Aspen Insurance Holdings Limited (AHL) Receives $41.69 Consensus Target Price from Analysts

Shares of Aspen Insurance Holdings Limited (NYSE:AHL) have been given an average rating of “Hold” by the six brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $41.69.

Several research firms recently issued reports on AHL. Zacks Investment Research downgraded Aspen Insurance from a “hold” rating to a “sell” rating in a report on Monday. ValuEngine upgraded Aspen Insurance from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Buckingham Research downgraded Aspen Insurance from a “buy” rating to a “neutral” rating and cut their price objective for the company from $46.00 to $42.75 in a report on Monday, September 10th. Finally, Deutsche Bank boosted their price objective on Aspen Insurance from $40.00 to $42.00 and gave the company a “hold” rating in a report on Wednesday, September 5th.

A number of hedge funds and other institutional investors have recently modified their holdings of AHL. Royal Bank of Canada increased its holdings in Aspen Insurance by 37.7% during the 1st quarter. Royal Bank of Canada now owns 22,058 shares of the insurance provider’s stock worth $989,000 after purchasing an additional 6,038 shares during the period. Principal Financial Group Inc. increased its holdings in Aspen Insurance by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 251,769 shares of the insurance provider’s stock worth $11,292,000 after purchasing an additional 5,653 shares during the period. Fox Run Management L.L.C. purchased a new stake in Aspen Insurance during the 2nd quarter worth about $466,000. Amalgamated Bank purchased a new stake in Aspen Insurance during the 2nd quarter worth about $480,000. Finally, Bessemer Group Inc. increased its holdings in Aspen Insurance by 1.1% during the 2nd quarter. Bessemer Group Inc. now owns 110,541 shares of the insurance provider’s stock worth $4,499,000 after purchasing an additional 1,255 shares during the period. Institutional investors own 98.42% of the company’s stock.

Shares of Aspen Insurance stock traded up $0.34 during trading hours on Monday, hitting $41.86. The company’s stock had a trading volume of 1,134,169 shares, compared to its average volume of 918,121. Aspen Insurance has a twelve month low of $34.80 and a twelve month high of $46.10. The firm has a market cap of $2.48 billion, a PE ratio of -6.35 and a beta of 0.29. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.15.

Aspen Insurance (NYSE:AHL) last announced its quarterly earnings results on Wednesday, October 24th. The insurance provider reported $0.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.24). Aspen Insurance had a negative net margin of 8.02% and a negative return on equity of 1.27%. The business had revenue of $670.50 million during the quarter. As a group, equities analysts expect that Aspen Insurance will post 2.7 earnings per share for the current year.

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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