Buckingham Research Initiates Coverage on Aspen Insurance Holdings Limited (AHL)

Equities research analysts at Buckingham Research started coverage on shares of Aspen Insurance Holdings Limited (NYSE:AHL) in a research note issued to investors on Monday. The firm set a “buy” rating and a $44.00 price target on the insurance provider’s stock. Buckingham Research’s price target indicates a potential upside of 15.33% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. BidaskClub upgraded shares of Aspen Insurance Holdings Limited from a “strong sell” rating to a “sell” rating in a research report on Friday, July 7th. Zacks Investment Research cut shares of Aspen Insurance Holdings Limited from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. UBS AG reissued a “neutral” rating and issued a $52.00 price objective (down from $54.00) on shares of Aspen Insurance Holdings Limited in a research note on Tuesday, August 1st. TheStreet cut shares of Aspen Insurance Holdings Limited from a “b” rating to a “c” rating in a research note on Thursday, July 27th. Finally, Barclays PLC cut their target price on shares of Aspen Insurance Holdings Limited from $54.00 to $49.00 and set an “equal weight” rating for the company in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $52.40.

Aspen Insurance Holdings Limited (NYSE AHL) traded up 9.04% during trading on Monday, hitting $41.60. 533,175 shares of the stock were exchanged. The stock has a market cap of $2.49 billion, a P/E ratio of 17.01 and a beta of 0.73. Aspen Insurance Holdings Limited has a 52 week low of $35.05 and a 52 week high of $57.80. The stock has a 50 day moving average of $46.69 and a 200-day moving average of $50.50.

Aspen Insurance Holdings Limited (NYSE:AHL) last announced its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $0.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.01 by $0.54. The business had revenue of $562 million during the quarter, compared to analysts’ expectations of $639.57 million. Aspen Insurance Holdings Limited had a return on equity of 3.84% and a net margin of 7.66%. Aspen Insurance Holdings Limited’s revenue for the quarter was down 17.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.40 EPS. Equities analysts expect that Aspen Insurance Holdings Limited will post $2.67 EPS for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in AHL. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Aspen Insurance Holdings Limited by 13.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,439 shares of the insurance provider’s stock worth $122,000 after acquiring an additional 284 shares during the last quarter. TLP Group LLC bought a new stake in shares of Aspen Insurance Holdings Limited in the 1st quarter worth about $187,000. Susquehanna International Group LLP bought a new stake in shares of Aspen Insurance Holdings Limited in the 2nd quarter worth about $201,000. PNC Financial Services Group Inc. lifted its holdings in shares of Aspen Insurance Holdings Limited by 17.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,340 shares of the insurance provider’s stock worth $216,000 after acquiring an additional 659 shares during the last quarter. Finally, Credit Agricole S A lifted its holdings in shares of Aspen Insurance Holdings Limited by 155.6% in the 1st quarter. Credit Agricole S A now owns 4,307 shares of the insurance provider’s stock worth $224,000 after acquiring an additional 2,622 shares during the last quarter. Institutional investors and hedge funds own 91.92% of the company’s stock.

Aspen Insurance Holdings Limited 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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