Aspen Insurance Holdings Limited’s (AHL) Neutral Rating Reiterated at UBS AG

Aspen Insurance Holdings Limited (NYSE:AHL)‘s stock had its “neutral” rating reiterated by stock analysts at UBS AG in a report issued on Tuesday, August 1st, www.flashratings.com reports. They currently have a $52.00 target price on the insurance provider’s stock, down from their previous target price of $54.00. UBS AG’s price objective would indicate a potential upside of 9.01% from the stock’s previous close.

Several other research firms have also commented on AHL. Barclays PLC reduced their price target 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 report on Thursday, July 27th. BidaskClub lowered shares of Aspen Insurance Holdings Limited from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded Aspen Insurance Holdings Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. TheStreet downgraded Aspen Insurance Holdings Limited from a “b” rating to a “c” rating in a research note on Thursday, July 27th. Finally, Deutsche Bank AG boosted their price objective 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. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Aspen Insurance Holdings Limited has a consensus rating of “Hold” and an average target price of $54.50.

Shares of Aspen Insurance Holdings Limited (NYSE AHL) traded up 0.32% during trading on Tuesday, reaching $47.70. 438,489 shares of the company’s stock were exchanged. Aspen Insurance Holdings Limited has a 12 month low of $44.05 and a 12 month high of $57.80. The stock has a 50-day moving average price of $50.02 and a 200 day moving average price of $52.24. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 19.50 and a beta of 0.72.

Aspen Insurance Holdings Limited (NYSE:AHL) last released its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $0.47 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $562 million for the quarter, compared to analysts’ expectations of $639.57 million. During the same period in the previous year, the company earned $0.40 EPS. Aspen Insurance Holdings Limited’s revenue for the quarter was down 17.5% compared to the same quarter last year. On average, analysts forecast that Aspen Insurance Holdings Limited will post $3.02 EPS for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in AHL. Zurcher Kantonalbank Zurich Cantonalbank increased its position in 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 during the last quarter. TLP Group LLC purchased a new position in Aspen Insurance Holdings Limited during the first quarter worth approximately $187,000. Credit Agricole S A increased its position in 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 worth $224,000 after buying an additional 2,622 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in 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 buying an additional 659 shares during the last quarter. Finally, OxFORD Asset Management LLP bought a new stake in Aspen Insurance Holdings Limited during the second quarter valued at $233,000. Institutional investors own 90.65% 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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