California Public Employees Retirement System cut its holdings in Aspen Insurance Holdings Limited (NYSE:AHL) by 23.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,254 shares of the insurance provider’s stock after selling 52,695 shares during the period. California Public Employees Retirement System owned about 0.28% of Aspen Insurance worth $6,848,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of AHL. Sapience Investments LLC increased its position in shares of Aspen Insurance by 20.3% during the second quarter. Sapience Investments LLC now owns 625,240 shares of the insurance provider’s stock worth $25,447,000 after purchasing an additional 105,454 shares in the last quarter. Putnam Investments LLC acquired a new stake in shares of Aspen Insurance during the second quarter worth about $5,226,000. Millennium Management LLC increased its position in shares of Aspen Insurance by 15.2% during the second quarter. Millennium Management LLC now owns 1,933,444 shares of the insurance provider’s stock worth $78,691,000 after purchasing an additional 254,633 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Aspen Insurance by 71.9% during the second quarter. Tower Research Capital LLC TRC now owns 7,642 shares of the insurance provider’s stock worth $311,000 after purchasing an additional 3,197 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Aspen Insurance during the second quarter worth about $916,000. Institutional investors own 97.16% of the company’s stock.
AHL has been the topic of a number of research analyst reports. ValuEngine upgraded Aspen Insurance from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Zacks Investment Research cut Aspen Insurance from a “buy” rating to a “hold” rating in a research report on Monday, July 16th. Deutsche Bank lifted their target price on Aspen Insurance from $40.00 to $42.00 and gave the stock a “hold” rating in a research report on Wednesday, September 5th. Finally, Buckingham Research cut Aspen Insurance from a “buy” rating to a “neutral” rating and cut their target price for the stock from $46.00 to $42.75 in a research report on Monday, September 10th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $42.55.
Shares of AHL stock opened at $41.90 on Friday. The stock has a market capitalization of $2.49 billion, a P/E ratio of -6.32 and a beta of 0.37. Aspen Insurance Holdings Limited has a 52-week low of $34.80 and a 52-week high of $46.10. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.74 and a current ratio of 0.74.
Aspen Insurance (NYSE:AHL) last issued its quarterly earnings results on Wednesday, August 1st. The insurance provider reported $0.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.01. The firm had revenue of $519.50 million for the quarter, compared to analysts’ expectations of $536.00 million. Aspen Insurance had a negative return on equity of 11.73% and a negative net margin of 18.11%. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 EPS. As a group, equities research analysts forecast that Aspen Insurance Holdings Limited will post 2.7 EPS for the current fiscal year.
About Aspen Insurance
Aspen Insurance Holdings Limited, through its subsidiaries, engages in insurance and reinsurance businesses in the United States and internationally. The company's Aspen Insurance segment offers property and casualty insurance products, including U.S. and U.K. commercial property, commercial liability, U.S.
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