Parkwood LLC Sells 1,613 Shares of Aspen Insurance Holdings Ltd. (AHL)
Parkwood LLC cut its stake in Aspen Insurance Holdings Ltd. (NYSE:AHL) by 14.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,326 shares of the company’s stock after selling 1,613 shares during the period. Parkwood LLC’s holdings in Aspen Insurance Holdings were worth $433,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in AHL. Renaissance Technologies LLC boosted its position in shares of Aspen Insurance Holdings by 29.9% in the first quarter. Renaissance Technologies LLC now owns 798,000 shares of the company’s stock valued at $38,065,000 after buying an additional 183,900 shares during the last quarter. BlackRock Group LTD boosted its position in shares of Aspen Insurance Holdings by 42.9% in the first quarter. BlackRock Group LTD now owns 51,594 shares of the company’s stock valued at $2,461,000 after buying an additional 15,477 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Aspen Insurance Holdings during the first quarter valued at approximately $301,000. Teachers Advisors Inc. boosted its position in shares of Aspen Insurance Holdings by 5.3% in the first quarter. Teachers Advisors Inc. now owns 412,068 shares of the company’s stock valued at $19,656,000 after buying an additional 20,890 shares during the last quarter. Finally, M&T Bank Corp purchased a new position in shares of Aspen Insurance Holdings during the first quarter valued at approximately $389,000. 94.47% of the stock is currently owned by institutional investors.
Aspen Insurance Holdings Ltd. (NYSE:AHL) traded down 1.34% during mid-day trading on Friday, hitting $44.08. 429,588 shares of the company traded hands. Aspen Insurance Holdings Ltd. has a one year low of $40.34 and a one year high of $51.53. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 9.57 and a beta of 0.74. The company’s 50-day moving average price is $45.60 and its 200 day moving average price is $46.20.
Aspen Insurance Holdings (NYSE:AHL) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by $0.29. The firm had revenue of $680.80 million for the quarter, compared to the consensus estimate of $677.80 million. Aspen Insurance Holdings had a return on equity of 7.90% and a net margin of 11.89%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.99 earnings per share. On average, analysts anticipate that Aspen Insurance Holdings Ltd. will post $3.65 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 30th. Shareholders of record on Friday, August 12th were issued a dividend of $0.22 per share. The ex-dividend date was Wednesday, August 10th. This represents a $0.88 annualized dividend and a yield of 2.00%. Aspen Insurance Holdings’s dividend payout ratio is currently 19.05%.
Separately, Zacks Investment Research upgraded shares of Aspen Insurance Holdings from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Tuesday, June 28th.
In other Aspen Insurance Holdings news, CEO Kane Christopher O sold 11,500 shares of the business’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $45.25, for a total transaction of $520,375.00. Following the completion of the sale, the chief executive officer now directly owns 277,889 shares of the company’s stock, valued at approximately $12,574,477.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.50% of the company’s stock.
About Aspen Insurance Holdings
Aspen Insurance Holdings Limited (Aspen Holdings) is a holding company. The Company conducts insurance and reinsurance business through its subsidiaries: Aspen U.K. and AUL, Aspen Bermuda (Bermuda) and Aspen Specialty and AAIC (the United States). It operates in two segments: Aspen Insurance and Aspen Reinsurance (Aspen Re).
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