Aspen Insurance Holdings Limited (NYSE:AHL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Monday, July 17th.
According to Zacks, “Aspen Insurance Holdings is a Bermudian holding company that provides property and casualty reinsurance in the global market, property and liability insurance principally in the United Kingdom and surplus lines insurance in the United States. Aspen’s operations are conducted through its wholly-owned subsidiaries located in London, Bermuda and the United States: Aspen Insurance UK Limited, Aspen Insurance Limited and Aspen Specialty Insurance Company. “
Several other analysts also recently weighed in on AHL. BidaskClub upgraded Aspen Insurance Holdings Limited from a “strong sell” rating to a “sell” rating in a research report on Friday, July 7th. Deutsche Bank AG boosted their price objective on Aspen Insurance Holdings Limited from $53.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $54.50.
Shares of Aspen Insurance Holdings Limited (NYSE AHL) opened at 47.70 on Monday. The firm has a 50-day moving average of $49.95 and a 200-day moving average of $52.18. The company has a market capitalization of $2.85 billion, a P/E ratio of 19.50 and a beta of 0.72. Aspen Insurance Holdings Limited has a one year low of $44.05 and a one year high of $57.80.
Aspen Insurance Holdings Limited (NYSE:AHL) last announced its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $0.47 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by $0.54. Aspen Insurance Holdings Limited had a net margin of 7.66% and a return on equity of 3.84%. The company had revenue of $562 million during the quarter, compared to the consensus estimate of $639.57 million. During the same quarter in the previous year, the firm posted $0.40 EPS. The business’s revenue for the quarter was down 17.5% compared to the same quarter last year. Equities research analysts expect that Aspen Insurance Holdings Limited will post $3.02 EPS for the current fiscal year.
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A number of large investors have recently modified their holdings of AHL. Envestnet Asset Management Inc. boosted its stake in shares of Aspen Insurance Holdings Limited by 5.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,833 shares of the insurance provider’s stock valued at $212,000 after buying an additional 195 shares during the last quarter. Norges Bank purchased a new stake in shares of Aspen Insurance Holdings Limited during the fourth quarter valued at $40,779,000. Teachers Advisors LLC boosted its stake in shares of Aspen Insurance Holdings Limited by 12.7% in the fourth quarter. Teachers Advisors LLC now owns 496,571 shares of the insurance provider’s stock valued at $27,311,000 after buying an additional 56,053 shares during the last quarter. Highbridge Capital Management LLC boosted its stake in shares of Aspen Insurance Holdings Limited by 39.1% in the fourth quarter. Highbridge Capital Management LLC now owns 97,000 shares of the insurance provider’s stock valued at $5,335,000 after buying an additional 27,273 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its stake in Aspen Insurance Holdings Limited by 3.7% in the first quarter. Capstone Asset Management Co. now owns 8,159 shares of the insurance provider’s stock worth $425,000 after buying an additional 290 shares in the last quarter. 90.65% of the stock is currently owned by institutional investors.
About Aspen Insurance Holdings Limited
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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