Aspen Insurance Holdings Limited (AHL) Shares Down 5.9% on Disappointing Earnings

Aspen Insurance Holdings Limited (NYSE:AHL) shares dropped 5.9% during trading on Thursday after the company announced weaker than expected quarterly earnings. The company traded as low as $47.55 and last traded at $48.00, with a volume of 1,047,707 shares traded. The stock had previously closed at $51.00.

The insurance provider reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by $0.54. The firm had revenue of $562 million for the quarter, compared to analysts’ expectations of $639.57 million. Aspen Insurance Holdings Limited had a return on equity of 3.84% and a net margin of 7.66%. The company’s quarterly revenue was down 17.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.40 EPS.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Monday, August 14th will be paid a dividend of $0.24 per share. The ex-dividend date is Thursday, August 10th. This represents a $0.96 dividend on an annualized basis and a yield of 1.98%. Aspen Insurance Holdings Limited’s dividend payout ratio is presently 39.67%.

Several research analysts have weighed in on AHL shares. Zacks Investment Research downgraded Aspen Insurance Holdings Limited from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Barclays PLC lowered their target price on Aspen Insurance Holdings Limited from $54.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 27th. BidaskClub upgraded Aspen Insurance Holdings Limited from a “strong sell” rating to a “sell” rating in a research note on Friday, July 7th. Deutsche Bank AG lifted their target price on Aspen Insurance Holdings Limited from $53.00 to $55.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Finally, UBS AG restated a “neutral” rating and issued a $52.00 price target (down from $54.00) on shares of Aspen Insurance Holdings Limited in a research note on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $54.50.

A number of institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Aspen Insurance Holdings Limited by 13.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,439 shares of the insurance provider’s stock valued at $122,000 after buying an additional 284 shares in the last quarter. TLP Group LLC purchased a new position in shares of Aspen Insurance Holdings Limited during the first quarter valued at about $187,000. Credit Agricole S A boosted its position in shares of Aspen Insurance Holdings Limited by 155.6% in the first quarter. Credit Agricole S A now owns 4,307 shares of the insurance provider’s stock valued at $224,000 after buying an additional 2,622 shares in the last quarter. LS Investment Advisors LLC boosted its position in shares of Aspen Insurance Holdings Limited by 20.7% in the second quarter. LS Investment Advisors LLC now owns 4,753 shares of the insurance provider’s stock valued at $237,000 after buying an additional 814 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its position in shares of Aspen Insurance Holdings Limited by 0.6% in the second quarter. Teacher Retirement System of Texas now owns 4,790 shares of the insurance provider’s stock valued at $239,000 after buying an additional 29 shares in the last quarter. 90.65% of the stock is owned by hedge funds and other institutional investors.

The stock has a 50-day moving average of $50.30 and a 200 day moving average of $52.47. The stock has a market capitalization of $2.91 billion, a PE ratio of 19.85 and a beta of 0.72.

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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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