Aspen Insurance Holdings Limited (NYSE:AHL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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. “

Other research analysts have also issued reports about the stock. Deutsche Bank AG upped their price objective on shares of Aspen Insurance Holdings Limited from $53.00 to $55.00 and gave the stock a “hold” rating in a report on Friday, April 28th. BidaskClub upgraded shares of Aspen Insurance Holdings Limited from a “strong sell” rating to a “sell” rating in a report on Friday.

Aspen Insurance Holdings Limited (NYSE AHL) traded down 0.39% during midday trading on Tuesday, reaching $50.60. 269,518 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $50.39 and a 200 day moving average price of $53.27. Aspen Insurance Holdings Limited has a 12-month low of $44.05 and a 12-month high of $57.80. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 22.29 and a beta of 0.73.

Aspen Insurance Holdings Limited (NYSE:AHL) last issued its quarterly earnings data on Wednesday, April 26th. The insurance provider reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.21. Aspen Insurance Holdings Limited had a net margin of 6.91% and a return on equity of 3.97%. The business had revenue of $581.10 million during the quarter, compared to analyst estimates of $686.46 million. During the same period in the prior year, the business earned $1.29 EPS. On average, analysts expect that Aspen Insurance Holdings Limited will post $3.60 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of AHL. TLP Group LLC acquired a new position in shares of Aspen Insurance Holdings Limited during the first quarter valued at about $187,000. Envestnet Asset Management Inc. raised its position 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. Credit Agricole S A raised its position in shares of Aspen Insurance Holdings Limited by 155.6% in the first quarter. Credit Agricole S A now owns 4,307 shares of the insurance provider’s stock valued at $224,000 after buying an additional 2,622 shares during the last quarter. Quantbot Technologies LP raised its position in shares of Aspen Insurance Holdings Limited by 3,766.9% in the first quarter. Quantbot Technologies LP now owns 5,375 shares of the insurance provider’s stock valued at $279,000 after buying an additional 5,236 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new position in shares of Aspen Insurance Holdings Limited during the first quarter valued at about $297,000. Institutional investors own 91.78% of the company’s stock.

Aspen Insurance Holdings Limited 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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