Municipal Employees Retirement System of Michigan cut its position in shares of Aspen Insurance Holdings Limited (NYSE:AHL) by 21.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,100 shares of the insurance provider’s stock after selling 5,060 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Aspen Insurance were worth $731,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Teacher Retirement System of Texas raised its stake in shares of Aspen Insurance by 0.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 4,790 shares of the insurance provider’s stock worth $239,000 after purchasing an additional 29 shares in the last quarter. People s United Financial Inc. raised its stake in shares of Aspen Insurance by 0.7% during the 2nd quarter. People s United Financial Inc. now owns 18,957 shares of the insurance provider’s stock worth $945,000 after purchasing an additional 133 shares in the last quarter. M&T Bank Corp raised its stake in shares of Aspen Insurance by 2.6% during the 2nd quarter. M&T Bank Corp now owns 6,059 shares of the insurance provider’s stock worth $302,000 after purchasing an additional 152 shares in the last quarter. Tudor Investment Corp ET AL raised its stake in shares of Aspen Insurance by 0.8% during the 2nd quarter. Tudor Investment Corp ET AL now owns 23,770 shares of the insurance provider’s stock worth $1,185,000 after purchasing an additional 181 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Aspen Insurance by 13.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,439 shares of the insurance provider’s stock worth $122,000 after purchasing an additional 284 shares in the last quarter. 92.71% of the stock is owned by institutional investors.

Aspen Insurance Holdings Limited (AHL) opened at $41.50 on Thursday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.21. Aspen Insurance Holdings Limited has a one year low of $35.05 and a one year high of $57.80.

Aspen Insurance (NYSE:AHL) last issued its quarterly earnings data on Wednesday, October 25th. The insurance provider reported ($4.78) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($5.07) by $0.29. Aspen Insurance had a negative return on equity of 5.68% and a negative net margin of 6.00%. The business had revenue of $652.50 million for the quarter, compared to the consensus estimate of $626.56 million. During the same period last year, the business earned $0.97 EPS. The firm’s revenue was down 4.2% compared to the same quarter last year. equities research analysts predict that Aspen Insurance Holdings Limited will post -3.2 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Investors of record on Friday, November 10th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date was Thursday, November 9th. Aspen Insurance’s payout ratio is -27.75%.

In related news, CEO Stephen Postlewhite sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $41.62, for a total value of $49,944.00. Following the transaction, the chief executive officer now directly owns 39,321 shares of the company’s stock, valued at approximately $1,636,540.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.34% of the stock is currently owned by company insiders.

A number of research firms have recently weighed in on AHL. Zacks Investment Research raised Aspen Insurance from a “strong sell” rating to a “hold” rating in a research note on Monday, October 30th. Barclays cut their price target on Aspen Insurance from $49.00 to $43.00 and set an “equal weight” rating for the company in a research note on Monday, October 16th. ValuEngine downgraded Aspen Insurance from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. Buckingham Research raised their price target on Aspen Insurance from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, October 5th. Finally, UBS cut their price target on Aspen Insurance from $45.00 to $43.00 and set a “neutral” rating for the company in a research note on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Aspen Insurance has an average rating of “Hold” and an average price target of $46.75.

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Aspen Insurance Profile

Aspen Insurance Holdings Limited is a holding company. The Company underwrites specialty insurance and reinsurance on a global basis. It manages its business as two business segments: Aspen Insurance and Aspen Reinsurance (Aspen Re). The reinsurance segment consists of property catastrophe reinsurance (including the business written through Aspen Capital Markets), other property reinsurance (risk excess, pro rata and facultative), casualty reinsurance (U.S.

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Institutional Ownership by Quarter for Aspen Insurance (NYSE:AHL)

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