Frontier Capital Management Co. LLC lowered its position in Aspen Insurance Holdings Limited (NYSE: AHL) shares by 72.8% in the third quarter, according to its latest application with the Securities and Exchange Commission (SEC). The fund owned 626,923 shares in the insurance provider's share after sale of 1,680,934 shares during the period. Frontier Capital Management Co. LLC owned approximately 1.05% of Aspen Insurance worth $ 26,205,000 from its recent application with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently changed their positions in the company. Vident Investment Advisory LLC bought a new stake in Aspen Insurance shares in the second quarter worth $ 235,000. Dynamic Technology Lab Private Ltd bought a new stake in Aspen Insurance shares in the second quarter worth $ 245,000. The state of the Alaska Department of Revenue increased its share in Aspen Insurance by 37.9% in the third quarter. The state of the Alaska Department of Revenue now owns 6,151 shares in the insurance provider's share worth $ 257,000 after the acquisition of another 1,691 shares during the last quarter. Tower Research Capital LLC TRC increased its share in Aspen Insurance by 71.9% in the second quarter. Tower Research Capital LLC TRC now owns 7,662 shares in the insurer's share worth $ 311,000 after acquisition of additional 3,197 shares during the last quarter. Finally, Xact Kapitalforvaltning AB increased its share in Aspen Insurance by 43.6% in the first quarter. Xact Kapitalforvaltning AB now owns 7 902 shares in the insurance provider's share worth $ 354 000 after acquisition of another 2,400 shares during the last quarter. Institutional investors and hedge funds own 91.18% of the company's share.
AHL has been the subject of a number of recent research reports. ValuEngine upgraded shares in Aspen Insurance from a "team" rating to a "buy" rating in a research note on Tuesday, September 4. Buckingham Research lowered Aspen Insurance shares from a "buy" rating to a "neutral" rating and released its share price target from $ 46.00 to $ 42.75 in a research note on Monday, September 10th. Deutsche Bank increased its price target for Aspen Insurance shares from $ 40.00 to $ 42.00 and gave the stock company a "team" rating in a research note Wednesday 5 September. Finally, Zack's Investment Research shares upgraded Aspen Insurance from a "sell" rating to a "team" rating in a research note on Tuesday, October 9. Five analysts have rated the holding with a holding rating and one has given a purchase price to the company. Aspen Insurance has a "Hold" consensus rating and an average target price of $ 42.55.
The shares in NYSE AHL dropped to $ 0.10 on Friday and beat $ 41.26. The company's share had a trading volume of 643,731 shares, compared to the average volume of 982,656. The company has a debt ratio of 0.15, a current ratio of 0.72 and a fast ratio of 0.72. The company has a market value of $ 2.46 billion, a PE quota of -6.26 and a beta of 0.29. Aspen Insurance Holdings Limited has a 12 month low of $ 34.80 and a 12-month high of $ 46.10.
Aspen Insurance (NYSE: AHL) left its quarterly earnings results Wednesday, October 24th. The insurance provider reported $ 0.49 for the quarter, missing the consensus estimate of $ 0.73 ($ 0.24). Aspen Insurance had a negative return on equity of 1.27% and a negative net margin of 8.02%. The company had sales of $ 670.50 million for the quarter. On average, analysts predict that Aspen Insurance Holdings Limited will add 2.8 EPS for the current fiscal year.
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Aspen insurance profile
Aspen Insurance Holdings Limited, through its subsidiaries, engages in insurance and reinsurance companies in the United States and internationally. The company's Aspen Insurance segment offers property and liability insurance products, including US-U.K. Commercial Property, Commercial Liability, U.S.
Further reading: How are outstanding shares different from authorized shares?
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