Renaissance Technologies LLC lessened its stake in shares of Aspen Insurance Holdings Limited (NYSE:AHL) by 19.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,143,300 shares of the insurance provider’s stock after selling 271,575 shares during the quarter. Renaissance Technologies LLC owned approximately 1.92% of Aspen Insurance worth $46,418,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP grew its stake in shares of Aspen Insurance by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 5,047,317 shares of the insurance provider’s stock worth $203,910,000 after purchasing an additional 14,840 shares during the last quarter. Frontier Capital Management Co. LLC raised its holdings in shares of Aspen Insurance by 3.5% during the fourth quarter. Frontier Capital Management Co. LLC now owns 2,199,804 shares of the insurance provider’s stock valued at $89,312,000 after purchasing an additional 74,824 shares during the period. Donald Smith & CO. Inc. raised its holdings in shares of Aspen Insurance by 37.1% during the fourth quarter. Donald Smith & CO. Inc. now owns 1,682,029 shares of the insurance provider’s stock valued at $68,290,000 after purchasing an additional 454,997 shares during the period. Citadel Advisors LLC raised its holdings in shares of Aspen Insurance by 71.0% during the third quarter. Citadel Advisors LLC now owns 1,446,231 shares of the insurance provider’s stock valued at $58,428,000 after purchasing an additional 600,265 shares during the period. Finally, Deprince Race & Zollo Inc. raised its holdings in shares of Aspen Insurance by 215.5% during the fourth quarter. Deprince Race & Zollo Inc. now owns 1,369,269 shares of the insurance provider’s stock valued at $55,592,000 after purchasing an additional 935,244 shares during the period. 98.12% of the stock is currently owned by institutional investors.
AHL has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Aspen Insurance from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 30th. ValuEngine downgraded shares of Aspen Insurance from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. UBS reduced their price objective on shares of Aspen Insurance from $43.00 to $42.00 and set a “neutral” rating for the company in a research report on Friday, January 26th. Finally, Barclays cut their price objective on shares of Aspen Insurance from $43.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, January 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $45.75.
NYSE AHL traded down $0.60 on Friday, hitting $44.10. The stock had a trading volume of 1,373,025 shares, compared to its average volume of 935,026. Aspen Insurance Holdings Limited has a 52-week low of $34.80 and a 52-week high of $54.10. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market capitalization of $2,658.49, a PE ratio of -6.69 and a beta of 0.36.
Aspen Insurance (NYSE:AHL) last posted its quarterly earnings data on Wednesday, February 7th. The insurance provider reported ($3.14) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($3.46) by $0.32. The firm had revenue of $511.00 million for the quarter, compared to analysts’ expectations of $592.27 million. Aspen Insurance had a negative net margin of 10.80% and a negative return on equity of 11.61%. The business’s quarterly revenue was down 16.6% on a year-over-year basis. During the same quarter last year, the company posted ($0.34) EPS. research analysts anticipate that Aspen Insurance Holdings Limited will post 3.7 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Friday, February 23rd were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend was Thursday, February 22nd. Aspen Insurance’s dividend payout ratio (DPR) is currently -14.57%.
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About Aspen Insurance
Aspen Insurance Holdings Limited, through its subsidiaries, engages in insurance and reinsurance businesses in the United States and internationally. The company's Aspen Insurance segment offers property and casualty insurance products, including U.S. and U.K. commercial property, commercial liability, U.S.
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