Teacher Retirement System of Texas boosted its position in shares of Aspen Insurance Holdings Ltd. (NYSE:AHL) by 13.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 8,506 shares of the company’s stock after buying an additional 1,029 shares during the period. Teacher Retirement System of Texas’ holdings in Aspen Insurance Holdings were worth $395,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in AHL. LS Investment Advisors LLC raised its position in 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 in the last quarter. Ifrah Financial Services Inc. raised its position 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 in the last quarter. Zweig DiMenna Associates LLC bought a new position in Aspen Insurance Holdings during the second quarter worth $232,000. Pacad Investment Ltd. bought a new position in Aspen Insurance Holdings during the first quarter worth $258,000. Finally, Oakbrook Investments LLC raised its position 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 in the last quarter. 93.97% of the stock is owned by hedge funds and other institutional investors.
Aspen Insurance Holdings Ltd. (NYSE:AHL) opened at 49.72 on Monday. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 10.79 and a beta of 0.75. 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 $46.05 and a 200-day moving average price of $46.25.
Aspen Insurance Holdings (NYSE:AHL) last released 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 business had revenue of $680.80 million for the quarter, compared to the consensus estimate of $677.80 million. Aspen Insurance Holdings had a net margin of 11.89% and a return on equity of 7.90%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.99 EPS. On average, analysts predict 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 “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Tuesday, June 28th.
In other Aspen Insurance Holdings news, CEO Kane Christopher O sold 11,500 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 277,889 shares of the company’s stock, valued at approximately $12,574,477.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.50% 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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