Aspen Insurance Holdings Limited (AHL) Receives $42.67 Average PT from Brokerages

Shares of Aspen Insurance Holdings Limited (NYSE:AHL) have earned an average recommendation of “Hold” from the seven ratings firms that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $42.67.

AHL has been the subject of a number of research reports. ValuEngine downgraded shares of Aspen Insurance from a “hold” rating to a “sell” rating in a report on Thursday, May 3rd. Zacks Investment Research downgraded shares of Aspen Insurance from a “hold” rating to a “strong sell” rating in a report on Thursday, April 19th.

Hedge funds have recently bought and sold shares of the stock. Point72 Asia Hong Kong Ltd bought a new stake in Aspen Insurance in the first quarter worth about $156,000. State of Alaska Department of Revenue bought a new stake in Aspen Insurance in the fourth quarter worth about $174,000. First Interstate Bank bought a new stake in Aspen Insurance in the fourth quarter worth about $217,000. Xact Kapitalforvaltning AB bought a new stake in Aspen Insurance in the fourth quarter worth about $223,000. Finally, Summit Trail Advisors LLC raised its position in Aspen Insurance by 3,176.1% in the first quarter. Summit Trail Advisors LLC now owns 226,410 shares of the insurance provider’s stock worth $226,000 after acquiring an additional 219,499 shares in the last quarter. 99.04% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:AHL traded up $0.50 during midday trading on Friday, reaching $43.30. The company had a trading volume of 491,850 shares, compared to its average volume of 602,427. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.20. The firm has a market cap of $2.58 billion, a PE ratio of -6.57 and a beta of 0.37. Aspen Insurance has a one year low of $34.80 and a one year high of $52.40.

Aspen Insurance (NYSE:AHL) last issued its quarterly earnings results on Wednesday, May 2nd. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.01). The company had revenue of $533.50 million during the quarter, compared to the consensus estimate of $553.00 million. Aspen Insurance had a negative return on equity of 11.81% and a negative net margin of 13.72%. During the same quarter last year, the firm posted $0.79 EPS. equities research analysts forecast that Aspen Insurance will post 3.3 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 5th. Investors of record on Friday, May 18th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.22%. The ex-dividend date is Thursday, May 17th. Aspen Insurance’s payout ratio is currently -14.57%.

About Aspen Insurance

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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