Aspen Insurance (AHL) Downgraded by Zacks Investment Research
Zacks Investment Research cut shares of Aspen Insurance (NYSE:AHL) from a hold rating to a strong sell rating in a report issued on Tuesday morning.
According to Zacks, “Aspen Insurance Holdings is a Bermudian holding company that provides property and casualty reinsurance in the global market, property and liability insurance principally in the United Kingdom and surplus lines insurance in the United States. Aspen’s operations are conducted through its wholly-owned subsidiaries located in London, Bermuda and the United States: Aspen Insurance UK Limited, Aspen Insurance Limited and Aspen Specialty Insurance Company. “
Several other analysts have also recently commented on AHL. ValuEngine cut Aspen Insurance from a sell rating to a strong sell rating in a research report on Friday, February 2nd. Barclays lowered their target price on Aspen Insurance from $43.00 to $40.00 and set an equal weight rating on the stock in a research report on Friday, January 26th. Finally, UBS lowered their target price on Aspen Insurance from $43.00 to $42.00 and set a neutral rating on the stock in a research report on Friday, January 26th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $45.75.
Aspen Insurance (NYSE:AHL) last announced its quarterly earnings results on Wednesday, February 7th. The insurance provider reported ($3.14) earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $511.00 million for the quarter, compared to analysts’ expectations of $592.27 million. During the same period in the prior year, the firm earned ($0.34) EPS. The business’s quarterly revenue was down 16.6% on a year-over-year basis. research analysts predict that Aspen Insurance will post 3.7 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Friday, February 23rd were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend was Thursday, February 22nd. Aspen Insurance’s dividend payout ratio is currently -18.11%.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. ING Groep NV increased its position in Aspen Insurance by 22.3% in the 4th quarter. ING Groep NV now owns 8,964 shares of the insurance provider’s stock valued at $364,000 after acquiring an additional 1,635 shares during the period. Winslow Asset Management Inc. increased its position in Aspen Insurance by 1.3% in the 4th quarter. Winslow Asset Management Inc. now owns 139,022 shares of the insurance provider’s stock valued at $5,644,000 after acquiring an additional 1,825 shares during the period. Swiss National Bank increased its position in shares of Aspen Insurance by 1.9% during the 4th quarter. Swiss National Bank now owns 101,100 shares of the insurance provider’s stock valued at $4,105,000 after purchasing an additional 1,900 shares during the period. Teachers Advisors LLC increased its position in shares of Aspen Insurance by 1.7% during the 4th quarter. Teachers Advisors LLC now owns 163,934 shares of the insurance provider’s stock valued at $6,656,000 after purchasing an additional 2,713 shares during the period. Finally, California Public Employees Retirement System increased its position in shares of Aspen Insurance by 1.3% during the 3rd quarter. California Public Employees Retirement System now owns 209,842 shares of the insurance provider’s stock valued at $8,478,000 after purchasing an additional 2,742 shares during the period. Hedge funds and other institutional investors own 98.12% of the company’s stock.
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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