Sapience Investments LLC raised its stake in Aspen Insurance Holdings Limited (NYSE:AHL) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 418,980 shares of the insurance provider’s stock after buying an additional 10,320 shares during the quarter. Aspen Insurance makes up approximately 2.3% of Sapience Investments LLC’s investment portfolio, making the stock its 11th largest position. Sapience Investments LLC owned about 0.70% of Aspen Insurance worth $17,011,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently modified their holdings of the business. Franklin Resources Inc. grew its holdings in shares of Aspen Insurance by 115.9% during the 4th quarter. Franklin Resources Inc. now owns 1,765,951 shares of the insurance provider’s stock worth $71,697,000 after purchasing an additional 948,118 shares during the period. Deprince Race & Zollo Inc. grew its holdings in shares of Aspen Insurance by 215.5% during the 4th quarter. Deprince Race & Zollo Inc. now owns 1,369,269 shares of the insurance provider’s stock worth $55,592,000 after purchasing an additional 935,244 shares during the period. Citadel Advisors LLC grew its holdings in shares of Aspen Insurance by 71.0% during the 3rd quarter. Citadel Advisors LLC now owns 1,446,231 shares of the insurance provider’s stock worth $58,428,000 after purchasing an additional 600,265 shares during the period. Donald Smith & CO. Inc. grew its holdings in shares of Aspen Insurance by 91.0% during the 3rd quarter. Donald Smith & CO. Inc. now owns 1,227,032 shares of the insurance provider’s stock worth $49,572,000 after purchasing an additional 584,503 shares during the period. Finally, American Century Companies Inc. purchased a new position in shares of Aspen Insurance during the 4th quarter worth $22,061,000. Institutional investors own 98.12% of the company’s stock.
AHL has been the subject of a number of research analyst reports. UBS Group lowered their price target on Aspen Insurance from $43.00 to $42.00 and set a “neutral” rating for the company in a report on Friday, January 26th. Zacks Investment Research cut Aspen Insurance from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 30th. Barclays lowered their price target on Aspen Insurance from $43.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, January 26th. Finally, ValuEngine cut Aspen Insurance from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $45.75.
Aspen Insurance (NYSE:AHL) last announced its earnings results on Wednesday, February 7th. The insurance provider reported ($3.14) EPS for the quarter, beating analysts’ consensus estimates of ($3.46) by $0.32. Aspen Insurance had a negative return on equity of 11.61% and a negative net margin of 10.80%. The company had revenue of $511.00 million during the quarter, compared to analysts’ expectations of $592.27 million. During the same period last year, the business posted ($0.34) EPS. Aspen Insurance’s revenue for the quarter was down 16.6% on a year-over-year basis. research analysts anticipate that Aspen Insurance Holdings Limited will post 3.7 earnings per share for the current fiscal year.
The company 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 dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Thursday, February 22nd. Aspen Insurance’s dividend payout ratio (DPR) is -18.11%.
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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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