Aspen Insurance Holdings Limited (AHL) Given Consensus Recommendation of “Hold” by Analysts

Shares of Aspen Insurance Holdings Limited (NYSE:AHL) have earned an average recommendation of “Hold” from the eight analysts that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $46.75.

A number of brokerages have weighed in on AHL. Zacks Investment Research downgraded shares of Aspen Insurance from a “hold” rating to a “sell” rating in a report on Tuesday. Buckingham Research upped their price target on shares of Aspen Insurance from $44.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, October 5th. UBS Group cut their price target on shares of Aspen Insurance from $45.00 to $43.00 and set a “neutral” rating for the company in a report on Monday, October 2nd. Barclays cut their price target on shares of Aspen Insurance from $49.00 to $43.00 and set an “equal weight” rating for the company in a report on Monday, October 16th. Finally, ValuEngine downgraded shares of Aspen Insurance from a “hold” rating to a “sell” rating in a report on Friday, October 13th.

In other Aspen Insurance news, CEO Stephen Postlewhite sold 1,200 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $41.62, for a total transaction of $49,944.00. Following the completion of the sale, the chief executive officer now directly owns 39,321 shares of the company’s stock, valued at $1,636,540.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.34% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of AHL. Schwab Charles Investment Management Inc. lifted its stake in Aspen Insurance by 4.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 334,872 shares of the insurance provider’s stock valued at $16,694,000 after buying an additional 14,520 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Aspen Insurance by 13.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,439 shares of the insurance provider’s stock valued at $122,000 after buying an additional 284 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Aspen Insurance by 4.8% during the second quarter. Principal Financial Group Inc. now owns 258,401 shares of the insurance provider’s stock valued at $12,881,000 after buying an additional 11,808 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Aspen Insurance by 2.8% during the second quarter. Ameriprise Financial Inc. now owns 359,390 shares of the insurance provider’s stock valued at $17,915,000 after buying an additional 9,673 shares in the last quarter. Finally, Nationwide Fund Advisors lifted its stake in Aspen Insurance by 2.2% during the second quarter. Nationwide Fund Advisors now owns 132,038 shares of the insurance provider’s stock valued at $6,582,000 after buying an additional 2,905 shares in the last quarter. 92.64% of the stock is owned by institutional investors.

Shares of Aspen Insurance (NYSE:AHL) opened at $38.40 on Friday. Aspen Insurance has a 52-week low of $35.05 and a 52-week 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. The company has a market capitalization of $2,280.00, a P/E ratio of -11.10 and a beta of 0.74.

Aspen Insurance (NYSE:AHL) last issued its quarterly earnings results on Wednesday, October 25th. The insurance provider reported ($4.78) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($5.07) by $0.29. Aspen Insurance had a negative net margin of 6.00% and a negative return on equity of 5.68%. The company had revenue of $652.50 million during the quarter, compared to the consensus estimate of $626.56 million. During the same period in the prior year, the company earned $0.97 EPS. Aspen Insurance’s revenue was down 4.2% on a year-over-year basis. research analysts anticipate that Aspen Insurance will post -2.7 EPS for the current fiscal year.

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About Aspen Insurance

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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