Bank of America Corp DE increased its position in Aspen Insurance Holdings Limited (NYSE:AHL) by 117.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 136,370 shares of the insurance provider’s stock after buying an additional 73,589 shares during the period. Bank of America Corp DE owned about 0.23% of Aspen Insurance worth $5,550,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of AHL. Dynamic Technology Lab Private Ltd bought a new position in Aspen Insurance in the 2nd quarter worth $245,000. Xact Kapitalforvaltning AB boosted its holdings in Aspen Insurance by 43.6% in 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 during the period. Fox Run Management L.L.C. bought a new position in Aspen Insurance in the 2nd quarter worth $466,000. Amalgamated Bank bought a new position in Aspen Insurance in the 2nd quarter worth $480,000. Finally, Stevens Capital Management LP bought a new position in Aspen Insurance in the 2nd quarter worth $484,000. 95.72% of the stock is owned by institutional investors.
Several brokerages recently weighed in on AHL. Zacks Investment Research raised shares of Aspen Insurance from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. Buckingham Research downgraded shares of Aspen Insurance from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $46.00 to $42.75 in a report on Monday, September 10th. Deutsche Bank upped their target price on shares of Aspen Insurance from $40.00 to $42.00 and gave the stock a “hold” rating in a report on Wednesday, September 5th. Finally, ValuEngine raised shares of Aspen Insurance from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $42.55.
Aspen Insurance (NYSE:AHL) last announced its quarterly earnings results on Wednesday, October 24th. The insurance provider reported $0.49 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.24). The company had revenue of $670.50 million during the quarter. Aspen Insurance had a negative return on equity of 11.73% and a negative net margin of 18.11%. As a group, equities analysts expect that Aspen Insurance Holdings Limited will post 2.7 earnings per share for the current fiscal year.
Aspen Insurance Company Profile
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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