Ameriprise Financial Inc. increased its stake in Aspen Insurance Holdings Limited (NYSE:AHL) by 55.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 558,411 shares of the insurance provider’s stock after acquiring an additional 199,021 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.94% of Aspen Insurance worth $22,560,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of AHL. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Aspen Insurance by 13.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,439 shares of the insurance provider’s stock worth $122,000 after acquiring an additional 284 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in Aspen Insurance during the 2nd quarter worth $201,000. TLP Group LLC boosted its stake in Aspen Insurance by 13.7% during the 2nd quarter. TLP Group LLC now owns 4,094 shares of the insurance provider’s stock worth $204,000 after purchasing an additional 494 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in Aspen Insurance during the 3rd quarter worth $204,000. Finally, PNC Financial Services Group Inc. boosted its stake in Aspen Insurance by 17.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,340 shares of the insurance provider’s stock worth $216,000 after purchasing an additional 659 shares during the last quarter. 92.70% of the stock is owned by institutional investors.

Shares of Aspen Insurance Holdings Limited (NYSE:AHL) opened at $41.05 on Friday. Aspen Insurance Holdings Limited has a one year low of $35.05 and a one year high of $57.80. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.71 and a quick ratio of 0.71.

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

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Friday, November 10th were given a dividend of $0.24 per share. The ex-dividend date was Thursday, November 9th. This represents a $0.96 annualized dividend and a dividend yield of 2.34%. Aspen Insurance’s payout ratio is -27.75%.

Several brokerages have issued reports on AHL. Zacks Investment Research raised shares of Aspen Insurance from a “strong sell” rating to a “hold” rating in a research note on Monday, October 30th. Barclays lowered their target price on shares of Aspen Insurance from $49.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Monday, October 16th. ValuEngine cut shares of Aspen Insurance from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. Buckingham Research lifted their target price on shares of 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 lowered their target price on shares of Aspen Insurance from $45.00 to $43.00 and set a “neutral” rating on the stock in a research note on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $46.75.

In other news, CEO Stephen Postlewhite sold 1,200 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $41.62, for a total transaction of $49,944.00. Following the transaction, the chief executive officer now owns 39,321 shares of the company’s stock, valued at approximately $1,636,540.02. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.34% of the company’s stock.

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Aspen Insurance Company 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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