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 Aspen Insurance Holdings (NYSE:AHL) opened at 46.34 on Wednesday. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 10.06 and a beta of 0.75. The company’s 50-day moving average is $45.66 and its 200-day moving average is $46.20. Aspen Insurance Holdings has a 12-month low of $40.34 and a 12-month high of $51.53.
Aspen Insurance Holdings (NYSE:AHL) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by $0.29. Aspen Insurance Holdings had a net margin of 11.89% and a return on equity of 7.90%. The business had revenue of $680.80 million for the quarter, compared to analyst estimates of $677.80 million. During the same period in the prior year, the business earned $0.99 EPS. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities analysts forecast that Aspen Insurance Holdings will post $3.63 earnings per share for the current fiscal year.
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 stock was sold at an average price of $45.25, for a total transaction of $520,375.00. Following the completion of the sale, the chief executive officer now owns 277,889 shares of the company’s stock, valued at approximately $12,574,477.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Prudential Financial Inc. increased its stake in shares of Aspen Insurance Holdings by 1.0% in the second quarter. Prudential Financial Inc. now owns 607,080 shares of the company’s stock valued at $28,156,000 after buying an additional 5,725 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Aspen Insurance Holdings by 29.9% in the first quarter. Renaissance Technologies LLC now owns 798,000 shares of the company’s stock valued at $38,065,000 after buying an additional 183,900 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Aspen Insurance Holdings by 2,123.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 88,899 shares of the company’s stock valued at $4,070,000 after buying an additional 84,900 shares in the last quarter. M&T Bank Corp acquired a new stake in shares of Aspen Insurance Holdings during the first quarter valued at about $389,000. Finally, BlackRock Group LTD increased its stake in shares of Aspen Insurance Holdings by 42.9% in the first quarter. BlackRock Group LTD now owns 51,594 shares of the company’s stock valued at $2,461,000 after buying an additional 15,477 shares in the last quarter. 93.97% of the stock is owned by institutional investors and hedge funds.
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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