Aspen Insurance Holdings Limited (AHL) Given New $45.00 Price Target at UBS AG

Aspen Insurance Holdings Limited (NYSE:AHL) had its price objective cut by UBS AG from $52.00 to $45.00 in a research note issued to investors on Tuesday morning, www.benzinga.com reports. They currently have a neutral rating on the insurance provider’s stock.

A number of other research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Aspen Insurance Holdings Limited from a hold rating to a sell rating in a research note on Monday, July 17th. BidaskClub cut shares of Aspen Insurance Holdings Limited from a sell rating to a strong sell rating in a research note on Wednesday, July 19th. TheStreet cut shares of Aspen Insurance Holdings Limited from a b rating to a c rating in a research note on Thursday, July 27th. Buckingham Research initiated coverage on shares of Aspen Insurance Holdings Limited in a research note on Monday, September 11th. They set a buy rating and a $44.00 price objective for the company. Finally, Barclays PLC dropped their price objective on shares of Aspen Insurance Holdings Limited from $54.00 to $49.00 and set an equal weight rating for the company in a research note on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Aspen Insurance Holdings Limited presently has an average rating of Hold and an average price target of $51.00.

Aspen Insurance Holdings Limited (NYSE AHL) opened at 40.95 on Tuesday. The firm has a market capitalization of $2.45 billion, a PE ratio of 16.74 and a beta of 0.73. The stock’s 50 day moving average price is $45.06 and its 200 day moving average price is $49.73. Aspen Insurance Holdings Limited has a one year low of $35.05 and a one year high of $57.80.

Aspen Insurance Holdings Limited (NYSE:AHL) last issued its earnings results 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). Aspen Insurance Holdings Limited had a net margin of 7.66% and a return on equity of 3.84%. The company had revenue of $562.00 million during the quarter, compared to analysts’ expectations of $639.57 million. During the same period last year, the business posted $0.40 earnings per share. The company’s quarterly revenue was down 17.5% on a year-over-year basis. Analysts expect that Aspen Insurance Holdings Limited will post $0.21 EPS for the current year.

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The company also recently announced a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Monday, August 14th were paid a $0.24 dividend. The ex-dividend date was Thursday, August 10th. This represents a $0.96 annualized dividend and a yield of 2.34%. Aspen Insurance Holdings Limited’s payout ratio is currently 39.67%.

A number of hedge funds have recently added to or reduced their stakes in AHL. Suntrust Banks Inc. boosted its holdings in shares of Aspen Insurance Holdings Limited by 3.5% in the 1st quarter. Suntrust Banks Inc. now owns 7,347 shares of the insurance provider’s stock valued at $381,000 after purchasing an additional 246 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Aspen Insurance Holdings Limited by 0.7% in the 1st quarter. Swiss National Bank now owns 99,200 shares of the insurance provider’s stock valued at $5,163,000 after purchasing an additional 700 shares during the last quarter. UBS Asset Management Americas Inc. boosted its holdings in shares of Aspen Insurance Holdings Limited by 10.0% in the 1st quarter. UBS Asset Management Americas Inc. now owns 52,189 shares of the insurance provider’s stock valued at $2,716,000 after purchasing an additional 4,734 shares during the last quarter. Engineers Gate Manager LP acquired a new position in shares of Aspen Insurance Holdings Limited in the 1st quarter valued at $297,000. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of Aspen Insurance Holdings Limited by 8.7% in the 1st quarter. Parametric Portfolio Associates LLC now owns 140,779 shares of the insurance provider’s stock valued at $7,328,000 after purchasing an additional 11,304 shares during the last quarter. 91.91% of the stock is owned by hedge funds and other institutional investors.

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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