Principal Financial Group Inc. decreased its stake in Aspen Insurance Holdings Limited (NYSE:AHL) by 3.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 248,254 shares of the insurance provider’s stock after selling 10,147 shares during the period. Principal Financial Group Inc. owned 0.41% of Aspen Insurance worth $10,029,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Aspen Insurance by 13.2% in the 2nd 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 in the last quarter. Susquehanna International Group LLP acquired a new position in shares of Aspen Insurance in the 2nd quarter valued at $201,000. TLP Group LLC boosted its holdings in shares of Aspen Insurance by 13.7% in the 2nd quarter. TLP Group LLC now owns 4,094 shares of the insurance provider’s stock valued at $204,000 after buying an additional 494 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Aspen Insurance by 17.9% in the 2nd 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 in the last quarter. Finally, OxFORD Asset Management LLP purchased a new stake in Aspen Insurance in the 2nd quarter valued at $233,000. Institutional investors and hedge funds own 92.70% of the company’s stock.
Several analysts recently commented on the stock. Buckingham Research assumed coverage on shares of Aspen Insurance in a research report on Monday, September 11th. They issued a “buy” rating and a $44.00 price target for the company. Zacks Investment Research upgraded shares of Aspen Insurance from a “strong sell” rating to a “hold” rating in a research report on Monday, October 30th. Barclays reduced their price target on shares of Aspen Insurance from $49.00 to $43.00 and set an “equal weight” rating for the company in a research report on Monday, October 16th. ValuEngine downgraded shares of Aspen Insurance from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. Finally, UBS reduced their price target on shares of Aspen Insurance from $45.00 to $43.00 and set a “neutral” rating for the company in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $46.75.
Aspen Insurance (NYSE:AHL) last released its quarterly earnings results on Wednesday, October 25th. The insurance provider reported ($4.78) EPS for the quarter, beating the consensus estimate of ($5.07) by $0.29. Aspen Insurance had a negative net margin of 6.00% and a negative return on equity of 5.68%. The firm had revenue of $652.50 million during the quarter, compared to the consensus estimate of $626.56 million. During the same quarter in the prior year, the firm earned $0.97 EPS. Aspen Insurance’s revenue for the quarter was down 4.2% on a year-over-year basis. equities research analysts expect that Aspen Insurance Holdings Limited will post -3.2 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Shareholders of record on Friday, November 10th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $0.96 dividend on an annualized basis and a yield of 2.34%. Aspen Insurance’s payout ratio is currently -27.75%.
In other Aspen Insurance news, CEO Stephen Postlewhite sold 1,200 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $41.62, for a total transaction of $49,944.00. Following the completion of the transaction, the chief executive officer now owns 39,321 shares in the company, valued at approximately $1,636,540.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.34% of the stock is currently owned by corporate insiders.
Aspen Insurance 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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