Aspen Insurance (AHL) Rating Lowered to Hold at Zacks Investment Research
Aspen Insurance (NYSE:AHL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.
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 NYSE:AHL opened at $42.56 on Thursday. The firm has a market capitalization of $2.54 billion, a PE ratio of 4,256.00 and a beta of 0.16. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.15. Aspen Insurance has a 52 week low of $34.80 and a 52 week high of $46.10.
Large investors have recently made changes to their positions in the company. KBC Group NV grew its position in Aspen Insurance by 205.5% during the fourth quarter. KBC Group NV now owns 1,674 shares of the insurance provider’s stock valued at $70,000 after acquiring an additional 1,126 shares during the period. We Are One Seven LLC purchased a new stake in Aspen Insurance during the fourth quarter valued at about $85,000. HRT Financial LLC purchased a new stake in Aspen Insurance during the third quarter valued at about $233,000. Exane Asset Management purchased a new stake in Aspen Insurance during the fourth quarter valued at about $254,000. Finally, State of Alaska Department of Revenue grew its position in Aspen Insurance by 37.9% during the third quarter. State of Alaska Department of Revenue now owns 6,151 shares of the insurance provider’s stock valued at $257,000 after acquiring an additional 1,691 shares during the period. 93.64% of the stock is owned by institutional investors and hedge funds.
About Aspen Insurance
Aspen Insurance Holdings Limited, through its subsidiaries, engages in insurance and reinsurance businesses in the United States and internationally. The company's Aspen Insurance segment offers property and casualty insurance products, including U.S. and U.K. commercial property, commercial liability, U.S.
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