Bank of New York Mellon Corp lessened its stake in Aspen Insurance Holdings Limited (NYSE:AHL) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 882,266 shares of the insurance provider’s stock after selling 21,624 shares during the period. Bank of New York Mellon Corp’s holdings in Aspen Insurance were worth $35,821,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Arizona State Retirement System lifted its position in shares of Aspen Insurance by 26.1% during the 4th quarter. Arizona State Retirement System now owns 42,758 shares of the insurance provider’s stock valued at $1,736,000 after buying an additional 8,849 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Aspen Insurance by 12.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 98,324 shares of the insurance provider’s stock valued at $3,992,000 after buying an additional 10,630 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Aspen Insurance by 24.7% during the 4th quarter. First Trust Advisors LP now owns 931,855 shares of the insurance provider’s stock valued at $37,833,000 after buying an additional 184,510 shares in the last quarter. Sei Investments Co. lifted its position in shares of Aspen Insurance by 734.3% during the 4th quarter. Sei Investments Co. now owns 125,356 shares of the insurance provider’s stock valued at $5,089,000 after buying an additional 110,330 shares in the last quarter. Finally, New Mexico Educational Retirement Board purchased a new position in shares of Aspen Insurance during the 4th quarter valued at approximately $601,000. Institutional investors and hedge funds own 98.12% of the company’s stock.

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Aspen Insurance Holdings Limited (NYSE:AHL) opened at $41.60 on Wednesday. Aspen Insurance Holdings Limited has a 52 week low of $34.80 and a 52 week high of $55.25. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $2,480.00, a price-to-earnings ratio of -8.13 and a beta of 0.58.

Aspen Insurance (NYSE:AHL) last posted its quarterly earnings data on Wednesday, February 7th. The insurance provider reported ($3.14) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($3.46) by $0.32. Aspen Insurance had a negative return on equity of 11.61% and a negative net margin of 10.80%. The firm had revenue of $511.00 million during the quarter, compared to the consensus estimate of $592.27 million. During the same period in the prior year, the company earned ($0.34) EPS. The firm’s revenue was down 16.6% compared to the same quarter last year. equities analysts predict that Aspen Insurance Holdings Limited will post 3.7 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Friday, February 23rd were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.31%. The ex-dividend date was Thursday, February 22nd. Aspen Insurance’s dividend payout ratio is currently -18.75%.

A number of brokerages have recently issued reports on AHL. Zacks Investment Research upgraded Aspen Insurance from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th. ValuEngine downgraded Aspen Insurance from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Barclays reduced their price objective on Aspen Insurance from $43.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, January 26th. Finally, UBS Group reduced their price objective on Aspen Insurance from $43.00 to $42.00 and set a “neutral” rating for the company in a research note on Friday, January 26th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Aspen Insurance presently has an average rating of “Hold” and an average target price of $45.75.

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

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