Retirement Systems of Alabama decreased its stake in shares of Aspen Insurance Holdings Ltd. (NYSE:AHL) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,327 shares of the company’s stock after selling 305 shares during the period. Retirement Systems of Alabama’s holdings in Aspen Insurance Holdings were worth $3,633,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the stock. LS Investment Advisors LLC raised 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 valued at $169,000 after buying an additional 1,524 shares in the last quarter. Pacad Investment Ltd. acquired a new stake in shares of Aspen Insurance Holdings during the first quarter valued at about $258,000. Oakbrook Investments LLC raised its stake in shares of Aspen Insurance Holdings by 24.0% in the second quarter. Oakbrook Investments LLC now owns 6,200 shares of the company’s stock valued at $288,000 after buying an additional 1,200 shares in the last quarter. BlackRock Japan Co. Ltd acquired a new stake in shares of Aspen Insurance Holdings during the first quarter valued at about $305,000. Finally, NN Investment Partners Holdings N.V. acquired a new stake in shares of Aspen Insurance Holdings during the first quarter valued at about $343,000. 94.94% of the stock is owned by hedge funds and other institutional investors.
Shares of Aspen Insurance Holdings Ltd. (NYSE:AHL) traded down 0.56% during midday trading on Tuesday, reaching $49.58. The company had a trading volume of 205,790 shares. The stock has a market capitalization of $2.98 billion, a PE ratio of 10.76 and a beta of 0.75. Aspen Insurance Holdings Ltd. has a 1-year low of $40.34 and a 1-year high of $51.53. The company’s 50-day moving average is $46.97 and its 200-day moving average is $46.33.
Aspen Insurance Holdings (NYSE:AHL) last released its earnings results on Wednesday, July 27th. The company reported $0.40 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 the consensus estimate of $677.80 million. During the same period last year, the firm posted $0.99 earnings per share. The company’s revenue was up 11.7% compared to the same quarter last year. On average, equities research analysts forecast that Aspen Insurance Holdings Ltd. will post $3.65 EPS for the current year.
Separately, Zacks Investment Research raised Aspen Insurance Holdings from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Tuesday, June 28th.
In other Aspen Insurance Holdings news, CEO Kane Christopher O sold 11,500 shares of the business’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $45.25, for a total value of $520,375.00. Following the sale, the chief executive officer now directly owns 277,889 shares of the company’s stock, valued at $12,574,477.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is 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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