Factorial Partners LLC reduced its stake in shares of Aspen Insurance Holdings Limited (NYSE:AHL) by 31.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,600 shares of the insurance provider’s stock after selling 6,700 shares during the quarter. Factorial Partners LLC’s holdings in Aspen Insurance were worth $610,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. S. Muoio & CO. LLC acquired a new position in Aspen Insurance in the 3rd quarter worth approximately $3,344,000. Candriam Luxembourg S.C.A. acquired a new position in Aspen Insurance in the 3rd quarter worth approximately $4,456,000. First Interstate Bank increased its holdings in Aspen Insurance by 24.5% in the 3rd quarter. First Interstate Bank now owns 7,375 shares of the insurance provider’s stock worth $308,000 after buying an additional 1,450 shares during the period. JPMorgan Chase & Co. increased its holdings in Aspen Insurance by 2,064.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,837,662 shares of the insurance provider’s stock worth $76,815,000 after buying an additional 1,752,752 shares during the period. Finally, SG Americas Securities LLC increased its holdings in Aspen Insurance by 106.8% in the 3rd quarter. SG Americas Securities LLC now owns 65,243 shares of the insurance provider’s stock worth $2,727,000 after buying an additional 33,695 shares during the period. 91.18% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Aspen Insurance from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. Deutsche Bank increased their price target 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. Buckingham Research downgraded shares of Aspen Insurance from a “buy” rating to a “neutral” rating and cut their price target for the stock from $46.00 to $42.75 in a report on Monday, September 10th. Finally, ValuEngine upgraded shares of Aspen Insurance from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Aspen Insurance currently has an average rating of “Hold” and a consensus price target of $42.55.
Aspen Insurance (NYSE:AHL) last issued its quarterly earnings results on Wednesday, October 24th. The insurance provider reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.24). The business had revenue of $670.50 million during the quarter. Aspen Insurance had a negative return on equity of 1.27% and a negative net margin of 8.02%. On average, sell-side analysts anticipate that Aspen Insurance Holdings Limited will post 2.8 earnings per share for the current year.
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About Aspen Insurance
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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