Aspen Insurance Holdings Limited (AHL) Now Covered by Buckingham Research

Buckingham Research initiated coverage on shares of Aspen Insurance Holdings Limited (NYSE:AHL) in a research report report published on Monday, September 11th, Marketbeat Ratings reports. The brokerage issued a buy rating and a $44.00 price objective on the insurance provider’s stock.

A number of other brokerages have also recently issued reports on AHL. BidaskClub raised Aspen Insurance Holdings Limited from a strong sell rating to a sell rating in a report on Friday, July 7th. Zacks Investment Research lowered Aspen Insurance Holdings Limited from a hold rating to a sell rating in a research note on Monday, July 17th. UBS AG restated a neutral rating and issued a $52.00 target price (down from $54.00) on shares of Aspen Insurance Holdings Limited in a research note on Tuesday, August 1st. TheStreet lowered Aspen Insurance Holdings Limited from a b rating to a c rating in a research report on Thursday, July 27th. Finally, Barclays PLC lowered their price objective on Aspen Insurance Holdings Limited from $54.00 to $49.00 and set an equal weight rating for the company in a research report on Thursday, July 27th. Two 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 a consensus rating of Hold and a consensus price target of $51.00.

Shares of Aspen Insurance Holdings Limited (NYSE AHL) opened at 41.50 on Monday. The company’s 50-day moving average is $45.06 and its 200 day moving average is $49.73. Aspen Insurance Holdings Limited has a 52 week low of $35.05 and a 52 week high of $57.80. The stock has a market cap of $2.48 billion, a PE ratio of 16.97 and a beta of 0.73.

Aspen Insurance Holdings Limited (NYSE:AHL) last issued its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $0.47 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.01 by ($0.54). The company had revenue of $562.00 million for the quarter, compared to the consensus estimate of $639.57 million. Aspen Insurance Holdings Limited had a net margin of 7.66% and a return on equity of 3.84%. The firm’s revenue was down 17.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.40 earnings per share. Analysts forecast that Aspen Insurance Holdings Limited will post $0.21 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders of record on Monday, August 14th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Thursday, August 10th. Aspen Insurance Holdings Limited’s dividend payout ratio (DPR) is presently 39.67%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA lifted its stake in Aspen Insurance Holdings Limited by 49.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 23,004 shares of the insurance provider’s stock valued at $1,147,000 after acquiring an additional 7,590 shares in the last quarter. Systematic Financial Management LP lifted its stake in Aspen Insurance Holdings Limited by 16.4% in the 2nd quarter. Systematic Financial Management LP now owns 378,311 shares of the insurance provider’s stock valued at $18,859,000 after acquiring an additional 53,395 shares in the last quarter. Geneva Advisors LLC bought a new stake in Aspen Insurance Holdings Limited in the 2nd quarter valued at approximately $499,000. Nuance Investments LLC increased its position in shares of Aspen Insurance Holdings Limited by 12.9% during the 2nd quarter. Nuance Investments LLC now owns 59,235 shares of the insurance provider’s stock worth $2,953,000 after purchasing an additional 6,746 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in shares of Aspen Insurance Holdings Limited by 10.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 52,189 shares of the insurance provider’s stock worth $2,716,000 after purchasing an additional 4,734 shares during the last quarter. Hedge funds and other institutional investors own 91.91% of the company’s stock.

About Aspen Insurance Holdings Limited

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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