Engineers Gate Manager LP bought a new position in shares of Aspen Insurance Holdings Limited (NYSE:AHL) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 88,754 shares of the insurance provider’s stock, valued at approximately $3,586,000. Engineers Gate Manager LP owned approximately 0.15% of Aspen Insurance as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ING Groep NV bought a new stake in Aspen Insurance in the second quarter valued at approximately $364,000. Texas Permanent School Fund raised its stake in Aspen Insurance by 1.1% in the second quarter. Texas Permanent School Fund now owns 43,798 shares of the insurance provider’s stock valued at $2,183,000 after buying an additional 478 shares during the period. Sei Investments Co. raised its stake in Aspen Insurance by 90.0% in the second quarter. Sei Investments Co. now owns 38,138 shares of the insurance provider’s stock valued at $1,903,000 after buying an additional 18,063 shares during the period. Trexquant Investment LP bought a new stake in Aspen Insurance in the second quarter valued at approximately $239,000. Finally, Canada Pension Plan Investment Board bought a new stake in Aspen Insurance in the second quarter valued at approximately $1,446,000. Institutional investors and hedge funds own 92.70% of the company’s stock.
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 stock was sold at an average price of $41.62, for a total value of $49,944.00. Following the transaction, the chief executive officer now owns 39,321 shares of the company’s stock, valued at $1,636,540.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.34% of the stock is currently owned by corporate insiders.
Aspen Insurance Holdings Limited (AHL) opened at $41.60 on Wednesday. Aspen Insurance Holdings Limited has a 12-month low of $35.05 and a 12-month high of $57.80. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.21.
Aspen Insurance (NYSE:AHL) last posted its earnings results on Wednesday, October 25th. The insurance provider reported ($4.78) EPS for the quarter, beating the consensus estimate of ($5.07) by $0.29. Aspen Insurance had a negative return on equity of 5.68% and a negative net margin of 6.00%. The company had revenue of $652.50 million for the quarter, compared to the consensus estimate of $626.56 million. During the same quarter in the prior year, the business earned $0.97 earnings per share. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. equities analysts predict that Aspen Insurance Holdings Limited will post -3.2 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Friday, November 10th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Thursday, November 9th. Aspen Insurance’s payout ratio is -27.75%.
Several analysts have issued reports on the company. Zacks Investment Research upgraded Aspen Insurance from a “strong sell” rating to a “hold” rating in a research note on Monday, October 30th. 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. ValuEngine lowered Aspen Insurance from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. Buckingham Research upped their price objective on Aspen Insurance from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, October 5th. Finally, UBS dropped their price objective on Aspen Insurance from $45.00 to $43.00 and set a “neutral” rating on the stock in a research note on Monday, October 2nd. 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 stock has a consensus rating of “Hold” and a consensus target price of $46.75.
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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