Aspen Insurance Holdings Limited (NYSE:AHL) has been assigned a consensus rating of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $46.75.
AHL has been the topic of several recent research reports. Zacks Investment Research downgraded Aspen Insurance Holdings Limited from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. UBS AG lowered their price objective on Aspen Insurance Holdings Limited from $52.00 to $45.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 19th. Barclays PLC lowered their price objective on Aspen Insurance Holdings Limited from $49.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Monday, October 16th. ValuEngine downgraded Aspen Insurance Holdings Limited from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. Finally, Buckingham Research increased their price objective on Aspen Insurance Holdings Limited from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, October 5th.
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Several hedge funds have recently modified their holdings of AHL. Zurcher Kantonalbank Zurich Cantonalbank raised 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 worth $122,000 after buying an additional 284 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Aspen Insurance Holdings Limited in the second quarter worth $201,000. TLP Group LLC raised its position 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 worth $204,000 after buying an additional 494 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new position in Aspen Insurance Holdings Limited in the third quarter valued at $204,000. Finally, PNC Financial Services Group Inc. increased 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 acquiring an additional 659 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.
Shares of Aspen Insurance Holdings Limited (AHL) opened at $41.60 on Monday. Aspen Insurance Holdings Limited has a 12-month low of $35.05 and a 12-month high of $57.80. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.21.
Aspen Insurance Holdings Limited (NYSE:AHL) last posted its earnings results on Wednesday, October 25th. The insurance provider reported ($4.78) earnings per share (EPS) for the quarter, topping the consensus estimate of ($5.07) by $0.29. The firm had revenue of $652.50 million for the quarter, compared to the consensus estimate of $626.56 million. Aspen Insurance Holdings Limited had a negative return on equity of 5.68% and a negative net margin of 6.00%. The business’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.97 earnings per share. sell-side analysts predict that Aspen Insurance Holdings Limited will post -2.6 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Friday, November 10th will be given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.31%. Aspen Insurance Holdings Limited’s dividend payout ratio (DPR) is presently -27.75%.
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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