Municipal Employees Retirement System of Michigan Sells 4,750 Shares of Aspen Insurance Holdings Limited (AHL)

Municipal Employees Retirement System of Michigan reduced its stake in shares of Aspen Insurance Holdings Limited (NYSE:AHL) by 17.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,160 shares of the insurance provider’s stock after selling 4,750 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Aspen Insurance Holdings Limited were worth $1,155,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Aspen Insurance Holdings Limited by 6,809.4% in the first quarter. BlackRock Inc. now owns 4,955,473 shares of the insurance provider’s stock valued at $257,934,000 after buying an additional 4,883,752 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Aspen Insurance Holdings Limited during the first quarter valued at about $16,838,000. Citadel Advisors LLC increased its stake in shares of Aspen Insurance Holdings Limited by 27.9% in the first quarter. Citadel Advisors LLC now owns 704,190 shares of the insurance provider’s stock valued at $36,653,000 after buying an additional 153,590 shares in the last quarter. Morgan Stanley increased its stake in shares of Aspen Insurance Holdings Limited by 100.5% in the first quarter. Morgan Stanley now owns 278,486 shares of the insurance provider’s stock valued at $14,496,000 after buying an additional 139,614 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Aspen Insurance Holdings Limited by 5.7% in the first quarter. State Street Corp now owns 1,913,208 shares of the insurance provider’s stock valued at $99,582,000 after buying an additional 103,520 shares in the last quarter. Institutional investors and hedge funds own 90.65% of the company’s stock.

Aspen Insurance Holdings Limited (AHL) opened at 48.45 on Thursday. The company’s 50-day moving average price is $50.10 and its 200 day moving average price is $52.27. Aspen Insurance Holdings Limited has a 52-week low of $44.05 and a 52-week high of $57.80. The stock has a market capitalization of $2.90 billion, a P/E ratio of 19.81 and a beta of 0.72.

Aspen Insurance Holdings Limited (NYSE:AHL) last issued its earnings results on Wednesday, July 26th. The insurance provider reported $0.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by $0.54. The business had revenue of $562 million during the quarter, compared to analyst estimates of $639.57 million. Aspen Insurance Holdings Limited had a return on equity of 3.84% and a net margin of 7.66%. The business’s quarterly revenue was down 17.5% on a year-over-year basis. During the same period last year, the business earned $0.40 EPS. On average, equities research analysts anticipate that Aspen Insurance Holdings Limited will post $3.32 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Monday, August 14th will be given a $0.24 dividend. The ex-dividend date is Thursday, August 10th. This represents a $0.96 annualized dividend and a dividend yield of 1.98%. Aspen Insurance Holdings Limited’s dividend payout ratio (DPR) is presently 39.67%.

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Several analysts have recently issued reports on AHL shares. Deutsche Bank AG upped their price objective on Aspen Insurance Holdings Limited from $53.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Zacks Investment Research upgraded Aspen Insurance Holdings Limited from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. BidaskClub downgraded Aspen Insurance Holdings Limited from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 19th. TheStreet downgraded Aspen Insurance Holdings Limited from a “b” rating to a “c” rating in a research report on Thursday, July 27th. Finally, Barclays PLC reduced their target price on Aspen Insurance Holdings Limited from $54.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock has an average rating of “Hold” and an average price target of $54.50.

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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Institutional Ownership by Quarter for Aspen Insurance Holdings Limited (NYSE:AHL)

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