Virginia Retirement Systems ET AL lessened its position in Aspen Insurance Holdings Limited (NYSE:AHL) by 90.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,000 shares of the insurance provider’s stock after selling 124,900 shares during the period. Virginia Retirement Systems ET AL’s holdings in Aspen Insurance were worth $525,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. Legal & General Group Plc boosted its stake in shares of Aspen Insurance by 7.0% in the 3rd quarter. Legal & General Group Plc now owns 89,048 shares of the insurance provider’s stock valued at $3,599,000 after purchasing an additional 5,831 shares in the last quarter. South Dakota Investment Council raised its holdings in shares of Aspen Insurance by 53.5% in the third quarter. South Dakota Investment Council now owns 72,600 shares of the insurance provider’s stock valued at $2,933,000 after buying an additional 25,300 shares during the last quarter. Donald Smith & CO. Inc. raised its holdings in shares of Aspen Insurance by 91.0% in the third quarter. Donald Smith & CO. Inc. now owns 1,227,032 shares of the insurance provider’s stock valued at $49,572,000 after buying an additional 584,503 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in shares of Aspen Insurance by 273.5% in the third quarter. Dynamic Technology Lab Private Ltd now owns 26,540 shares of the insurance provider’s stock valued at $1,072,000 after buying an additional 19,435 shares during the last quarter. Finally, Cipher Capital LP bought a new position in shares of Aspen Insurance in the third quarter valued at about $236,000. Institutional investors own 92.70% of the company’s stock.
In other Aspen Insurance news, CEO Stephen Postlewhite sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was 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 of the company’s stock, valued at approximately $1,636,540.02. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.34% of the company’s stock.
Aspen Insurance Holdings Limited (NYSE AHL) opened at $41.05 on Monday. 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 Holdings Limited has a 12-month low of $35.05 and a 12-month high of $57.80.
Aspen Insurance (NYSE:AHL) last issued its quarterly earnings data on Wednesday, October 25th. The insurance provider reported ($4.78) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($5.07) by $0.29. Aspen Insurance had a negative return on equity of 5.68% and a negative net margin of 6.00%. The business had revenue of $652.50 million during the quarter, compared to analyst estimates of $626.56 million. During the same period in the previous year, the firm earned $0.97 EPS. Aspen Insurance’s quarterly revenue was down 4.2% compared to the same quarter last year. research analysts predict that Aspen Insurance Holdings Limited will post -3.2 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Shareholders of record on Friday, November 10th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend was Thursday, November 9th. Aspen Insurance’s dividend payout ratio (DPR) is currently -27.75%.
Several brokerages have weighed in on AHL. Buckingham Research began coverage on Aspen Insurance in a report on Monday, September 11th. They set a “buy” rating and a $44.00 price objective for the company. Barclays dropped their price objective on Aspen Insurance from $49.00 to $43.00 and set an “equal weight” rating for the company in a report on Monday, October 16th. Zacks Investment Research raised Aspen Insurance from a “strong sell” rating to a “hold” rating in a report on Monday, October 30th. UBS dropped their price objective on Aspen Insurance from $45.00 to $43.00 and set a “neutral” rating for the company in a report on Monday, October 2nd. Finally, ValuEngine cut Aspen Insurance from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $46.75.
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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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