Texas Permanent School Fund decreased its position in Aspen Insurance Holdings Limited (NYSE:AHL) by 8.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,157 shares of the insurance provider’s stock after selling 3,532 shares during the period. Texas Permanent School Fund’s holdings in Aspen Insurance were worth $1,630,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of AHL. State of Alaska Department of Revenue purchased a new position in Aspen Insurance in the fourth quarter valued at approximately $174,000. Susquehanna International Group LLP purchased a new position in Aspen Insurance in the second quarter valued at approximately $201,000. Quantitative Systematic Strategies LLC purchased a new position in Aspen Insurance in the third quarter valued at approximately $204,000. CHICAGO TRUST Co NA purchased a new position in Aspen Insurance in the fourth quarter valued at approximately $204,000. Finally, PNC Financial Services Group Inc. lifted its stake in Aspen Insurance 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 purchasing an additional 659 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.
Several research firms recently commented on AHL. Zacks Investment Research downgraded Aspen Insurance from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 27th. ValuEngine downgraded Aspen Insurance from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Barclays dropped their price objective on Aspen Insurance from $49.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Monday, October 16th. Finally, UBS Group dropped their price objective on Aspen Insurance from $43.00 to $42.00 and set a “neutral” rating on the stock in a research note on Friday, January 26th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Aspen Insurance currently has a consensus rating of “Hold” and a consensus target price of $45.75.
Shares of Aspen Insurance Holdings Limited (NYSE:AHL) opened at $36.75 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.53 and a debt-to-equity ratio of 0.20. Aspen Insurance Holdings Limited has a 1-year low of $35.05 and a 1-year high of $57.55.
Aspen Insurance (NYSE:AHL) last issued its earnings results on Wednesday, February 7th. The insurance provider reported ($3.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($3.46) by $0.32. Aspen Insurance had a negative net margin of 10.80% and a negative return on equity of 11.61%. The business had revenue of $511.00 million for the quarter, compared to analysts’ expectations of $592.27 million. During the same quarter in the previous year, the firm posted ($0.34) EPS. The business’s revenue for the quarter was down 16.6% compared to the same quarter last year. analysts expect that Aspen Insurance Holdings Limited will post 3.65 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Friday, February 23rd will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.96 dividend on an annualized basis and a yield of 2.61%. Aspen Insurance’s payout ratio is -18.11%.
WARNING: This story was originally posted by Community Financial News and is the property of of Community Financial News. If you are reading this story on another site, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.com-unik.info/2018/02/10/aspen-insurance-holdings-limited-ahl-shares-sold-by-texas-permanent-school-fund.html.
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.
Want to see what other hedge funds are holding AHL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aspen Insurance Holdings Limited (NYSE:AHL).
Receive News & Ratings for Aspen Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aspen Insurance and related companies with MarketBeat.com's FREE daily email newsletter.