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. “
A number of other brokerages have also recently commented 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. UBS AG reaffirmed a “neutral” rating and set a $52.00 price objective (down from $54.00) on shares of Aspen Insurance Holdings Limited in a research note on Tuesday, August 1st. TheStreet cut Aspen Insurance Holdings Limited from a “b” rating to a “c” rating in a research note on Thursday, July 27th. Barclays PLC decreased their target price on 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. Finally, ValuEngine cut Aspen Insurance Holdings Limited from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Aspen Insurance Holdings Limited currently has an average rating of “Hold” and an average target price of $46.75.
Shares of Aspen Insurance Holdings Limited (NYSE AHL) traded up $0.10 during trading on Monday, hitting $41.00. The company had a trading volume of 666,658 shares, compared to its average volume of 613,613. 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 twelve month low of $35.05 and a twelve month high of $57.80.
Aspen Insurance Holdings Limited (NYSE:AHL) last announced 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 business had revenue of $652.50 million during the quarter, compared to analysts’ expectations of $626.56 million. During the same period in the previous year, the firm earned $0.97 earnings per share. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. equities research analysts anticipate that Aspen Insurance Holdings Limited will post -2.6 earnings per share for the current fiscal year.
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In other Aspen Insurance Holdings Limited news, CEO Stephen Postlewhite sold 1,200 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $41.62, for a total value of $49,944.00. Following the completion of the transaction, the chief executive officer now directly owns 39,321 shares of the company’s stock, valued at $1,636,540.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.34% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings 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 purchasing an additional 284 shares in the last quarter. Susquehanna International Group LLP bought a new stake in shares of Aspen Insurance Holdings Limited in the second quarter valued at about $201,000. TLP Group LLC lifted its holdings in shares of Aspen Insurance Holdings Limited by 13.7% in the second quarter. TLP Group LLC now owns 4,094 shares of the insurance provider’s stock valued at $204,000 after purchasing an additional 494 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new stake in shares of Aspen Insurance Holdings Limited in the third quarter valued at about $204,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Aspen Insurance Holdings Limited by 17.9% in the second quarter. PNC Financial Services Group Inc. now owns 4,340 shares of the insurance provider’s stock valued at $216,000 after purchasing an additional 659 shares in the last quarter. Institutional investors own 95.44% of the company’s stock.
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.
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