Zacks Investment Research downgraded shares of Aspen Insurance (NYSE:AHL) from a hold rating to a strong sell rating in a report released on Tuesday.
According to Zacks, “Aspen Insurance Holdings is a Bermudian holding company that provides property and casualty reinsurance in the global market, property and liability insurance principally in the United Kingdom and surplus lines insurance in the United States. Aspen’s operations are conducted through its wholly-owned subsidiaries located in London, Bermuda and the United States: Aspen Insurance UK Limited, Aspen Insurance Limited and Aspen Specialty Insurance Company. “
Several other analysts have also issued reports on the company. UBS cut their price target on Aspen Insurance from $43.00 to $42.00 and set a neutral rating for the company in a report on Friday, January 26th. Barclays cut their price target on Aspen Insurance from $43.00 to $40.00 and set an equal weight rating for the company in a report on Friday, January 26th. Finally, ValuEngine lowered Aspen Insurance from a sell rating to a strong sell rating in a report on Friday, February 2nd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Aspen Insurance currently has an average rating of Hold and a consensus price target of $45.75.
Shares of Aspen Insurance (AHL) opened at $43.80 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.20. Aspen Insurance has a fifty-two week low of $34.80 and a fifty-two week high of $54.10. The company has a market capitalization of $2,509.80, a price-to-earnings ratio of -8.26 and a beta of 0.59.
Aspen Insurance (NYSE:AHL) last issued its quarterly earnings data on Wednesday, February 7th. The insurance provider reported ($3.14) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($3.46) by $0.32. Aspen Insurance had a negative return on equity of 11.61% and a negative net margin of 10.80%. The company had revenue of $511.00 million during the quarter, compared to analyst estimates of $592.27 million. During the same quarter in the previous year, the company posted ($0.34) earnings per share. Aspen Insurance’s revenue was down 16.6% compared to the same quarter last year. analysts forecast that Aspen Insurance will post 3.7 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 13th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.19%. The ex-dividend date was Thursday, February 22nd. Aspen Insurance’s dividend payout ratio is presently -18.11%.
Large investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue bought a new stake in Aspen Insurance during the fourth quarter valued at about $174,000. CHICAGO TRUST Co NA bought a new stake in Aspen Insurance during the fourth quarter valued at about $204,000. First Interstate Bank bought a new stake in Aspen Insurance during the fourth quarter valued at about $217,000. Xact Kapitalforvaltning AB bought a new stake in Aspen Insurance during the fourth quarter valued at about $223,000. Finally, Cipher Capital LP bought a new stake in Aspen Insurance during the third quarter valued at about $236,000. 98.12% of the stock is owned by institutional investors and hedge funds.
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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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