Aspen Insurance Holdings Limited (NYSE:ahl) announced a quarterly dividend on Wednesday, April 26th. Stockholders of record on Friday, May 12th will be given a dividend of 0.24 per share by the insurance provider on Tuesday, May 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Wednesday, May 10th. This is a boost from Aspen Insurance Holdings Limited’s previous quarterly dividend of $0.22.
Aspen Insurance Holdings Limited has raised its dividend by an average of 7.0% per year over the last three years and has increased its dividend every year for the last 5 years. Aspen Insurance Holdings Limited has a dividend payout ratio of 28.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Aspen Insurance Holdings Limited to earn $4.13 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 23.2%.
Aspen Insurance Holdings Limited (NYSE:AHL) traded up 0.30% during midday trading on Friday, hitting $50.15. 109,713 shares of the stock were exchanged. The firm’s 50-day moving average price is $51.23 and its 200 day moving average price is $53.35. The firm has a market capitalization of $3.01 billion, a P/E ratio of 22.09 and a beta of 0.65. Aspen Insurance Holdings Limited has a 1-year low of $43.27 and a 1-year high of $57.80.
Aspen Insurance Holdings Limited (NYSE:AHL) last announced its earnings results on Wednesday, April 26th. The insurance provider reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.21. Aspen Insurance Holdings Limited had a net margin of 7.36% and a return on equity of 5.05%. The business had revenue of $581.10 million during the quarter, compared to analysts’ expectations of $686.46 million. During the same period in the prior year, the company earned $1.29 earnings per share. Analysts expect that Aspen Insurance Holdings Limited will post $3.57 earnings per share for the current fiscal year.
A number of equities analysts have weighed in on AHL shares. Zacks Investment Research lowered shares of Aspen Insurance Holdings Limited from a “buy” rating to a “strong sell” rating in a research report on Wednesday, March 8th. Deutsche Bank AG upped their price target on shares of Aspen Insurance Holdings Limited from $53.00 to $55.00 and gave the stock a “hold” rating in a research report on Friday, April 28th.
About Aspen Insurance Holdings Limited
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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