Barclays PLC Trims Aspen Insurance Holdings Limited (AHL) Target Price to $43.00

Aspen Insurance Holdings Limited (NYSE:AHL) had its price objective lowered by Barclays PLC from $49.00 to $43.00 in a report published on Monday. The firm currently has an equal weight rating on the insurance provider’s stock.

AHL has been the topic of a number of other 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. Zacks Investment Research cut shares of Aspen Insurance Holdings Limited from a hold rating to a sell rating in a research note on Monday, July 17th. Buckingham Research assumed coverage on shares of Aspen Insurance Holdings Limited in a research note on Monday, September 11th. They issued a buy rating and a $44.00 price objective on the stock. BidaskClub raised shares of Aspen Insurance Holdings Limited from a strong sell rating to a sell rating in a research note on Friday, July 7th. Finally, UBS AG decreased their price objective on shares of Aspen Insurance Holdings Limited from $45.00 to $43.00 and set a neutral rating on the stock in a research note on Monday, October 2nd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $46.75.

Shares of Aspen Insurance Holdings Limited (NYSE AHL) opened at 41.70 on Monday. The company’s 50-day moving average price is $41.15 and its 200-day moving average price is $47.83. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 17.05 and a beta of 0.70. Aspen Insurance Holdings Limited has a 52-week low of $35.05 and a 52-week high of $57.80.

Aspen Insurance Holdings Limited (NYSE:AHL) last announced its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.54). The firm had revenue of $562.00 million during the quarter, compared to the consensus estimate of $639.57 million. Aspen Insurance Holdings Limited had a net margin of 7.66% and a return on equity of 3.84%. The business’s revenue was down 17.5% compared to the same quarter last year. During the same period last year, the business earned $0.40 earnings per share. Equities research analysts forecast that Aspen Insurance Holdings Limited will post ($2.98) EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Aspen Insurance Holdings Limited by 13.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,439 shares of the insurance provider’s stock worth $122,000 after buying an additional 284 shares during the last quarter. Susquehanna International Group LLP bought a new stake in shares of Aspen Insurance Holdings Limited during the second quarter worth $201,000. TLP Group LLC grew its stake in shares of Aspen Insurance Holdings Limited by 13.7% during the second quarter. TLP Group LLC now owns 4,094 shares of the insurance provider’s stock worth $204,000 after buying an additional 494 shares during the last quarter. Credit Agricole S A grew its stake in shares of Aspen Insurance Holdings Limited by 155.6% during 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 last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Aspen Insurance Holdings Limited by 17.9% during the second quarter. PNC Financial Services Group Inc. now owns 4,340 shares of the insurance provider’s stock worth $216,000 after buying an additional 659 shares during the last quarter. 91.91% of the stock is currently owned by hedge funds and other institutional investors.

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.

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