$0.19 EPS Expected for Aspen Insurance Holdings Limited (AHL) This Quarter

Equities analysts predict that Aspen Insurance Holdings Limited (NYSE:AHL) will report earnings of $0.19 per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Aspen Insurance’s earnings. Aspen Insurance posted earnings per share of ($4.78) during the same quarter last year, which indicates a positive year over year growth rate of 104%. The firm is scheduled to announce its next earnings results after the market closes on Wednesday, October 24th.

On average, analysts expect that Aspen Insurance will report full-year earnings of $2.70 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.95 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Aspen Insurance.

Aspen Insurance (NYSE:AHL) last issued its earnings results on Wednesday, August 1st. The insurance provider reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.01. Aspen Insurance had a negative return on equity of 11.73% and a negative net margin of 18.11%. The firm had revenue of $519.50 million for the quarter, compared to analysts’ expectations of $536.00 million. During the same period in the previous year, the firm posted $0.47 earnings per share. The business’s revenue was down 7.6% compared to the same quarter last year.

Several equities research analysts have recently issued reports on the company. ValuEngine cut Aspen Insurance from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Zacks Investment Research cut Aspen Insurance from a “buy” rating to a “hold” rating in a report on Monday, July 16th. Deutsche Bank lifted their target price on Aspen Insurance from $40.00 to $42.00 and gave the stock a “hold” rating in a report on Wednesday, September 5th. Finally, Buckingham Research cut Aspen Insurance from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $46.00 to $42.75 in a research note on Monday, September 10th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Aspen Insurance currently has an average rating of “Hold” and a consensus target price of $42.55.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bessemer Group Inc. increased its stake in Aspen Insurance by 1.1% during the second quarter. Bessemer Group Inc. now owns 110,541 shares of the insurance provider’s stock worth $4,499,000 after acquiring an additional 1,255 shares during the last quarter. Quantitative Systematic Strategies LLC increased its stake in Aspen Insurance by 5.8% during the second quarter. Quantitative Systematic Strategies LLC now owns 30,451 shares of the insurance provider’s stock worth $1,239,000 after acquiring an additional 1,662 shares during the last quarter. Levin Capital Strategies L.P. increased its stake in Aspen Insurance by 5.0% during the second quarter. Levin Capital Strategies L.P. now owns 39,174 shares of the insurance provider’s stock worth $1,594,000 after acquiring an additional 1,860 shares during the last quarter. Xact Kapitalforvaltning AB increased its stake in Aspen Insurance by 43.6% during the first quarter. Xact Kapitalforvaltning AB now owns 7,902 shares of the insurance provider’s stock worth $354,000 after acquiring an additional 2,400 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Aspen Insurance by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 642,306 shares of the insurance provider’s stock worth $26,141,000 after acquiring an additional 2,620 shares during the last quarter. 97.16% of the stock is currently owned by institutional investors.

Shares of AHL stock opened at $41.79 on Friday. Aspen Insurance has a 12-month low of $34.80 and a 12-month high of $46.10. 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 stock has a market capitalization of $2.49 billion, a PE ratio of -6.34 and a beta of 0.37.

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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