Aspen Insurance Holdings Limited (NYSE:AHL) Stake Cut by NGAM Advisors L.P.

NGAM Advisors L.P. decreased its stake in Aspen Insurance Holdings Limited (NYSE:AHL) by 34.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,067 shares of the insurance provider’s stock after selling 39,791 shares during the period. NGAM Advisors L.P. owned approximately 0.13% of Aspen Insurance Holdings Limited worth $3,792,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its position in Aspen Insurance Holdings Limited by 6,809.4% in the first quarter. BlackRock Inc. now owns 4,955,473 shares of the insurance provider’s stock valued at $257,934,000 after buying an additional 4,883,752 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Aspen Insurance Holdings Limited during the first quarter valued at $16,838,000. Citadel Advisors LLC increased its position in Aspen Insurance Holdings Limited by 27.9% in the first quarter. Citadel Advisors LLC now owns 704,190 shares of the insurance provider’s stock valued at $36,653,000 after buying an additional 153,590 shares during the last quarter. Morgan Stanley increased its position in Aspen Insurance Holdings Limited by 100.5% in the first quarter. Morgan Stanley now owns 278,486 shares of the insurance provider’s stock valued at $14,496,000 after buying an additional 139,614 shares during the last quarter. Finally, State Street Corp increased its position in Aspen Insurance Holdings Limited by 5.7% in the first quarter. State Street Corp now owns 1,913,208 shares of the insurance provider’s stock valued at $99,582,000 after buying an additional 103,520 shares during the last quarter. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Shares of Aspen Insurance Holdings Limited (NYSE AHL) traded up 0.54% during mid-day trading on Friday, hitting $46.75. 321,642 shares of the stock traded hands. Aspen Insurance Holdings Limited has a 1-year low of $44.05 and a 1-year high of $57.80. The company has a market capitalization of $2.80 billion, a PE ratio of 19.11 and a beta of 0.72. The company’s 50-day moving average price is $49.53 and its 200 day moving average price is $51.82.

Aspen Insurance Holdings Limited (NYSE:AHL) last announced its quarterly 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 return on equity of 3.84% and a net margin of 7.66%. The firm had revenue of $562 million during the quarter, compared to the consensus estimate of $639.57 million. During the same quarter in the previous year, the firm earned $0.40 EPS. The business’s revenue for the quarter was down 17.5% on a year-over-year basis. Equities research analysts forecast that Aspen Insurance Holdings Limited will post $3.02 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Monday, August 14th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, August 10th. Aspen Insurance Holdings Limited’s dividend payout ratio (DPR) is 39.67%.

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Several research analysts have weighed in on AHL shares. Deutsche Bank AG upped their price objective on shares of Aspen Insurance Holdings Limited from $53.00 to $55.00 and gave the stock a “hold” rating in a report on Friday, April 28th. BidaskClub downgraded shares of Aspen Insurance Holdings Limited from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th. Zacks Investment Research downgraded shares of Aspen Insurance Holdings Limited from a “hold” rating to a “sell” rating in a report on Monday, July 17th. TheStreet downgraded shares of Aspen Insurance Holdings Limited from a “b” rating to a “c” rating in a report on Thursday, July 27th. Finally, UBS AG reiterated a “neutral” rating and issued a $52.00 target price (down previously from $54.00) on shares of Aspen Insurance Holdings Limited in a report on Tuesday, August 1st. Two 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 currently has an average rating of “Hold” and a consensus target price of $54.50.

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.

Institutional Ownership by Quarter for Aspen Insurance Holdings Limited (NYSE:AHL)

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