Aspen Insurance Holdings Limited (NYSE:AHL) Position Lowered by Bank of Montreal Can

Bank of Montreal Can cut its position in Aspen Insurance Holdings Limited (NYSE:AHL) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 207,711 shares of the insurance provider’s stock after selling 3,578 shares during the period. Bank of Montreal Can owned about 0.35% of Aspen Insurance Holdings Limited worth $10,354,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of AHL. TLP Group LLC acquired a new stake in Aspen Insurance Holdings Limited during the first quarter worth $187,000. Envestnet Asset Management Inc. increased its stake in Aspen Insurance Holdings Limited by 5.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,833 shares of the insurance provider’s stock worth $212,000 after buying an additional 195 shares during the period. Credit Agricole S A increased its stake in Aspen Insurance Holdings Limited by 155.6% in the first quarter. Credit Agricole S A now owns 4,307 shares of the insurance provider’s stock worth $224,000 after buying an additional 2,622 shares during the period. Quantbot Technologies LP increased its stake in Aspen Insurance Holdings Limited by 3,766.9% in the first quarter. Quantbot Technologies LP now owns 5,375 shares of the insurance provider’s stock worth $279,000 after buying an additional 5,236 shares during the period. Finally, Engineers Gate Manager LP acquired a new stake in Aspen Insurance Holdings Limited during the first quarter worth $297,000. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Aspen Insurance Holdings Limited (NYSE:AHL) traded up 0.54% during trading on Friday, hitting $46.75. 321,642 shares of the company were exchanged. Aspen Insurance Holdings Limited has a 12 month low of $44.05 and a 12 month high of $57.80. The stock’s 50-day moving average is $49.53 and its 200-day moving average is $51.82. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 19.11 and a beta of 0.72.

Aspen Insurance Holdings Limited (NYSE:AHL) last announced its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by $0.54. Aspen Insurance Holdings Limited had a net margin of 7.66% and a return on equity of 3.84%. The company had revenue of $562 million for the quarter, compared to analyst estimates of $639.57 million. During the same quarter in the prior year, the business earned $0.40 earnings per share. Aspen Insurance Holdings Limited’s revenue was down 17.5% on a year-over-year basis. Equities research analysts anticipate that Aspen Insurance Holdings Limited will post $3.02 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Monday, August 14th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Thursday, August 10th. Aspen Insurance Holdings Limited’s dividend payout ratio is presently 39.67%.

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AHL has been the subject of a number of recent analyst reports. TheStreet cut shares of Aspen Insurance Holdings Limited from a “b” rating to a “c” rating in a research note on Thursday, July 27th. Barclays PLC dropped their price target on shares of Aspen Insurance Holdings Limited from $54.00 to $49.00 and set an “equal weight” rating for the company in a research note on Thursday, July 27th. Zacks Investment Research raised shares of Aspen Insurance Holdings Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Deutsche Bank AG lifted their price target on shares of Aspen Insurance Holdings Limited from $53.00 to $55.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Finally, UBS AG reaffirmed a “neutral” rating and set a $52.00 price target (down from $54.00) on shares of Aspen Insurance Holdings Limited in a research note on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Aspen Insurance Holdings Limited has an average rating of “Hold” and a consensus price target of $54.50.

About Aspen Insurance Holdings Limited

Aspen Insurance Holdings Limited is a holding company. The Company underwrites specialty insurance and reinsurance on a global basis. It manages its business as two business segments: Aspen Insurance and Aspen Reinsurance (Aspen Re). The reinsurance segment consists of property catastrophe reinsurance (including the business written through Aspen Capital Markets), other property reinsurance (risk excess, pro rata and facultative), casualty reinsurance (U.S.

Institutional Ownership by Quarter for Aspen Insurance Holdings Limited (NYSE:AHL)

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