Prudential Financial Inc. Boosts Position in Aspen Insurance Holdings Ltd. (AHL)
Prudential Financial Inc. boosted its stake in shares of Aspen Insurance Holdings Ltd. (NYSE:AHL) by 1.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 607,080 shares of the company’s stock after buying an additional 5,725 shares during the period. Prudential Financial Inc. owned approximately 1.01% of Aspen Insurance Holdings worth $28,156,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its stake in Aspen Insurance Holdings by 16.8% in the first quarter. Envestnet Asset Management Inc. now owns 3,336 shares of the company’s stock valued at $159,000 after buying an additional 481 shares in the last quarter. LS Investment Advisors LLC raised its stake in Aspen Insurance Holdings by 71.9% in the second quarter. LS Investment Advisors LLC now owns 3,645 shares of the company’s stock valued at $169,000 after buying an additional 1,524 shares in the last quarter. Ifrah Financial Services Inc. raised its stake in Aspen Insurance Holdings by 0.3% in the second quarter. Ifrah Financial Services Inc. now owns 4,536 shares of the company’s stock valued at $210,000 after buying an additional 15 shares in the last quarter. Zweig DiMenna Associates LLC purchased a new stake in Aspen Insurance Holdings during the second quarter valued at about $232,000. Finally, Pacad Investment Ltd. purchased a new stake in Aspen Insurance Holdings during the first quarter valued at about $258,000. 93.97% of the stock is currently owned by institutional investors and hedge funds.
Shares of Aspen Insurance Holdings Ltd. (NYSE:AHL) traded up 0.91% on Thursday, reaching $46.74. The company had a trading volume of 27,090 shares. The firm has a market capitalization of $2.81 billion, a PE ratio of 10.15 and a beta of 0.74. The company’s 50-day moving average is $45.46 and its 200 day moving average is $46.16. Aspen Insurance Holdings Ltd. has a 12 month low of $40.34 and a 12 month high of $51.53.
Aspen Insurance Holdings (NYSE:AHL) last released its earnings results on Wednesday, July 27th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.69 by $0.29. The business earned $680.80 million during the quarter, compared to analyst estimates of $677.80 million. Aspen Insurance Holdings had a net margin of 11.89% and a return on equity of 7.90%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the business earned $0.99 EPS. Equities analysts forecast that Aspen Insurance Holdings Ltd. will post $3.65 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 30th. Shareholders of record on Friday, August 12th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend was Wednesday, August 10th. Aspen Insurance Holdings’s dividend payout ratio (DPR) is currently 19.05%.
Separately, Zacks Investment Research raised Aspen Insurance Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, September 13th.
In other Aspen Insurance Holdings news, CEO Kane Christopher O sold 11,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $45.25, for a total value of $520,375.00. Following the sale, the chief executive officer now owns 277,889 shares of the company’s stock, valued at approximately $12,574,477.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is owned by company insiders.
Aspen Insurance Holdings Company Profile
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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