Aspen Insurance Holdings Ltd. (NYSE:AHL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
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. “
Aspen Insurance Holdings (NYSE:AHL) traded up 3.26% on Tuesday, reaching $47.85. The company had a trading volume of 851,603 shares. Aspen Insurance Holdings has a 12-month low of $40.34 and a 12-month high of $51.53. The stock has a market capitalization of $2.88 billion, a PE ratio of 10.39 and a beta of 0.75. The stock’s 50 day moving average price is $45.66 and its 200-day moving average price is $46.20.
Aspen Insurance Holdings (NYSE:AHL) last issued its earnings results on Wednesday, July 27th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by $0.29. Aspen Insurance Holdings had a return on equity of 7.90% and a net margin of 11.89%. The company earned $680.80 million during the quarter, compared to analysts’ expectations of $677.80 million. During the same quarter in the prior year, the business posted $0.99 EPS. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities analysts expect that Aspen Insurance Holdings will post $3.63 earnings per share for the current fiscal year.
In related news, CEO Kane Christopher O sold 11,500 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 277,889 shares in the company, valued at $12,574,477.25. The sale 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 corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of AHL. LS Investment Advisors LLC boosted its position 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 valued at $169,000 after buying an additional 1,524 shares in the last quarter. Barclays PLC boosted its position in shares of Aspen Insurance Holdings by 318.5% in the second quarter. Barclays PLC now owns 4,419 shares of the company’s stock valued at $205,000 after buying an additional 3,363 shares in the last quarter. Ifrah Financial Services Inc. boosted its position in shares of Aspen Insurance Holdings by 0.3% in the second quarter. Ifrah Financial Services Inc. now owns 4,536 shares of the company’s stock valued at $210,000 after buying an additional 15 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of Aspen Insurance Holdings during the second quarter valued at $213,000. Finally, FDx Advisors Inc. acquired a new position in shares of Aspen Insurance Holdings during the second quarter valued at $216,000. Institutional investors and hedge funds own 93.97% of the company’s stock.
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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