Aspen Insurance (AHL) Stock Rating Upgraded by Zacks Investment Research
Zacks Investment Research upgraded shares of Aspen Insurance (NYSE:AHL) from a sell rating to a hold rating in a report issued on Wednesday morning.
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. “
A number of other research analysts have also issued reports on AHL. ValuEngine lowered Aspen Insurance from a sell rating to a strong sell rating in a report on Friday, February 2nd. UBS Group decreased their target price on Aspen Insurance from $43.00 to $42.00 and set a neutral rating for the company in a report on Friday, January 26th. Finally, Barclays decreased their target price on Aspen Insurance from $43.00 to $40.00 and set an equal weight rating for the company in a report on Friday, January 26th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $45.75.
Aspen Insurance (NYSE:AHL) last released its quarterly earnings results on Wednesday, February 7th. The insurance provider reported ($3.14) EPS for the quarter, topping the consensus estimate of ($3.46) by $0.32. Aspen Insurance had a negative return on equity of 11.61% and a negative net margin of 10.80%. The business had revenue of $511.00 million during the quarter, compared to analyst estimates of $592.27 million. During the same period last year, the business posted ($0.34) earnings per share. The company’s quarterly revenue was down 16.6% on a year-over-year basis. equities research analysts predict that Aspen Insurance will post 3.7 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Friday, February 23rd will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.96 dividend on an annualized basis and a yield of 2.32%. Aspen Insurance’s dividend payout ratio (DPR) is presently -18.75%.
A number of large investors have recently added to or reduced their stakes in AHL. NWQ Investment Management Company LLC purchased a new position in Aspen Insurance in the fourth quarter valued at $48,846,000. Franklin Resources Inc. boosted its holdings in Aspen Insurance by 115.9% in the fourth quarter. Franklin Resources Inc. now owns 1,765,951 shares of the insurance provider’s stock valued at $71,697,000 after purchasing an additional 948,118 shares during the period. Deprince Race & Zollo Inc. boosted its holdings in Aspen Insurance by 215.5% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,369,269 shares of the insurance provider’s stock valued at $55,592,000 after purchasing an additional 935,244 shares during the period. Citadel Advisors LLC boosted its holdings in Aspen Insurance by 71.0% in the third quarter. Citadel Advisors LLC now owns 1,446,231 shares of the insurance provider’s stock valued at $58,428,000 after purchasing an additional 600,265 shares during the period. Finally, Pzena Investment Management LLC raised its stake in Aspen Insurance by 54.2% in the third quarter. Pzena Investment Management LLC now owns 1,687,551 shares of the insurance provider’s stock valued at $68,177,000 after buying an additional 593,268 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.
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About Aspen Insurance
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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