Citadel Advisors LLC cut its holdings in Aspen Insurance Holdings Limited (NYSE:AHL) by 93.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 94,793 shares of the insurance provider’s stock after selling 1,351,438 shares during the period. Citadel Advisors LLC’s holdings in Aspen Insurance were worth $3,848,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in AHL. Royal Bank of Canada boosted its holdings in Aspen Insurance by 24.8% in the 2nd quarter. Royal Bank of Canada now owns 8,232 shares of the insurance provider’s stock worth $411,000 after buying an additional 1,634 shares during the period. Janus Henderson Group PLC bought a new position in Aspen Insurance in the 2nd quarter worth approximately $2,677,000. The Manufacturers Life Insurance Company purchased a new stake in Aspen Insurance in the 2nd quarter worth approximately $4,390,000. Dynamic Technology Lab Private Ltd purchased a new stake in Aspen Insurance in the 2nd quarter worth approximately $354,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in Aspen Insurance in the 3rd quarter worth approximately $204,000. 94.29% of the stock is owned by institutional investors.
Shares of Aspen Insurance Holdings Limited (NYSE AHL) opened at $36.00 on Friday. Aspen Insurance Holdings Limited has a 52 week low of $35.05 and a 52 week high of $57.55. The company has a quick ratio of 0.71, a current ratio of 0.53 and a debt-to-equity ratio of 0.20. The stock has a market cap of $2,140.00, a P/E ratio of -7.03 and a beta of 0.59.
Aspen Insurance (NYSE:AHL) last posted its earnings results on Wednesday, February 7th. The insurance provider reported ($3.14) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($3.46) by $0.32. Aspen Insurance had a negative net margin of 10.80% and a negative return on equity of 11.61%. 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 company posted ($0.34) EPS. The business’s revenue for the quarter was down 16.6% compared to the same quarter last year. equities analysts anticipate that Aspen Insurance Holdings Limited will post 3.7 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Friday, February 23rd will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Thursday, February 22nd. Aspen Insurance’s dividend payout ratio is presently -18.75%.
Several research firms have issued reports on AHL. Zacks Investment Research cut shares of Aspen Insurance from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 27th. ValuEngine cut shares of Aspen Insurance from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Barclays lowered their target price on shares of Aspen Insurance from $43.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, January 26th. Finally, UBS Group lowered their target price on shares of Aspen Insurance from $43.00 to $42.00 and set a “neutral” rating on the stock in a research note on Friday, January 26th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $45.75.
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Aspen Insurance 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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