UBS Asset Management Americas Inc. cut its position in shares of Aspen Insurance Holdings Limited (NYSE:AHL) by 12.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 60,839 shares of the insurance provider’s stock after selling 8,704 shares during the quarter. UBS Asset Management Americas Inc. owned 0.10% of Aspen Insurance worth $2,470,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of AHL. State of Alaska Department of Revenue acquired a new position in shares of Aspen Insurance during the 4th quarter valued at $174,000. CHICAGO TRUST Co NA acquired a new position in shares of Aspen Insurance during the 4th quarter valued at $204,000. Cipher Capital LP acquired a new position in shares of Aspen Insurance during the 3rd quarter valued at $236,000. Public Employees Retirement Association of Colorado increased its position in shares of Aspen Insurance by 229.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 6,163 shares of the insurance provider’s stock valued at $250,000 after purchasing an additional 4,294 shares during the period. Finally, ING Groep NV increased its position in shares of Aspen Insurance by 22.3% during the 4th quarter. ING Groep NV now owns 8,964 shares of the insurance provider’s stock valued at $364,000 after purchasing an additional 1,635 shares during the period. Institutional investors own 98.12% of the company’s stock.
Aspen Insurance Holdings Limited (NYSE AHL) opened at $42.20 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $2,468.17, a price-to-earnings ratio of -7.96 and a beta of 0.59. Aspen Insurance Holdings Limited has a 1-year low of $34.80 and a 1-year high of $54.65.
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Friday, February 23rd were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend was Thursday, February 22nd. Aspen Insurance’s payout ratio is -18.11%.
Several equities analysts have recently issued reports on AHL shares. Zacks Investment Research upgraded Aspen Insurance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. UBS decreased their target price on Aspen Insurance from $43.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday, January 26th. Barclays decreased their target price on Aspen Insurance from $43.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, January 26th. Finally, ValuEngine cut Aspen Insurance from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $45.75.
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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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