Aspen Insurance Holdings Limited (AHL) Stake Lowered by SG Americas Securities LLC
SG Americas Securities LLC lessened its holdings in Aspen Insurance Holdings Limited (NYSE:AHL) by 56.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,289 shares of the insurance provider’s stock after selling 12,052 shares during the period. SG Americas Securities LLC’s holdings in Aspen Insurance were worth $375,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Aspen Insurance by 13.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,439 shares of the insurance provider’s stock worth $122,000 after acquiring an additional 284 shares in the last quarter. Susquehanna International Group LLP acquired a new position in Aspen Insurance during the 2nd quarter worth about $201,000. TLP Group LLC lifted its stake in Aspen Insurance by 13.7% during the 2nd quarter. TLP Group LLC now owns 4,094 shares of the insurance provider’s stock worth $204,000 after acquiring an additional 494 shares in the last quarter. Quantitative Systematic Strategies LLC acquired a new position in Aspen Insurance during the 3rd quarter worth about $204,000. Finally, PNC Financial Services Group Inc. lifted its stake in Aspen Insurance by 17.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,340 shares of the insurance provider’s stock worth $216,000 after acquiring an additional 659 shares in the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO Stephen Postlewhite sold 1,200 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $41.62, for a total value of $49,944.00. Following the transaction, the chief executive officer now owns 39,321 shares in the company, valued at approximately $1,636,540.02. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.34% of the company’s stock.
Several equities analysts recently issued reports on the company. Zacks Investment Research raised Aspen Insurance from a “strong sell” rating to a “hold” rating in a research note on Monday, October 30th. Barclays decreased their target price on Aspen Insurance from $49.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Monday, October 16th. ValuEngine lowered Aspen Insurance from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. Buckingham Research upped their price target on Aspen Insurance from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, October 5th. Finally, UBS cut their price target on Aspen Insurance from $45.00 to $43.00 and set a “neutral” rating on the stock in a report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $46.75.
Shares of Aspen Insurance Holdings Limited (NYSE AHL) opened at $41.15 on Friday. 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 issued its quarterly earnings results on Wednesday, October 25th. The insurance provider reported ($4.78) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($5.07) by $0.29. Aspen Insurance had a negative return on equity of 5.68% and a negative net margin of 6.00%. The company had revenue of $652.50 million for the quarter, compared to the consensus estimate of $626.56 million. During the same quarter in the prior year, the business earned $0.97 EPS. Aspen Insurance’s revenue was down 4.2% on a year-over-year basis. equities research analysts predict that Aspen Insurance Holdings Limited will post -3.2 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Shareholders of record on Friday, November 10th were issued a dividend of $0.24 per share. The ex-dividend date was Thursday, November 9th. This represents a $0.96 annualized dividend and a yield of 2.33%. Aspen Insurance’s dividend payout ratio (DPR) is -27.75%.
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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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