Hotchkis & Wiley Capital Management LLC increased its stake in shares of Aspen Insurance Holdings Limited (NYSE:AHL) by 4.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,473 shares of the insurance provider’s stock after buying an additional 3,554 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 0.15% of Aspen Insurance worth $3,574,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Aspen Insurance by 13.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,439 shares of the insurance provider’s stock valued at $122,000 after purchasing an additional 284 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in Aspen Insurance in the second quarter valued at $201,000. TLP Group LLC boosted its holdings in Aspen Insurance by 13.7% in the second quarter. TLP Group LLC now owns 4,094 shares of the insurance provider’s stock valued at $204,000 after purchasing an additional 494 shares during the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in Aspen Insurance in the third quarter valued at $204,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Aspen Insurance by 17.9% in the second quarter. PNC Financial Services Group Inc. now owns 4,340 shares of the insurance provider’s stock valued at $216,000 after purchasing an additional 659 shares during the last quarter. 92.70% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have weighed in on the stock. 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 decreased their price objective 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. ValuEngine downgraded shares of Aspen Insurance from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. Buckingham Research upped their price objective 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. Finally, UBS decreased their price objective 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. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $46.75.
Aspen Insurance Holdings Limited (NYSE:AHL) opened at $41.05 on Monday. Aspen Insurance Holdings Limited has a 1 year low of $35.05 and a 1 year high of $57.80. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.71 and a current ratio of 0.71.
Aspen Insurance (NYSE:AHL) last released its quarterly earnings results on Wednesday, October 25th. The insurance provider reported ($4.78) earnings per share for the quarter, topping the consensus estimate of ($5.07) by $0.29. Aspen Insurance had a negative net margin of 6.00% and a negative return on equity of 5.68%. The firm had revenue of $652.50 million during the quarter, compared to the consensus estimate of $626.56 million. During the same quarter in the prior year, the firm earned $0.97 EPS. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. equities research analysts expect that Aspen Insurance Holdings Limited will post -3.2 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Investors of record on Friday, November 10th were given a dividend of $0.24 per share. The ex-dividend date was Thursday, November 9th. This represents a $0.96 annualized dividend and a dividend yield of 2.34%. Aspen Insurance’s dividend payout ratio (DPR) is presently -27.75%.
In related news, CEO Stephen Postlewhite sold 1,200 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $41.62, for a total transaction of $49,944.00. Following the completion of 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 legal filing with the SEC, which can be accessed through the SEC website. 1.34% of the stock is owned by corporate insiders.
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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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