Vulcan Value Partners LLC lowered its stake in shares of Aspen Insurance Holdings Limited (NYSE:AHL) by 55.8% during the second quarter, HoldingsChannel reports. The firm owned 2,049,823 shares of the insurance provider’s stock after selling 2,592,369 shares during the quarter. Vulcan Value Partners LLC’s holdings in Aspen Insurance were worth $83,428,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Point72 Asia Hong Kong Ltd bought a new stake in shares of Aspen Insurance during the 1st quarter worth approximately $156,000. Summit Trail Advisors LLC raised its stake in shares of Aspen Insurance by 3,176.1% during the 1st quarter. Summit Trail Advisors LLC now owns 226,410 shares of the insurance provider’s stock worth $226,000 after purchasing an additional 219,499 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Aspen Insurance during the 2nd quarter worth approximately $245,000. Xact Kapitalforvaltning AB raised its stake in shares of Aspen Insurance by 43.6% during the 1st quarter. Xact Kapitalforvaltning AB now owns 7,902 shares of the insurance provider’s stock worth $354,000 after purchasing an additional 2,400 shares in the last quarter. Finally, First Mercantile Trust Co. increased its holdings in shares of Aspen Insurance by 181.1% during the 1st quarter. First Mercantile Trust Co. now owns 8,330 shares of the insurance provider’s stock worth $374,000 after acquiring an additional 5,367 shares during the last quarter. Institutional investors own 97.25% of the company’s stock.
Shares of AHL stock traded up $0.07 during trading on Friday, reaching $41.32. 8,583 shares of the company’s stock were exchanged, compared to its average volume of 2,272,989. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $2.47 billion, a PE ratio of -6.27 and a beta of 0.37. Aspen Insurance Holdings Limited has a twelve month low of $34.80 and a twelve month high of $46.10.
Aspen Insurance (NYSE:AHL) last posted its earnings results on Wednesday, August 1st. The insurance provider reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The business had revenue of $519.50 million for the quarter, compared to analyst estimates of $536.00 million. Aspen Insurance had a negative return on equity of 11.73% and a negative net margin of 18.11%. The firm’s revenue was down 7.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 EPS. sell-side analysts predict that Aspen Insurance Holdings Limited will post 2.7 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Friday, August 17th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Thursday, August 16th. Aspen Insurance’s payout ratio is presently -14.57%.
A number of research analysts recently weighed in on AHL shares. ValuEngine raised Aspen Insurance from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Zacks Investment Research lowered Aspen Insurance from a “buy” rating to a “hold” rating in a report on Monday, July 16th. Finally, Deutsche Bank boosted their target price on Aspen Insurance from $40.00 to $42.00 and gave the stock a “hold” rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Aspen Insurance currently has an average rating of “Hold” and an average target price of $43.20.
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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