Comerica Bank lessened its stake in Aspen Insurance Holdings Limited (NYSE:AHL) by 68.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 39,179 shares of the insurance provider’s stock after selling 85,242 shares during the quarter. Comerica Bank owned 0.07% of Aspen Insurance worth $1,634,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in AHL. Vident Investment Advisory LLC acquired a new position in shares of Aspen Insurance during the 2nd quarter worth $235,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Aspen Insurance during the 2nd quarter worth $245,000. State of Alaska Department of Revenue increased its stake in shares of Aspen Insurance by 37.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 6,151 shares of the insurance provider’s stock worth $257,000 after purchasing an additional 1,691 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Aspen Insurance by 71.9% during the 2nd 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 during the last quarter. Finally, Amalgamated Bank acquired a new position in shares of Aspen Insurance during the 2nd quarter worth $480,000. Hedge funds and other institutional investors own 98.42% of the company’s stock.
NYSE:AHL opened at $41.86 on Monday. Aspen Insurance Holdings Limited has a 1 year low of $34.80 and a 1 year high of $46.10. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $2.50 billion, a P/E ratio of -6.35 and a beta of 0.29.
Aspen Insurance (NYSE:AHL) last posted its earnings results on Wednesday, October 24th. The insurance provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.24). Aspen Insurance had a negative net margin of 8.02% and a negative return on equity of 1.27%. The firm had revenue of $670.50 million during the quarter. Research analysts forecast that Aspen Insurance Holdings Limited will post 1.15 EPS for the current year.
Several research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Aspen Insurance from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. Buckingham Research lowered shares of Aspen Insurance from a “buy” rating to a “neutral” rating and lowered their target price for the company from $46.00 to $42.75 in a research note on Monday, September 10th. Deutsche Bank raised their target price on shares of Aspen Insurance from $40.00 to $42.00 and gave the company a “hold” rating in a research note on Wednesday, September 5th. Finally, ValuEngine upgraded shares of Aspen Insurance from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $42.55.
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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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