Summit Global Investments purchased a new stake in Aspen Insurance Holdings Limited (NYSE:AHL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,000 shares of the insurance provider’s stock, valued at approximately $499,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its holdings in shares of Aspen Insurance Holdings Limited by 49.2% in the second quarter. BNP Paribas Arbitrage SA now owns 23,004 shares of the insurance provider’s stock valued at $1,147,000 after purchasing an additional 7,590 shares during the period. UBS Asset Management Americas Inc. raised its stake in Aspen Insurance Holdings Limited by 10.0% in the first quarter. UBS Asset Management Americas Inc. now owns 52,189 shares of the insurance provider’s stock worth $2,716,000 after buying an additional 4,734 shares in the last quarter. Geneva Advisors LLC bought a new position in Aspen Insurance Holdings Limited in the second quarter worth approximately $499,000. Amalgamated Bank raised its stake in Aspen Insurance Holdings Limited by 3.0% in the first quarter. Amalgamated Bank now owns 9,527 shares of the insurance provider’s stock worth $496,000 after buying an additional 279 shares in the last quarter. Finally, Comerica Bank raised its stake in Aspen Insurance Holdings Limited by 0.3% in the second quarter. Comerica Bank now owns 107,559 shares of the insurance provider’s stock worth $5,561,000 after buying an additional 286 shares in the last quarter. Hedge funds and other institutional investors own 91.92% of the company’s stock.

AHL has been the subject of a number of recent research reports. BidaskClub raised shares of Aspen Insurance Holdings Limited from a “strong sell” rating to a “sell” rating in a research note on Friday, July 7th. Zacks Investment Research raised shares of Aspen Insurance Holdings Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Barclays PLC reduced their price objective on shares of Aspen Insurance Holdings Limited from $54.00 to $49.00 and set an “equal weight” rating for the company in a research note on Thursday, July 27th. TheStreet downgraded shares of Aspen Insurance Holdings Limited from a “b” rating to a “c” rating in a research note on Thursday, July 27th. Finally, UBS AG reissued a “neutral” rating and issued a $52.00 price objective (down previously from $54.00) on shares of Aspen Insurance Holdings Limited in a research note on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Aspen Insurance Holdings Limited has a consensus rating of “Hold” and a consensus target price of $52.40.

Aspen Insurance Holdings Limited (NYSE:AHL) opened at 41.60 on Wednesday. The company has a market cap of $2.49 billion, a P/E ratio of 17.01 and a beta of 0.73. Aspen Insurance Holdings Limited has a 52 week low of $35.05 and a 52 week high of $57.80. The company has a 50-day moving average of $46.55 and a 200-day moving average of $50.39.

Aspen Insurance Holdings Limited (NYSE:AHL) last issued its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $0.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by ($0.54). Aspen Insurance Holdings Limited had a net margin of 7.66% and a return on equity of 3.84%. The business had revenue of $562.00 million during the quarter, compared to analysts’ expectations of $639.57 million. During the same period in the prior year, the business earned $0.40 EPS. The business’s quarterly revenue was down 17.5% on a year-over-year basis. On average, equities research analysts predict that Aspen Insurance Holdings Limited will post $2.67 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Monday, August 14th were given a $0.24 dividend. The ex-dividend date was Thursday, August 10th. This represents a $0.96 annualized dividend and a yield of 2.29%. Aspen Insurance Holdings Limited’s dividend payout ratio is presently 39.67%.

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About Aspen Insurance Holdings Limited

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.

Institutional Ownership by Quarter for Aspen Insurance Holdings Limited (NYSE:AHL)

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