Comerica Bank grew its position in Aspen Insurance Holdings Limited (NYSE:AHL) by 18.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,663 shares of the insurance provider’s stock after purchasing an additional 20,104 shares during the quarter. Comerica Bank owned approximately 0.21% of Aspen Insurance worth $5,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of AHL. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Aspen Insurance by 13.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,439 shares of the insurance provider’s stock worth $122,000 after purchasing an additional 284 shares during the period. Susquehanna International Group LLP bought a new position in shares of Aspen Insurance in the second quarter worth approximately $201,000. TLP Group LLC boosted its position in shares of Aspen Insurance by 13.7% in the second quarter. TLP Group LLC now owns 4,094 shares of the insurance provider’s stock worth $204,000 after purchasing an additional 494 shares during the period. Quantitative Systematic Strategies LLC bought a new position in shares of Aspen Insurance in the third quarter worth approximately $204,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Aspen Insurance by 17.9% during the second 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 during the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.
A number of brokerages recently weighed in on AHL. UBS dropped their target price on shares of Aspen Insurance from $45.00 to $43.00 and set a “neutral” rating for the company in a research report on Monday, October 2nd. Buckingham Research upped their target price on shares of Aspen Insurance from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, October 5th. Zacks Investment Research upgraded shares of Aspen Insurance from a “strong sell” rating to a “hold” rating in a research report on Monday, October 30th. Barclays dropped their target price on shares of Aspen Insurance from $49.00 to $43.00 and set an “equal weight” rating for the company in a research report on Monday, October 16th. Finally, ValuEngine lowered shares of Aspen Insurance from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Aspen Insurance has a consensus rating of “Hold” and a consensus target price of $46.75.
Aspen Insurance Holdings Limited (AHL) traded down $0.70 during trading on Thursday, reaching $41.15. 856,633 shares of the company were exchanged, compared to its average volume of 426,438. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.21. Aspen Insurance Holdings Limited has a 52 week low of $35.05 and a 52 week 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, beating the Zacks’ consensus estimate of ($5.07) by $0.29. The company had revenue of $652.50 million for the quarter, compared to the consensus estimate of $626.56 million. Aspen Insurance had a negative net margin of 6.00% and a negative return on equity of 5.68%. Aspen Insurance’s revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.97 earnings per share. equities research analysts predict that Aspen Insurance Holdings Limited will post -3.2 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Investors of record on Friday, November 10th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date was Thursday, November 9th. Aspen Insurance’s payout ratio is -27.75%.
In related news, CEO Stephen Postlewhite sold 1,200 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $41.62, for a total transaction of $49,944.00. Following the sale, the chief executive officer now owns 39,321 shares of the company’s stock, valued at $1,636,540.02. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.34% of the stock is owned by corporate insiders.
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Aspen Insurance 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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