Zacks: Analysts Expect Aspen Insurance Holdings Limited (AHL) Will Post Earnings of $0.19 Per Share

Analysts predict that Aspen Insurance Holdings Limited (NYSE:AHL) will announce $0.19 earnings per share for the current quarter, Zacks reports. Zero analysts have made estimates for Aspen Insurance’s earnings. Aspen Insurance reported earnings per share of ($4.78) during the same quarter last year, which indicates a positive year-over-year growth rate of 104%. The company is scheduled to report its next earnings report after the market closes on Wednesday, October 24th.

According to Zacks, analysts expect that Aspen Insurance will report full-year earnings of $2.70 per share for the current financial year. For the next fiscal year, analysts forecast that the firm will report earnings of $2.95 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Aspen Insurance.

Aspen Insurance (NYSE:AHL) last released its earnings results on Wednesday, August 1st. The insurance provider reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. The firm had revenue of $519.50 million during the quarter, compared to the consensus estimate of $536.00 million. Aspen Insurance had a negative return on equity of 11.73% and a negative net margin of 18.11%. The company’s revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.47 EPS.

A number of research firms have recently weighed in on AHL. Zacks Investment Research upgraded Aspen Insurance from a “sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine downgraded Aspen Insurance from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Deutsche Bank upped their target price on Aspen Insurance from $40.00 to $42.00 and gave the company a “hold” rating in a research report on Wednesday, September 5th. Finally, Buckingham Research downgraded Aspen Insurance from a “buy” rating to a “neutral” rating and cut their target price for the company from $46.00 to $42.75 in a research report on Monday, September 10th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Aspen Insurance currently has an average rating of “Hold” and an average target price of $42.55.

Several institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. raised its holdings in shares of 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 buying an additional 1,255 shares in the last quarter. Quantitative Systematic Strategies LLC raised its holdings in shares of Aspen Insurance by 5.8% during the 2nd quarter. Quantitative Systematic Strategies LLC now owns 30,451 shares of the insurance provider’s stock worth $1,239,000 after buying an additional 1,662 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Aspen Insurance by 37.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 6,151 shares of the insurance provider’s stock worth $257,000 after buying an additional 1,691 shares in the last quarter. Levin Capital Strategies L.P. raised its holdings in shares of Aspen Insurance by 5.0% during the 2nd quarter. Levin Capital Strategies L.P. now owns 39,174 shares of the insurance provider’s stock worth $1,594,000 after buying an additional 1,860 shares in the last quarter. Finally, Xact Kapitalforvaltning AB raised its holdings in shares of Aspen Insurance by 43.6% during the 1st quarter. Xact Kapitalforvaltning AB now owns 7,902 shares of the insurance provider’s stock worth $354,000 after buying an additional 2,400 shares in the last quarter. 97.16% of the stock is owned by institutional investors.

Shares of NYSE:AHL traded up $0.27 during trading on Friday, reaching $41.90. 616,058 shares of the company traded hands, compared to its average volume of 922,853. The company has a market cap of $2.49 billion, a price-to-earnings ratio of -6.36 and a beta of 0.37. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.74 and a current ratio of 0.74. Aspen Insurance has a 52 week low of $34.80 and a 52 week high of $46.10.

About Aspen Insurance

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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