NWQ Investment Management Company LLC bought a new stake in shares of Aspen Insurance Holdings Limited (NYSE:AHL) in the fourth quarter, HoldingsChannel.com reports. The firm bought 1,203,100 shares of the insurance provider’s stock, valued at approximately $48,846,000.
A number of other institutional investors have also recently made changes to their positions in the stock. Franklin Resources Inc. raised its position in Aspen Insurance by 115.9% in the 4th quarter. Franklin Resources Inc. now owns 1,765,951 shares of the insurance provider’s stock valued at $71,697,000 after purchasing an additional 948,118 shares in the last quarter. Deprince Race & Zollo Inc. raised its position in Aspen Insurance by 215.5% in the 4th 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 in the last quarter. Citadel Advisors LLC raised its position in Aspen Insurance by 71.0% in the 3rd 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 in the last quarter. Donald Smith & CO. Inc. raised its position in Aspen Insurance by 91.0% in the 3rd quarter. Donald Smith & CO. Inc. now owns 1,227,032 shares of the insurance provider’s stock valued at $49,572,000 after purchasing an additional 584,503 shares in the last quarter. Finally, American Century Companies Inc. acquired a new stake in Aspen Insurance in the 4th quarter valued at about $22,061,000. Institutional investors own 98.12% of the company’s stock.
Shares of Aspen Insurance Holdings Limited (AHL) opened at $41.10 on Tuesday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.20. Aspen Insurance Holdings Limited has a 12-month low of $34.80 and a 12-month high of $55.25.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Friday, February 23rd will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Thursday, February 22nd. Aspen Insurance’s dividend payout ratio (DPR) is presently -18.11%.
A number of equities research analysts have issued reports on the company. Zacks Investment Research raised Aspen Insurance from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th. ValuEngine lowered Aspen Insurance from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Barclays reduced their price target on Aspen Insurance from $43.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, January 26th. Finally, UBS Group cut their target price on Aspen Insurance from $43.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, January 26th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $45.75.
Aspen Insurance 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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