Aspen Insurance Holdings Limited (AHL) Shares Bought by Prudential Financial Inc.
Prudential Financial Inc. grew its stake in shares of Aspen Insurance Holdings Limited (NYSE:AHL) by 29.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 146,244 shares of the insurance provider’s stock after acquiring an additional 33,423 shares during the period. Prudential Financial Inc. owned about 0.24% of Aspen Insurance worth $5,909,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its stake in Aspen Insurance by 1.4% in the second quarter. BlackRock Inc. now owns 5,024,115 shares of the insurance provider’s stock worth $250,453,000 after buying an additional 68,642 shares in the last quarter. Frontier Capital Management Co. LLC raised its stake in Aspen Insurance by 27.4% in the third quarter. Frontier Capital Management Co. LLC now owns 2,124,980 shares of the insurance provider’s stock worth $85,849,000 after buying an additional 456,931 shares in the last quarter. Renaissance Technologies LLC raised its stake in Aspen Insurance by 21.9% in the second quarter. Renaissance Technologies LLC now owns 1,293,800 shares of the insurance provider’s stock worth $64,496,000 after buying an additional 232,110 shares in the last quarter. Pzena Investment Management LLC raised its stake in Aspen Insurance by 4.8% in the second quarter. Pzena Investment Management LLC now owns 1,094,283 shares of the insurance provider’s stock worth $54,550,000 after buying an additional 49,971 shares in the last quarter. Finally, Citadel Advisors LLC raised its stake in Aspen Insurance by 20.1% in the second quarter. Citadel Advisors LLC now owns 845,966 shares of the insurance provider’s stock worth $42,171,000 after buying an additional 141,776 shares in the last quarter. 94.06% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on the stock. UBS AG reduced their price objective on shares of Aspen Insurance from $45.00 to $43.00 and set a “neutral” rating for the company in a research note on Monday, October 2nd. Buckingham Research boosted their price objective on shares of Aspen Insurance from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, October 5th. Zacks Investment Research raised shares of Aspen Insurance from a “strong sell” rating to a “hold” rating in a research note on Monday, October 30th. Barclays PLC cut their price target on shares of Aspen Insurance from $49.00 to $43.00 and set an “equal weight” rating on the stock in a report on Monday, October 16th. Finally, ValuEngine lowered shares of Aspen Insurance from a “hold” rating to a “sell” rating in a report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $46.75.
Aspen Insurance Holdings Limited (NYSE:AHL) opened at $40.55 on Monday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.21. Aspen Insurance Holdings Limited has a 1-year low of $35.05 and a 1-year high of $57.80.
Aspen Insurance (NYSE:AHL) last released its quarterly earnings results on Wednesday, October 25th. The insurance provider reported ($4.78) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($5.07) by $0.29. Aspen Insurance had a negative net margin of 6.00% and a negative return on equity of 5.68%. The business had revenue of $652.50 million for the quarter, compared to analyst estimates of $626.56 million. During the same period in the previous year, the company earned $0.97 earnings per share. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. equities analysts forecast that Aspen Insurance Holdings Limited will post -3.2 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Friday, November 10th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Thursday, November 9th. Aspen Insurance’s dividend payout ratio is currently -27.75%.
In other Aspen Insurance news, CEO Stephen Postlewhite sold 1,200 shares of Aspen Insurance stock in a transaction on Monday, November 13th. The shares were sold at an average price of $41.62, for a total value of $49,944.00. Following the transaction, the chief executive officer now directly owns 39,321 shares of the company’s stock, valued at $1,636,540.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.34% of the stock is currently owned by insiders.
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About Aspen Insurance
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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