Principal Financial Group Inc. increased its position in shares of Aspen Insurance Holdings Ltd. (NYSE:AHL) by 14.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 441,039 shares of the company’s stock after buying an additional 55,957 shares during the period. Principal Financial Group Inc. owned approximately 0.73% of Aspen Insurance Holdings worth $20,456,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. LS Investment Advisors LLC increased its stake in shares of 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 during the period. Ifrah Financial Services Inc. raised its stake in Aspen Insurance Holdings by 0.3% in the second quarter. Ifrah Financial Services Inc. now owns 4,536 shares of the company’s stock worth $210,000 after buying an additional 15 shares during the last quarter. Zweig DiMenna Associates LLC acquired a new stake in Aspen Insurance Holdings during the second quarter worth about $232,000. Pacad Investment Ltd. acquired a new stake in Aspen Insurance Holdings during the first quarter worth about $258,000. Finally, Oakbrook Investments LLC raised its stake in Aspen Insurance Holdings by 24.0% in the second quarter. Oakbrook Investments LLC now owns 6,200 shares of the company’s stock worth $288,000 after buying an additional 1,200 shares during the last quarter. Institutional investors own 93.97% of the company’s stock.
Shares of Aspen Insurance Holdings Ltd. (NYSE:AHL) opened at 46.59 on Friday. Aspen Insurance Holdings Ltd. has a 12-month low of $40.34 and a 12-month high of $51.53. The stock has a 50 day moving average price of $45.63 and a 200-day moving average price of $46.20. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 10.11 and a beta of 0.74.
Aspen Insurance Holdings (NYSE:AHL) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by $0.29. The company earned $680.80 million during the quarter, compared to analyst estimates of $677.80 million. Aspen Insurance Holdings had a return on equity of 7.90% and a net margin of 11.89%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.99 earnings per share. Equities analysts anticipate that Aspen Insurance Holdings Ltd. will post $3.65 EPS for the current fiscal year.
Separately, Zacks Investment Research upgraded Aspen Insurance Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, September 13th.
In other Aspen Insurance Holdings news, CEO Kane Christopher O sold 11,500 shares of the firm’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $45.25, for a total value of $520,375.00. Following the completion of the sale, the chief executive officer now directly owns 277,889 shares in the company, valued at $12,574,477.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by company insiders.
About Aspen Insurance Holdings
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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