LSV Asset Management cut its stake in Aspen Insurance Holdings Limited (NYSE:AHL) by 0.5% in the fourth quarter, Holdings Channel reports. The fund owned 347,306 shares of the insurance provider’s stock after selling 1,900 shares during the quarter. LSV Asset Management’s holdings in Aspen Insurance were worth $14,100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in AHL. Deprince Race & Zollo Inc. lifted its position in Aspen Insurance by 215.5% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,369,269 shares of the insurance provider’s stock valued at $55,592,000 after acquiring an additional 935,244 shares during the last quarter. Citadel Advisors LLC lifted its position in Aspen Insurance by 71.0% in the third quarter. Citadel Advisors LLC now owns 1,446,231 shares of the insurance provider’s stock valued at $58,428,000 after acquiring an additional 600,265 shares during the last quarter. Pzena Investment Management LLC lifted its position in Aspen Insurance by 54.2% in the third quarter. Pzena Investment Management LLC now owns 1,687,551 shares of the insurance provider’s stock valued at $68,177,000 after acquiring an additional 593,268 shares during the last quarter. Donald Smith & CO. Inc. lifted its position in Aspen Insurance by 91.0% in the third quarter. Donald Smith & CO. Inc. now owns 1,227,032 shares of the insurance provider’s stock valued at $49,572,000 after acquiring an additional 584,503 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in Aspen Insurance by 216.7% in the third quarter. First Trust Advisors LP now owns 747,345 shares of the insurance provider’s stock valued at $30,193,000 after acquiring an additional 511,397 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Stephen Postlewhite sold 1,200 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $41.62, for a total value of $49,944.00. Following the completion of the sale, the chief executive officer now directly owns 39,321 shares of the company’s stock, valued at $1,636,540.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.34% of the stock is currently owned by corporate insiders.
Aspen Insurance (NYSE:AHL) last announced its earnings results on Wednesday, February 7th. The insurance provider reported ($3.14) EPS for the quarter, beating analysts’ consensus estimates of ($3.46) by $0.32. Aspen Insurance had a negative net margin of 10.80% and a negative return on equity of 11.61%. The business had revenue of $511.00 million during the quarter, compared to analysts’ expectations of $592.27 million. During the same period in the prior year, the company earned ($0.34) earnings per share. The business’s revenue was down 16.6% compared to the same quarter last year. sell-side analysts anticipate that Aspen Insurance Holdings Limited will post 3.65 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Friday, February 23rd will be issued a $0.24 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.61%. Aspen Insurance’s payout ratio is -18.11%.
A number of equities research analysts recently weighed in on AHL shares. ValuEngine cut shares of Aspen Insurance from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. Barclays reduced their price target on shares of Aspen Insurance from $49.00 to $43.00 and set an “equal weight” rating for the company in a research report on Monday, October 16th. Zacks Investment Research raised shares of Aspen Insurance from a “strong sell” rating to a “hold” rating in a report on Monday, October 30th. Finally, UBS Group reduced their target price on shares of Aspen Insurance from $43.00 to $42.00 and set a “neutral” rating for the company in a report on Friday, January 26th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $45.75.
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About Aspen Insurance
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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