ClariVest Asset Management LLC lowered its position in shares of Aspen Insurance Holdings Ltd. (NYSE:AHL) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,119 shares of the company’s stock after selling 400 shares during the period. ClariVest Asset Management LLC’s holdings in Aspen Insurance Holdings were worth $1,675,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of AHL. LS Investment Advisors LLC increased 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. Pacad Investment Ltd. purchased a new position in Aspen Insurance Holdings during the first quarter worth approximately $258,000. Oakbrook Investments LLC increased 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. BlackRock Japan Co. Ltd purchased a new position in Aspen Insurance Holdings during the first quarter worth approximately $305,000. Finally, NN Investment Partners Holdings N.V. purchased a new position in Aspen Insurance Holdings during the first quarter worth approximately $343,000. Hedge funds and other institutional investors own 93.97% of the company’s stock.
Aspen Insurance Holdings Ltd. (NYSE:AHL) traded up 0.02% during mid-day trading on Wednesday, reaching $49.42. The company had a trading volume of 120,756 shares. The stock has a 50 day moving average of $46.32 and a 200 day moving average of $46.27. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 10.73 and a beta of 0.75. Aspen Insurance Holdings Ltd. has a 52 week low of $40.34 and a 52 week 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 for the quarter, missing the consensus estimate of $0.69 by $0.29. The company had revenue of $680.80 million for the quarter, compared to analysts’ expectations of $677.80 million. Aspen Insurance Holdings had a net margin of 11.89% and a return on equity of 7.90%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.99 earnings per share. Analysts anticipate that Aspen Insurance Holdings Ltd. will post $3.65 earnings per share for the current year.
Separately, Zacks Investment Research upgraded Aspen Insurance Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, October 4th.
In related news, CEO Kane Christopher O sold 11,500 shares of Aspen Insurance Holdings 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 directly owns 277,889 shares in the company, valued at $12,574,477.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate 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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