Legal & General Group Plc grew its position in Aspen Insurance Holdings Limited (NYSE:AHL) by 7.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 89,048 shares of the insurance provider’s stock after buying an additional 5,831 shares during the period. Legal & General Group Plc owned approximately 0.15% of Aspen Insurance worth $3,599,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in AHL. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Aspen Insurance by 13.2% during the 2nd 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 bought a new stake in Aspen Insurance during the 2nd quarter worth about $201,000. TLP Group LLC lifted its position in Aspen Insurance by 13.7% during the 2nd 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 stake in Aspen Insurance during the 3rd quarter worth about $204,000. Finally, PNC Financial Services Group Inc. lifted its position in Aspen Insurance by 17.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,340 shares of the insurance provider’s stock worth $216,000 after buying an additional 659 shares in the last quarter. 92.64% of the stock is owned by institutional investors.
Aspen Insurance Holdings Limited (NYSE:AHL) opened at $40.50 on Friday. The firm has a market cap of $2,410.00, a PE ratio of -11.71 and a beta of 0.73. 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 fifty-two week low of $35.05 and a fifty-two week high of $57.80.
The firm also recently announced 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 dividend yield of 2.37%. Aspen Insurance’s payout ratio is presently -27.75%.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Aspen Insurance from a “strong sell” rating to a “hold” rating in a report on Monday, October 30th. Barclays dropped their target price on shares of Aspen Insurance from $49.00 to $43.00 and set an “equal weight” rating on the stock in a report on Monday, October 16th. ValuEngine cut shares of Aspen Insurance from a “hold” rating to a “sell” rating in a report on Friday, October 13th. Buckingham Research upped their target price on shares of Aspen Insurance from $44.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, October 5th. Finally, UBS Group lowered their price target on shares of Aspen Insurance from $45.00 to $43.00 and set a “neutral” rating on the stock in a report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $46.75.
In other Aspen Insurance news, CEO Stephen Postlewhite sold 1,200 shares of the stock in a transaction that occurred 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 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 document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.34% of the company’s stock.
Aspen Insurance 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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