Aspen Insurance (NYSE:AHL) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday.
According to Zacks, “Aspen Insurance Holdings is a Bermudian holding company that provides property and casualty reinsurance in the global market, property and liability insurance principally in the United Kingdom and surplus lines insurance in the United States. Aspen’s operations are conducted through its wholly-owned subsidiaries located in London, Bermuda and the United States: Aspen Insurance UK Limited, Aspen Insurance Limited and Aspen Specialty Insurance Company. “
Several other research firms have also recently weighed in on AHL. ValuEngine cut shares of Aspen Insurance from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. UBS reduced their price target 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. Finally, Barclays reduced their price target on shares of Aspen Insurance from $43.00 to $40.00 and set an “equal weight” 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 company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $45.75.
Aspen Insurance (AHL) traded down $0.30 during trading on Tuesday, hitting $43.70. 509,145 shares of the stock traded hands, compared to its average volume of 817,283. The firm has a market capitalization of $2,509.80, a PE ratio of -8.27 and a beta of 0.59. Aspen Insurance has a 12 month low of $34.80 and a 12 month high of $54.10. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.70 and a quick ratio of 0.70.
Aspen Insurance (NYSE:AHL) last released its quarterly earnings results on Wednesday, February 7th. The insurance provider reported ($3.14) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($3.46) by $0.32. The company had revenue of $511.00 million during the quarter, compared to analysts’ expectations of $592.27 million. Aspen Insurance had a negative net margin of 10.80% and a negative return on equity of 11.61%. The business’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.34) earnings per share. equities research analysts forecast that Aspen Insurance will post 3.7 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue bought a new stake in shares of Aspen Insurance in the fourth quarter worth $174,000. CHICAGO TRUST Co NA bought a new stake in shares of Aspen Insurance in the fourth quarter worth $204,000. First Interstate Bank bought a new stake in shares of Aspen Insurance in the fourth quarter worth $217,000. Xact Kapitalforvaltning AB bought a new stake in shares of Aspen Insurance in the fourth quarter worth $223,000. Finally, Cipher Capital LP bought a new stake in shares of Aspen Insurance in the third quarter worth $236,000. 98.12% of the stock is currently owned by institutional investors and hedge funds.
Aspen Insurance Company Profile
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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