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Aspen Insurance Holdings Limited (AHL) Holdings Boosted by Systematic Financial Management LP

September 9, 2017 2:10 PM
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Aspen Insurance Holdings Limited (AHL) Holdings Boosted by Systematic Financial Management LP

Systematic Financial Management LP grew its holdings in shares of Aspen Insurance Holdings Limited (NYSE:AHL) by 16.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 378,311 shares of the insurance provider’s stock after purchasing an additional 53,395 shares during the period. Systematic Financial Management LP owned approximately 0.63% of Aspen Insurance Holdings Limited worth $18,859,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Aspen Insurance Holdings Limited by 6,809.4% in the 1st quarter. BlackRock Inc. now owns 4,955,473 shares of the insurance provider’s stock worth $257,934,000 after acquiring an additional 4,883,752 shares during the period. State Street Corp grew its holdings in shares of Aspen Insurance Holdings Limited by 5.7% in the 1st quarter. State Street Corp now owns 1,913,208 shares of the insurance provider’s stock worth $99,582,000 after acquiring an additional 103,520 shares during the period. Frontier Capital Management Co. LLC grew its holdings in shares of Aspen Insurance Holdings Limited by 1.0% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,668,049 shares of the insurance provider’s stock worth $83,152,000 after acquiring an additional 17,128 shares during the period. AQR Capital Management LLC grew its holdings in shares of Aspen Insurance Holdings Limited by 7.9% in the 1st quarter. AQR Capital Management LLC now owns 1,336,980 shares of the insurance provider’s stock worth $69,590,000 after acquiring an additional 98,233 shares during the period. Finally, Pzena Investment Management LLC grew its holdings in shares of Aspen Insurance Holdings Limited by 4.8% in the 2nd quarter. Pzena Investment Management LLC now owns 1,094,283 shares of the insurance provider’s stock worth $54,550,000 after acquiring an additional 49,971 shares during the period. Institutional investors own 91.92% of the company’s stock.

AHL has been the topic of a number of research reports. Barclays PLC lowered their price target on Aspen Insurance Holdings Limited from $54.00 to $49.00 and set an “equal weight” rating on the stock in a report on Thursday, July 27th. UBS AG restated a “neutral” rating and issued a $52.00 price target (down previously from $54.00) on shares of Aspen Insurance Holdings Limited in a report on Tuesday, August 1st. BidaskClub cut Aspen Insurance Holdings Limited from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded Aspen Insurance Holdings Limited from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, TheStreet cut Aspen Insurance Holdings Limited from a “b” rating to a “c” rating in a report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $54.50.

Shares of Aspen Insurance Holdings Limited (NYSE:AHL) opened at 38.15 on Friday. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 15.60 and a beta of 0.73. Aspen Insurance Holdings Limited has a 1-year low of $35.05 and a 1-year high of $57.80. The company has a 50-day moving average price of $46.83 and a 200-day moving average price of $50.59.

Aspen Insurance Holdings Limited (NYSE:AHL) last posted its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $0.47 earnings per share (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 company’s quarterly revenue was down 17.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 EPS. On average, equities analysts expect that Aspen Insurance Holdings Limited will post $2.67 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Monday, August 14th were given a $0.24 dividend. The ex-dividend date was Thursday, August 10th. This represents a $0.96 annualized dividend and a yield of 2.52%. Aspen Insurance Holdings Limited’s dividend payout ratio (DPR) is 39.67%.

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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Source: dispatchtribunal.com

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