Arizona State Retirement System grew its holdings in Aspen Insurance Holdings Limited (NYSE:AHL) by 26.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 42,758 shares of the insurance provider’s stock after buying an additional 8,849 shares during the quarter. Arizona State Retirement System owned approximately 0.07% of Aspen Insurance worth $1,736,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. State of Alaska Department of Revenue acquired a new stake in shares of Aspen Insurance in the fourth quarter valued at $174,000. CHICAGO TRUST Co NA bought a new position in Aspen Insurance in the fourth quarter valued at about $204,000. Cipher Capital LP bought a new position in Aspen Insurance in the third quarter valued at about $236,000. Public Employees Retirement Association of Colorado boosted its holdings in Aspen Insurance by 229.7% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 6,163 shares of the insurance provider’s stock valued at $250,000 after acquiring an additional 4,294 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in Aspen Insurance by 24.8% in the second quarter. Royal Bank of Canada now owns 8,232 shares of the insurance provider’s stock valued at $411,000 after acquiring an additional 1,634 shares during the last quarter. Institutional investors own 98.12% of the company’s stock.
Aspen Insurance Holdings Limited (NYSE AHL) opened at $41.10 on Tuesday. The stock has a market capitalization of $2,440.00, a PE ratio of -8.03 and a beta of 0.58. Aspen Insurance Holdings Limited has a 1-year low of $34.80 and a 1-year high of $55.25. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.20.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders 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 2.34%. The ex-dividend date of this dividend is Thursday, February 22nd. Aspen Insurance’s dividend payout ratio (DPR) is currently -18.75%.
Several research firms recently issued reports on AHL. Zacks Investment Research cut Aspen Insurance from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 30th. ValuEngine cut Aspen Insurance from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. UBS Group decreased their price target on Aspen Insurance from $43.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday, January 26th. Finally, Barclays decreased their price target on Aspen Insurance from $43.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, January 26th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Aspen Insurance currently has a consensus rating of “Hold” and an average target price of $45.75.
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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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