Aspen Insurance Holdings Limited (NYSE:AHL) shares traded up 0.6% on Monday . The company traded as high as $42.60 and last traded at $41.05. 456,285 shares traded hands during trading, a decline of 44% from the average session volume of 810,522 shares. The stock had previously closed at $41.30.
A number of brokerages recently commented on AHL. Zacks Investment Research upgraded shares of Aspen Insurance from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. ValuEngine cut shares of Aspen Insurance from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Barclays dropped their price target on shares of Aspen Insurance from $43.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, January 26th. Finally, UBS Group dropped their price target on shares of Aspen Insurance from $43.00 to $42.00 and set a “neutral” rating on the stock in a research note on Friday, January 26th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Aspen Insurance has a consensus rating of “Hold” and a consensus target price of $45.75.
The stock has a market capitalization of $2,456.28, a P/E ratio of -7.79 and a beta of 0.59. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.20.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Friday, February 23rd will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Thursday, February 22nd. Aspen Insurance’s payout ratio is currently -18.11%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Xact Kapitalforvaltning AB purchased a new stake in Aspen Insurance in the 4th quarter worth approximately $223,000. MetLife Investment Advisors LLC purchased a new stake in Aspen Insurance in the 4th quarter worth approximately $1,526,000. Jump Trading LLC purchased a new stake in Aspen Insurance in the 4th quarter worth approximately $292,000. Metropolitan Life Insurance Co. NY purchased a new stake in Aspen Insurance in the 4th quarter worth approximately $725,000. Finally, Jane Street Group LLC purchased a new stake in Aspen Insurance in the 4th quarter worth approximately $261,000. Institutional investors and hedge funds own 98.12% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This article was posted by Markets Daily and is owned by of Markets Daily. If you are viewing this article on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The correct version of this article can be read at https://www.themarketsdaily.com/2018/03/12/aspen-insurance-ahl-trading-0-6-higher.html.
Aspen Insurance 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.
Receive News & Ratings for Aspen Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aspen Insurance and related companies with MarketBeat.com's FREE daily email newsletter.