Zacks: Brokerages Anticipate Aspen Insurance Holdings Limited (AHL) to Announce $0.76 Earnings Per Share

Wall Street analysts forecast that Aspen Insurance Holdings Limited (NYSE:AHL) will post earnings of $0.76 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for Aspen Insurance’s earnings. Aspen Insurance posted earnings of ($0.34) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 323.5%. The firm is expected to announce its next quarterly earnings results after the market closes on Wednesday, February 7th.

On average, analysts expect that Aspen Insurance will report full-year earnings of ($2.70) per share for the current fiscal year. For the next financial year, analysts forecast that the firm will post earnings of $4.00 per share. Zacks’ EPS averages are an average based on a survey of analysts that that provide coverage for Aspen Insurance.

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

AHL has been the subject of several research reports. Zacks Investment Research lowered Aspen Insurance from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. Buckingham Research increased their price objective on Aspen Insurance from $44.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, October 5th. UBS Group reduced their price objective on Aspen Insurance from $45.00 to $43.00 and set a “neutral” rating for the company in a report on Monday, October 2nd. Barclays reduced their price objective on 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 lowered Aspen Insurance from a “hold” rating to a “sell” rating in a report on Friday, October 13th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Aspen Insurance presently has an average rating of “Hold” and a consensus target price of $46.75.

In other news, CEO Stephen Postlewhite sold 1,200 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $41.62, for a total value of $49,944.00. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.34% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of AHL. State of Alaska Department of Revenue bought a new position in shares of Aspen Insurance in the fourth quarter worth $174,000. Susquehanna International Group LLP bought a new position in shares of Aspen Insurance in the second quarter worth $201,000. TLP Group LLC boosted its holdings in shares of Aspen Insurance by 13.7% in the second quarter. TLP Group LLC now owns 4,094 shares of the insurance provider’s stock worth $204,000 after acquiring an additional 494 shares during the period. Quantitative Systematic Strategies LLC bought a new position in shares of Aspen Insurance in the third quarter worth $204,000. Finally, CHICAGO TRUST Co NA bought a new position in shares of Aspen Insurance in the fourth quarter worth $204,000. 92.51% of the stock is owned by hedge funds and other institutional investors.

Shares of Aspen Insurance (NYSE:AHL) traded up $0.15 on Monday, hitting $38.40. The company had a trading volume of 385,700 shares, compared to its average volume of 498,738. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $2,281.24, a P/E ratio of -11.10 and a beta of 0.74. Aspen Insurance has a one year low of $35.05 and a one year high of $57.80.

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Aspen Insurance 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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