CHICAGO TRUST Co NA bought a new stake in Aspen Insurance Holdings Limited (NYSE:AHL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,023 shares of the insurance provider’s stock, valued at approximately $204,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Aspen Insurance by 13.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,439 shares of the insurance provider’s stock valued at $122,000 after purchasing an additional 284 shares during the period. Susquehanna International Group LLP acquired a new position in shares of Aspen Insurance in the 2nd quarter valued at about $201,000. TLP Group LLC increased its holdings in shares of Aspen Insurance by 13.7% in the 2nd quarter. TLP Group LLC now owns 4,094 shares of the insurance provider’s stock valued at $204,000 after purchasing an additional 494 shares during the period. Quantitative Systematic Strategies LLC acquired a new position in shares of Aspen Insurance in the 3rd quarter valued at about $204,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Aspen Insurance by 17.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,340 shares of the insurance provider’s stock valued at $216,000 after purchasing an additional 659 shares during the period. Institutional investors own 92.64% of the company’s stock.
A number of brokerages have recently weighed in on AHL. Zacks Investment Research upgraded Aspen Insurance from a “strong sell” rating to a “hold” rating in a report on Monday, October 30th. Barclays lowered their price target on Aspen Insurance from $49.00 to $43.00 and set an “equal weight” rating for the company in a research note on Monday, October 16th. ValuEngine cut Aspen Insurance from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. Buckingham Research boosted their price target on Aspen Insurance from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, October 5th. Finally, UBS Group lowered their price target on Aspen Insurance from $45.00 to $43.00 and set a “neutral” rating for the company in a research note on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $46.75.
Aspen Insurance (NYSE:AHL) last announced its quarterly earnings results on Wednesday, October 25th. The insurance provider reported ($4.78) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($5.07) by $0.29. The business had revenue of $652.50 million during the quarter, compared to analysts’ expectations of $626.56 million. Aspen Insurance had a negative return on equity of 5.68% and a negative net margin of 6.00%. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.97 EPS. analysts predict that Aspen Insurance Holdings Limited will post -3.2 EPS for the current fiscal year.
In other Aspen Insurance news, CEO Stephen Postlewhite sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $41.62, for a total transaction of $49,944.00. Following the completion of the sale, the chief executive officer now owns 39,321 shares of the company’s stock, valued at $1,636,540.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.34% of the stock is owned by corporate insiders.
Aspen Insurance Company Profile
Aspen Insurance Holdings Limited is a holding company. The Company underwrites specialty insurance and reinsurance on a global basis. It manages its business as two business segments: Aspen Insurance and Aspen Reinsurance (Aspen Re). The reinsurance segment consists of property catastrophe reinsurance (including the business written through Aspen Capital Markets), other property reinsurance (risk excess, pro rata and facultative), casualty reinsurance (U.S.
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