Aspen Insurance Holdings Limited (NYSE:AHL) has earned an average recommendation of “Hold” from the eight brokerages that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $45.75.
AHL has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Aspen Insurance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. UBS Group dropped their price target on shares of Aspen Insurance from $43.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, January 26th. Barclays dropped their price target on shares of Aspen Insurance from $43.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, January 26th. Finally, ValuEngine downgraded shares of Aspen Insurance from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue bought a new stake in shares of Aspen Insurance in the 4th quarter worth approximately $174,000. Susquehanna International Group LLP bought a new stake in shares of Aspen Insurance in the 2nd quarter worth approximately $201,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Aspen Insurance in the 3rd quarter worth approximately $204,000. CHICAGO TRUST Co NA bought a new stake in shares of Aspen Insurance in the 4th quarter worth approximately $204,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Aspen Insurance by 17.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,340 shares of the insurance provider’s stock worth $216,000 after purchasing an additional 659 shares in the last quarter. Institutional investors and hedge funds own 97.94% of the company’s stock.
Aspen Insurance (NYSE:AHL) last released its quarterly earnings results on Wednesday, February 7th. The insurance provider reported ($3.14) EPS for the quarter, topping analysts’ consensus estimates of ($3.46) by $0.32. Aspen Insurance had a negative net margin of 10.80% and a negative return on equity of 11.61%. The company had revenue of $511.00 million for the quarter, compared to the consensus estimate of $592.27 million. During the same period in the previous year, the firm earned ($0.34) EPS. Aspen Insurance’s revenue was down 16.6% on a year-over-year basis. sell-side analysts anticipate that Aspen Insurance will post 3.7 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Friday, February 23rd will be issued a $0.24 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.61%. Aspen Insurance’s payout ratio is currently -18.11%.
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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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