Frontier Capital Management Co. LLC reduced its position in the shares of Aspen Insurance Holdings Limited (NYSE: AHL) by 72.8% in the third quarter, according to the latest filing with Securities and Exchange Commission (SEC). The fund held 626,923 shares of the insurance company after the sale of 1,680,934 shares in the period. Frontier Capital Management Co. LLC owns approximately 1.05% of Aspen Insurance in the value of $ 26,205,000 from its latest filing with Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have recently changed their positions in society. Vident Investment Advisory LLC bought a new share in Aspen Insurance shares worth $ 235,000 in the second quarter. Dynamic Technology Lab Private Ltd bought a new stake in Aspen Insurance shares worth 245,000 dollars in the second quarter. In the third quarter, the State Revenue Department of Alaska increased its stake in Aspen Insurance by 37.9%. The State Revenue Department of Alaska now owns 6,151 shares of the insurance company's stock worth $ 257,000 after acquiring an additional 1,691 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Aspen Insurance by 71.9% in the second quarter. Tower Research Capital LLC TRC now owns 7,642 shares of the insurance company in the amount of 311,000 dollars after having acquired an additional 3,197 shares in the last quarter. Finally, Xact Kapitalforvaltning AB in the first quarter increased its stake in Aspen Insurance by 43.6%. Xact Kapitalforvaltning AB now owns 7,902 shares of the insurer's stock worth $ 354,000 after acquiring an additional 2,400 shares in the last quarter. Institutional investors and hedge funds hold 91.18% of the company's stock.
AHL was the subject of many recent research reports. ValuEngine upgraded Aspen Insurance's hold from the "hold" rating to a "buy" rating in a research bulletin on Tuesday, September 4th. Buckingham Research lowered Aspen Insurance's stake from the "buy" rating to a "neutral" rating and lowered its price target for a stock from $ 46.00 to $ 42.75 in a research note on Monday, September 10th. Deutsche Bank increased the price target for Aspen Insurance's shares from 40 to 42 euros, and on Wednesday, September 5th, in a research note, it rated the "hold". Finally, Zacks Investment Research upgraded Aspen's shares from the "sell" rating to a "hold" rating in a research bulletin on Tuesday, October 9th. Five analysts estimated that the share was rated, and one of them received a credit rating. Aspen Insurance has a unanimous rating of "Hold" and an average target price of 42.55 USD.
Shares of NYSE AHL traded on Friday at a value of 0.10 euros and reached 41.26 euros. The company had a trading volume of 643,731 shares, compared to an average volume of 982,656 shares. The company has a ratio of debt to equity of 0.15, the current ratio is 0.72 and a quick ratio of 0.72. The company has a market capitalization of USD 2.46 billion, a ratio of PE -6.26 and beta 0.29. Aspen Insurance Holdings Limited has a 12-month minimum value of $ 34.80 and a 12-month value of $ 46.10.
On Wednesday, October 24, Aspen Insurance (NYSE: AHL) issued quarterly earnings results. For the quarter, the insurance company reported 0.49 euros for EPS, which is estimated to be 0.73 euros (0.24 euros). Aspen Insurance had a negative return on equity of 1.27% and a negative net margin of 8.02%. The company had $ 670.50 million in revenue for the quarter. Analysts predict that Aspen Insurance Holdings Limited will publish 2.8 EPS in the current financial year.
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Aspen insurance profile
Aspen Insurance Holdings Limited through its subsidiaries deals with insurance and reinsurance companies in the US and internationally. The Aspen Insurance segment offers insurance for property and accident insurance, including US and U.K commercial property.
Further reading: How are the outstanding shares different from the authorized shares?
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