Brokerages Set Aspen Insurance Holdings Limited (AHL) Price Target at $45.75

Shares of Aspen Insurance Holdings Limited (NYSE:AHL) have been given an average rating of “Hold” by the eight analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $45.75.

Several research firms have recently commented on AHL. ValuEngine raised Aspen Insurance from a “sell” rating to a “hold” rating in a research note on Monday, April 2nd. Zacks Investment Research raised Aspen Insurance from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 28th. UBS decreased their price objective on Aspen Insurance from $43.00 to $42.00 and set a “neutral” rating for the company in a research note on Friday, January 26th. Finally, Barclays decreased their price objective on Aspen Insurance from $43.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, January 26th.

Several institutional investors have recently made changes to their positions in AHL. Ameriprise Financial Inc. grew its stake in shares of Aspen Insurance by 55.4% during the third quarter. Ameriprise Financial Inc. now owns 558,411 shares of the insurance provider’s stock worth $22,560,000 after purchasing an additional 199,021 shares during the period. Legal & General Group Plc grew its stake in shares of Aspen Insurance by 7.0% during the third quarter. Legal & General Group Plc now owns 89,048 shares of the insurance provider’s stock worth $3,599,000 after purchasing an additional 5,831 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Aspen Insurance by 23.3% during the third quarter. JPMorgan Chase & Co. now owns 822,498 shares of the insurance provider’s stock worth $32,653,000 after purchasing an additional 155,675 shares during the period. Wells Fargo & Company MN grew its stake in shares of Aspen Insurance by 72.8% during the third quarter. Wells Fargo & Company MN now owns 973,736 shares of the insurance provider’s stock worth $39,339,000 after purchasing an additional 410,223 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Aspen Insurance by 7.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 359,945 shares of the insurance provider’s stock worth $14,542,000 after purchasing an additional 25,073 shares during the period. 98.12% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE AHL traded down $0.60 during midday trading on Thursday, hitting $44.10. The stock had a trading volume of 1,373,025 shares, compared to its average volume of 935,026. The stock has a market capitalization of $2,622.80, a P/E ratio of -6.69 and a beta of 0.36. Aspen Insurance has a fifty-two week low of $34.80 and a fifty-two week high of $54.10. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.70 and a current ratio of 0.70.

Aspen Insurance (NYSE:AHL) last released its earnings results on Wednesday, February 7th. The insurance provider reported ($3.14) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($3.46) by $0.32. The company had revenue of $511.00 million during the quarter, compared to analysts’ expectations of $592.27 million. Aspen Insurance had a negative return on equity of 11.61% and a negative net margin of 10.80%. The business’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same period last year, the firm earned ($0.34) EPS. equities research analysts forecast that Aspen Insurance will post 3.7 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Friday, February 23rd were paid a dividend of $0.24 per share. The ex-dividend date was Thursday, February 22nd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.18%. Aspen Insurance’s dividend payout ratio (DPR) is presently -14.57%.

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About Aspen Insurance

Aspen Insurance Holdings Limited, through its subsidiaries, engages in insurance and reinsurance businesses in the United States and internationally. The company's Aspen Insurance segment offers property and casualty insurance products, including U.S. and U.K. commercial property, commercial liability, U.S.

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