Aspen Insurance Holdings Limited (AHL) Given New $43.00 Price Target at Barclays PLC

Aspen Insurance Holdings Limited (NYSE:AHL) had its price target decreased by Barclays PLC from $49.00 to $43.00 in a research note issued to investors on Monday. Barclays PLC currently has an equal weight rating on the insurance provider’s stock.

A number of other equities research analysts also recently issued reports on the stock. Buckingham Research initiated coverage on shares of Aspen Insurance Holdings Limited in a report on Monday, September 11th. They issued a buy rating and a $44.00 price target on the stock. Zacks Investment Research downgraded shares of Aspen Insurance Holdings Limited from a hold rating to a sell rating in a report on Monday, July 17th. BidaskClub downgraded shares of Aspen Insurance Holdings Limited from a sell rating to a strong sell rating in a report on Wednesday, July 19th. TheStreet downgraded shares of Aspen Insurance Holdings Limited from a b rating to a c rating in a report on Thursday, July 27th. Finally, UBS AG reissued a neutral rating and issued a $52.00 price target (down from $54.00) on shares of Aspen Insurance Holdings Limited in a report on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $46.75.

Shares of Aspen Insurance Holdings Limited (NYSE:AHL) opened at 41.05 on Monday. The firm has a market cap of $2.46 billion, a PE ratio of 16.78 and a beta of 0.70. Aspen Insurance Holdings Limited has a 1-year low of $35.05 and a 1-year high of $57.80. The stock’s 50 day moving average is $41.33 and its 200-day moving average is $48.03.

Aspen Insurance Holdings Limited (NYSE:AHL) last announced its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.54). Aspen Insurance Holdings Limited had a return on equity of 3.84% and a net margin of 7.66%. The firm had revenue of $562.00 million during the quarter, compared to analysts’ expectations of $639.57 million. During the same period in the previous year, the company posted $0.40 earnings per share. The company’s quarterly revenue was down 17.5% compared to the same quarter last year. Analysts expect that Aspen Insurance Holdings Limited will post ($2.61) earnings per share for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Aspen Insurance Holdings Limited by 13.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,439 shares of the insurance provider’s stock valued at $122,000 after acquiring an additional 284 shares during the last quarter. Susquehanna International Group LLP bought a new position in Aspen Insurance Holdings Limited during the second quarter valued at approximately $201,000. TLP Group LLC grew its position in Aspen Insurance Holdings Limited by 13.7% during the second quarter. TLP Group LLC now owns 4,094 shares of the insurance provider’s stock valued at $204,000 after acquiring an additional 494 shares during the last quarter. Credit Agricole S A grew its position in Aspen Insurance Holdings Limited by 155.6% during the first quarter. Credit Agricole S A now owns 4,307 shares of the insurance provider’s stock valued at $224,000 after acquiring an additional 2,622 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Aspen Insurance Holdings Limited by 17.9% during the second quarter. PNC Financial Services Group Inc. now owns 4,340 shares of the insurance provider’s stock valued at $216,000 after acquiring an additional 659 shares during the last quarter. Institutional investors and hedge funds own 91.91% of the company’s stock.

Aspen Insurance Holdings Limited 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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