Dimensional Fund Advisors LP lifted its stake in shares of Aspen Insurance Holdings Limited (NYSE:AHL) by 0.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,047,317 shares of the insurance provider’s stock after acquiring an additional 14,840 shares during the period. Dimensional Fund Advisors LP owned 8.50% of Aspen Insurance worth $203,910,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its position in Aspen Insurance by 49.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 23,004 shares of the insurance provider’s stock worth $1,147,000 after purchasing an additional 7,590 shares in the last quarter. Systematic Financial Management LP increased its position in Aspen Insurance by 16.4% during the 2nd quarter. Systematic Financial Management LP now owns 378,311 shares of the insurance provider’s stock worth $18,859,000 after purchasing an additional 53,395 shares in the last quarter. Nuance Investments LLC increased its position in Aspen Insurance by 12.9% during the 2nd quarter. Nuance Investments LLC now owns 59,235 shares of the insurance provider’s stock worth $2,953,000 after purchasing an additional 6,746 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in Aspen Insurance during the 2nd quarter worth approximately $2,677,000. Finally, Geneva Advisors LLC acquired a new stake in Aspen Insurance during the 2nd quarter worth approximately $499,000. Institutional investors and hedge funds own 92.70% of the company’s stock.
Shares of Aspen Insurance Holdings Limited (NYSE AHL) opened at $41.30 on Tuesday. 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 1 year low of $35.05 and a 1 year high of $57.80.
Aspen Insurance (NYSE:AHL) last issued its quarterly earnings data on Wednesday, October 25th. The insurance provider reported ($4.78) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of $652.50 million during the quarter, compared to the consensus estimate of $626.56 million. During the same quarter last year, the company earned $0.97 earnings per share. Aspen Insurance’s revenue for the quarter was down 4.2% on a year-over-year basis. equities 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 $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Thursday, November 9th. Aspen Insurance’s dividend payout ratio (DPR) is -27.75%.
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 value of $49,944.00. Following the completion of the sale, the chief executive officer now owns 39,321 shares of the company’s stock, valued at $1,636,540.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.34% of the stock is owned by company insiders.
A number of analysts recently issued reports on AHL shares. Buckingham Research started coverage on shares of Aspen Insurance in a research report on Monday, September 11th. They set a “buy” rating and a $44.00 target price for the company. UBS dropped their target price on shares of Aspen Insurance from $52.00 to $45.00 and set a “neutral” rating for the company in a research report on Tuesday, September 19th. ValuEngine downgraded shares of Aspen Insurance from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. Barclays lowered their price objective 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. Finally, Zacks Investment Research raised shares of Aspen Insurance from a “strong sell” rating to a “hold” rating in a research report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $46.75.
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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