Aspen Insurance Holdings Limited (AHL) Lifted to “Hold” at Zacks Investment Research
Aspen Insurance Holdings Limited (NYSE:AHL) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.
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. “
A number of other brokerages also recently commented on AHL. TheStreet downgraded Aspen Insurance Holdings Limited from a “b” rating to a “c” rating in a research report on Thursday, July 27th. BidaskClub lowered Aspen Insurance Holdings Limited from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th. Buckingham Research initiated coverage on Aspen Insurance Holdings Limited in a report on Monday, September 11th. They set a “buy” rating and a $44.00 price objective for the company. UBS AG reiterated a “neutral” rating and set a $52.00 price objective (down from $54.00) on shares of Aspen Insurance Holdings Limited in a report on Tuesday, August 1st. Finally, Barclays PLC cut their price objective on Aspen Insurance Holdings Limited from $54.00 to $49.00 and set an “equal weight” rating for the company in a report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $46.75.
Aspen Insurance Holdings Limited (NYSE AHL) traded up 0.23% during trading on Monday, hitting $43.00. The stock had a trading volume of 1,074,530 shares. Aspen Insurance Holdings Limited has a one year low of $35.05 and a one year high of $57.80. The stock’s 50-day moving average is $41.14 and its 200 day moving average is $47.39. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 17.58 and a beta of 0.70.
Aspen Insurance Holdings Limited (NYSE:AHL) last issued its earnings results on Wednesday, October 25th. The insurance provider reported ($4.78) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($5.07) by $0.29. Aspen Insurance Holdings Limited 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 during 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 company’s revenue was down 4.2% compared to the same quarter last year. Equities analysts anticipate that Aspen Insurance Holdings Limited will post ($2.82) earnings per share for the current year.
Several hedge funds have recently made changes to their positions in the company. Grace & White Inc. NY grew its holdings in shares of Aspen Insurance Holdings Limited by 1,165.4% in the 3rd quarter. Grace & White Inc. NY now owns 82,250 shares of the insurance provider’s stock valued at $3,322,000 after buying an additional 75,750 shares during the period. Crossmark Global Holdings Inc. bought a new stake in Aspen Insurance Holdings Limited in the 3rd quarter valued at $418,000. First Trust Advisors LP lifted its position in Aspen Insurance Holdings Limited by 216.7% in the 3rd quarter. First Trust Advisors LP now owns 747,345 shares of the insurance provider’s stock valued at $30,193,000 after acquiring an additional 511,397 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in Aspen Insurance Holdings Limited in the 3rd quarter valued at $376,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in Aspen Insurance Holdings Limited in the 3rd quarter valued at $204,000. 91.21% of the stock is owned by 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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