Aspen Insurance (AHL) Announces Quarterly Earnings Results

Aspen Insurance (NYSE:AHL) posted its earnings results on Wednesday. The insurance provider reported ($3.14) earnings per share for the quarter, beating the consensus estimate of ($3.46) by $0.32, reports. The company had revenue of $511.00 million for the quarter, compared to analyst estimates of $592.27 million. Aspen Insurance had a negative net margin of 6.00% and a negative return on equity of 5.68%. Aspen Insurance’s revenue was down 16.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.34) EPS.

Aspen Insurance (NYSE AHL) opened at $36.67 on Friday. 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 has a fifty-two week low of $35.05 and a fifty-two week high of $57.55. The company has a market cap of $2,215.89, a P/E ratio of -10.69 and a beta of 0.59.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Friday, February 23rd will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.96 annualized dividend and a dividend yield of 2.62%. Aspen Insurance’s dividend payout ratio is currently -27.75%.

In other news, CEO Stephen Postlewhite sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $41.62, for a total value of $49,944.00. Following the transaction, the chief executive officer now directly 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 this hyperlink. Corporate insiders own 1.34% of the company’s stock.

AHL has been the topic of several recent analyst reports. ValuEngine lowered shares of Aspen Insurance from a “hold” rating to a “sell” rating in a report on Friday, October 13th. Barclays decreased 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. Zacks Investment Research upgraded shares of Aspen Insurance from a “strong sell” rating to a “hold” rating in a report on Monday, October 30th. Finally, UBS Group decreased their target price on shares of Aspen Insurance from $43.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday, January 26th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $45.75.

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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.

Earnings History for Aspen Insurance (NYSE:AHL)

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