Aspen Insurance Holdings Limited (NYSE:AHL) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, October 30th.
According to Zacks, “Aspen Insurance Holdings is a Bermudian holding company that provides property and casualty reinsurance in the global market, property and liability insurance principally in the United Kingdom and surplus lines insurance in the United States. Aspen’s operations are conducted through its wholly-owned subsidiaries located in London, Bermuda and the United States: Aspen Insurance UK Limited, Aspen Insurance Limited and Aspen Specialty Insurance Company. “
Several other equities analysts have also weighed in on AHL. BidaskClub raised Aspen Insurance Holdings Limited from a “strong sell” rating to a “sell” rating in a research note on Friday, July 7th. Barclays PLC lowered their price target on Aspen Insurance Holdings Limited from $54.00 to $49.00 and set an “equal weight” rating for the company in a report on Thursday, July 27th. TheStreet downgraded Aspen Insurance Holdings Limited from a “b” rating to a “c” rating in a report on Thursday, July 27th. 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 report on Tuesday, August 1st. Finally, Buckingham Research started coverage on Aspen Insurance Holdings Limited in a report on Monday, September 11th. They set a “buy” rating and a $44.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $46.75.
Shares of Aspen Insurance Holdings Limited (NYSE AHL) opened at $42.15 on Monday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.21. Aspen Insurance Holdings Limited has a 1 year low of $35.05 and a 1 year high of $57.80.
Aspen Insurance Holdings Limited (NYSE:AHL) last posted its quarterly earnings data on Wednesday, October 25th. The insurance provider reported ($4.78) EPS for the quarter, topping analysts’ consensus estimates of ($5.07) by $0.29. Aspen Insurance Holdings Limited had a negative return on equity of 5.68% and a negative net margin of 6.00%. The company had revenue of $652.50 million for the quarter, compared to analyst estimates of $626.56 million. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The business’s revenue was down 4.2% on a year-over-year basis. equities research analysts anticipate that Aspen Insurance Holdings Limited will post -2.6 EPS for the current year.
TRADEMARK VIOLATION NOTICE: “Aspen Insurance Holdings Limited (NYSE:AHL) Lifted to “Hold” at Zacks Investment Research” was published by BBNS and is the property of of BBNS. If you are reading this piece on another domain, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The legal version of this piece can be read at https://baseballnewssource.com/markets/aspen-insurance-holdings-limited-ahl-upgraded-at-zacks-investment-research/1744298.html.
Large investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Aspen Insurance Holdings Limited by 13.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,439 shares of the insurance provider’s stock worth $122,000 after purchasing an additional 284 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in Aspen Insurance Holdings Limited during the 2nd quarter worth approximately $201,000. TLP Group LLC lifted its holdings in Aspen Insurance Holdings Limited by 13.7% during the 2nd quarter. TLP Group LLC now owns 4,094 shares of the insurance provider’s stock worth $204,000 after purchasing an additional 494 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in Aspen Insurance Holdings Limited during the 3rd quarter worth approximately $204,000. Finally, PNC Financial Services Group Inc. increased its stake in Aspen Insurance Holdings Limited by 17.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,340 shares of the insurance provider’s stock worth $216,000 after acquiring an additional 659 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.
Aspen Insurance Holdings Limited 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Aspen Insurance Holdings Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aspen Insurance Holdings Limited and related companies with our FREE daily email newsletter.