Robeco Institutional Asset Management B.V. Has $5,297,000 Position in Aspen Insurance Holdings Ltd. (AHL)
Robeco Institutional Asset Management B.V. continued to hold its stake in shares of Aspen Insurance Holdings Ltd. (NYSE:AHL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 114,196 shares of the company’s stock at the end of the second quarter. Robeco Institutional Asset Management B.V.’s holdings in Aspen Insurance Holdings were worth $5,297,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in shares of Aspen Insurance Holdings by 16.8% in the first quarter. Envestnet Asset Management Inc. now owns 3,336 shares of the company’s stock worth $159,000 after buying an additional 481 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of Aspen Insurance Holdings by 71.9% in the second quarter. LS Investment Advisors LLC now owns 3,645 shares of the company’s stock worth $169,000 after buying an additional 1,524 shares in the last quarter. Pacad Investment Ltd. acquired a new stake in shares of Aspen Insurance Holdings during the first quarter worth about $258,000. Fox Run Management L.L.C. acquired a new stake in shares of Aspen Insurance Holdings during the first quarter worth about $301,000. Finally, BlackRock Japan Co. Ltd acquired a new stake in shares of Aspen Insurance Holdings during the first quarter worth about $305,000. 94.47% of the stock is owned by hedge funds and other institutional investors.
Shares of Aspen Insurance Holdings Ltd. (NYSE:AHL) traded down 1.34% during midday trading on Friday, reaching $44.08. The company’s stock had a trading volume of 429,588 shares. The company has a market capitalization of $2.65 billion, a P/E ratio of 9.57 and a beta of 0.74. The stock’s 50-day moving average is $45.60 and its 200-day moving average is $46.20. Aspen Insurance Holdings Ltd. has a one year low of $40.34 and a one year high of $51.53.
Aspen Insurance Holdings (NYSE:AHL) last announced its earnings results on Wednesday, July 27th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by $0.29. Aspen Insurance Holdings had a net margin of 11.89% and a return on equity of 7.90%. The firm had revenue of $680.80 million for the quarter, compared to analyst estimates of $677.80 million. During the same period in the previous year, the company earned $0.99 EPS. Aspen Insurance Holdings’s revenue was up 11.7% compared to the same quarter last year. On average, equities analysts expect that Aspen Insurance Holdings Ltd. will post $3.65 earnings per share for the current fiscal year.
The company also recently announced 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 of this dividend was Wednesday, August 10th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.00%. Aspen Insurance Holdings’s payout ratio is currently 19.05%.
Separately, Zacks Investment Research raised Aspen Insurance Holdings from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Tuesday, June 28th.
In other news, CEO Kane Christopher O sold 11,500 shares of the company’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 completion of the sale, the chief executive officer now directly owns 277,889 shares in the company, valued at $12,574,477.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.50% of the company’s stock.
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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