Short Interest in Aspen Insurance Holdings Limited (AHL) Increases By 60.1%

Aspen Insurance Holdings Limited (NYSE:AHL) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 1,008,332 shares, a growth of 60.1% from the November 30th total of 629,691 shares. Currently, 1.7% of the shares of the company are short sold. Based on an average daily trading volume, of 668,753 shares, the days-to-cover ratio is presently 1.5 days.

AHL has been the topic of several recent research reports. Buckingham Research initiated coverage on shares of Aspen Insurance in a research note on Monday, September 11th. They issued a “buy” rating and a $44.00 price objective on the stock. Barclays dropped their price objective on shares of Aspen Insurance from $49.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Monday, October 16th. Zacks Investment Research raised shares of Aspen Insurance from a “strong sell” rating to a “hold” rating in a research note on Monday, October 30th. UBS Group dropped their price objective on shares of Aspen Insurance from $45.00 to $43.00 and set a “neutral” rating on the stock in a research note on Monday, October 2nd. Finally, ValuEngine cut shares of Aspen Insurance from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $46.75.

Shares of Aspen Insurance (NYSE:AHL) opened at $40.30 on Thursday. The company has a market cap of $2,411.94, a price-to-earnings ratio of -11.65 and a beta of 0.74. Aspen Insurance has a 1 year low of $35.05 and a 1 year high of $57.80. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.71 and a current ratio of 0.71.

Aspen Insurance (NYSE:AHL) last issued its earnings results on Wednesday, October 25th. The insurance provider reported ($4.78) EPS for the quarter, topping the consensus estimate of ($5.07) by $0.29. The company had revenue of $652.50 million for the quarter, compared to analyst estimates of $626.56 million. Aspen Insurance had a negative net margin of 34.93% and a negative return on equity of 31.67%. The business’s revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.97 EPS. sell-side analysts predict that Aspen Insurance will post -3.2 earnings per share for the current fiscal year.

In other Aspen Insurance news, CEO Stephen Postlewhite sold 1,200 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $41.62, for a total value of $49,944.00. Following the transaction, the chief executive officer now directly owns 39,321 shares of the company’s stock, valued at approximately $1,636,540.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.34% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of AHL. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Aspen Insurance by 13.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,439 shares of the insurance provider’s stock worth $122,000 after purchasing an additional 284 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Aspen Insurance during the 2nd quarter worth $201,000. TLP Group LLC boosted its position in shares of Aspen Insurance by 13.7% during the 2nd quarter. TLP Group LLC now owns 4,094 shares of the insurance provider’s stock worth $204,000 after purchasing an additional 494 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in shares of Aspen Insurance during the 3rd quarter worth $204,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Aspen Insurance by 17.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,340 shares of the insurance provider’s stock worth $216,000 after purchasing an additional 659 shares in the last quarter. Institutional investors own 92.64% of the company’s stock.

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Aspen Insurance Company Profile

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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