Buckingham Research Raises Aspen Insurance Holdings Limited (AHL) Price Target to $46.00
Aspen Insurance Holdings Limited (NYSE:AHL) had its price objective raised by equities research analysts at Buckingham Research from $44.00 to $46.00 in a report issued on Thursday. The firm currently has a “buy” rating on the insurance provider’s stock. Buckingham Research’s price target would suggest a potential upside of 11.25% from the stock’s previous close.
A number of other research analysts have also weighed in on AHL. BidaskClub raised shares of Aspen Insurance Holdings Limited from a “strong sell” rating to a “sell” rating in a research note on Friday, July 7th. Zacks Investment Research raised shares of Aspen Insurance Holdings Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Barclays PLC decreased their price target on shares of Aspen Insurance Holdings Limited from $54.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 27th. TheStreet lowered shares of Aspen Insurance Holdings Limited from a “b” rating to a “c” rating in a research note on Thursday, July 27th. Finally, UBS AG reaffirmed a “neutral” rating and issued a $52.00 price target (down from $54.00) on shares of Aspen Insurance Holdings Limited in a research note on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $48.25.
Shares of Aspen Insurance Holdings Limited (NYSE:AHL) traded up 1.35% during midday trading on Thursday, hitting $41.35. The stock had a trading volume of 551,891 shares. The stock has a market cap of $2.47 billion, a PE ratio of 16.91 and a beta of 0.70. Aspen Insurance Holdings Limited has a 52-week low of $35.05 and a 52-week high of $57.80. The firm has a 50 day moving average price of $42.64 and a 200-day moving average price of $48.65.
Aspen Insurance Holdings Limited (NYSE:AHL) last posted its earnings results on Wednesday, July 26th. The insurance provider reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.54). The firm had revenue of $562.00 million for the quarter, compared to analysts’ expectations of $639.57 million. Aspen Insurance Holdings Limited had a return on equity of 3.84% and a net margin of 7.66%. The company’s revenue was down 17.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.40 earnings per share. Equities analysts predict that Aspen Insurance Holdings Limited will post $0.85 EPS for the current fiscal year.
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A number of institutional investors have recently modified their holdings of AHL. BlackRock Inc. lifted its stake in Aspen Insurance Holdings Limited by 6,809.4% in the 1st quarter. BlackRock Inc. now owns 4,955,473 shares of the insurance provider’s stock valued at $257,934,000 after buying an additional 4,883,752 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Aspen Insurance Holdings Limited in the 1st quarter valued at about $16,838,000. Balyasny Asset Management LLC raised its holdings in Aspen Insurance Holdings Limited by 121.2% in the 2nd quarter. Balyasny Asset Management LLC now owns 449,311 shares of the insurance provider’s stock valued at $22,398,000 after acquiring an additional 246,160 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Aspen Insurance Holdings Limited by 21.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,293,800 shares of the insurance provider’s stock valued at $64,496,000 after acquiring an additional 232,110 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Aspen Insurance Holdings Limited by 28.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 701,682 shares of the insurance provider’s stock valued at $34,979,000 after acquiring an additional 154,987 shares during the last quarter. 91.91% of the stock is currently owned by hedge funds and other 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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