica Management Ltd acquired a new stake in Aspen Insurance Holdings during the second quarter worth approximately $349,000. Lingohr & Partner Asset Management GmbH acquired a new stake in Aspen Insurance Holdings during the second quarter worth approximately $575,000. LS Investment Advisors LLC raised its stake in 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. Nordea Investment Management AB raised its stake in Aspen Insurance Holdings by 28.9% in the second quarter. Nordea Investment Management AB now owns 45,204 shares of the company’s stock worth $2,097,000 after buying an additional 10,129 shares in the last quarter. Finally, James Investment Research Inc. raised its stake in Aspen Insurance Holdings by 3.8% in the second quarter. James Investment Research Inc. now owns 985,252 shares of the company’s stock worth $45,696,000 after buying an additional 36,211 shares in the last quarter. 94.02% of the stock is currently owned by 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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