Aspen Insurance (NYSE:AHL) had its price target boosted by analysts at Deutsche Bank from $40.00 to $42.00 in a note issued to investors on Wednesday. The brokerage presently has a “hold” rating on the insurance provider’s stock. Deutsche Bank’s price objective indicates a potential upside of 1.82% from the company’s previous close.
Several other equities research analysts have also issued reports on the stock. ValuEngine upgraded shares of Aspen Insurance from a “hold” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research downgraded shares of Aspen Insurance from a “buy” rating to a “hold” rating in a research report on Monday, July 16th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Aspen Insurance has an average rating of “Hold” and an average target price of $43.20.
Shares of AHL stock opened at $41.25 on Wednesday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.16. Aspen Insurance has a 1 year low of $34.80 and a 1 year high of $46.10. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of -6.26 and a beta of 0.37.
Aspen Insurance (NYSE:AHL) last issued its quarterly earnings results on Wednesday, August 1st. The insurance provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.01. Aspen Insurance had a negative net margin of 18.11% and a negative return on equity of 11.73%. The firm had revenue of $519.50 million for the quarter, compared to analyst estimates of $536.00 million. During the same period in the previous year, the business earned $0.47 EPS. The company’s revenue was down 7.6% compared to the same quarter last year. research analysts expect that Aspen Insurance will post 2.7 EPS for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in AHL. Point72 Asia Hong Kong Ltd bought a new position in shares of Aspen Insurance in the 1st quarter valued at about $156,000. Summit Trail Advisors LLC grew its position in shares of Aspen Insurance by 3,176.1% in the 1st quarter. Summit Trail Advisors LLC now owns 226,410 shares of the insurance provider’s stock valued at $226,000 after acquiring an additional 219,499 shares during the period. Vident Investment Advisory LLC bought a new position in shares of Aspen Insurance in the 2nd quarter valued at about $235,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Aspen Insurance in the 2nd quarter valued at about $245,000. Finally, Parametrica Management Ltd bought a new position in shares of Aspen Insurance in the 1st quarter valued at about $269,000. 97.25% of the stock is owned by institutional investors.
Aspen Insurance Company Profile
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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