Aspen Insurance Holdings Ltd. (AHL) Trading Up 2.8%
Aspen Insurance Holdings Ltd. (NYSE:AHL)’s share price was up 2.8% during mid-day trading on Wednesday . The company traded as high as $46.53 and last traded at $46.15, with a volume of 359,530 shares changing hands. The stock had previously closed at $44.90.
Separately, Zacks Investment Research raised Aspen Insurance Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, September 13th.
The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 10.05 and a beta of 0.74. The stock’s 50 day moving average is $45.43 and its 200-day moving average is $46.16.
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Aspen Insurance Holdings (NYSE:AHL) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.69 by $0.29. Aspen Insurance Holdings had a return on equity of 7.90% and a net margin of 11.89%. The firm had revenue of $680.80 million for the quarter, compared to analysts’ expectations of $677.80 million. During the same period last year, the business earned $0.99 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, equities research analysts predict that Aspen Insurance Holdings Ltd. will post $3.65 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 30th. Stockholders of record on Friday, August 12th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Wednesday, August 10th. Aspen Insurance Holdings’s dividend payout ratio (DPR) is presently 19.05%.
In other news, CEO Kane Christopher O sold 11,500 shares of the firm’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $45.25, for a total transaction of $520,375.00. Following the completion of the sale, the chief executive officer now directly owns 277,889 shares of the company’s stock, valued at approximately $12,574,477.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its position in shares of Aspen Insurance Holdings by 16.8% in the first quarter. Envestnet Asset Management Inc. now owns 3,336 shares of the company’s stock worth $159,000 after buying an additional 481 shares in the last quarter. LS Investment Advisors LLC raised its position in shares of Aspen Insurance Holdings by 71.9% in the second quarter. LS Investment Advisors LLC now owns 3,645 shares of the company’s stock worth $169,000 after buying an additional 1,524 shares in the last quarter. Barclays PLC raised its position in shares of Aspen Insurance Holdings by 318.5% in the second quarter. Barclays PLC now owns 4,419 shares of the company’s stock worth $205,000 after buying an additional 3,363 shares in the last quarter. Ifrah Financial Services Inc. raised its position in shares of Aspen Insurance Holdings by 0.3% in the second quarter. Ifrah Financial Services Inc. now owns 4,536 shares of the company’s stock worth $210,000 after buying an additional 15 shares in the last quarter. Finally, Trexquant Investment LP bought a new position in shares of Aspen Insurance Holdings during the second quarter worth approximately $213,000. 93.97% of the stock is currently owned by institutional investors and hedge funds.
Aspen Insurance Holdings Company Profile
Aspen Insurance Holdings Limited (Aspen Holdings) is a holding company. The Company conducts insurance and reinsurance business through its subsidiaries: Aspen U.K. and AUL, Aspen Bermuda (Bermuda) and Aspen Specialty and AAIC (the United States). It operates in two segments: Aspen Insurance and Aspen Reinsurance (Aspen Re).
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