Frontier Capital Management Co. LLC lowered its position in shares of Aspen Insurance Holdings Limited (NYSE: AHL) by 72.8% in the third quarter, according to the latest filing with the Securities and Exchange Commission (SEC). The fund had 626,923 shares from insurance provider shares after selling 1,680,934 shares during the period. Frontier Capital Management Co. LLC has approximately 1.05% of Aspen Insurance worth $ 26,205,000 as the latest filing with the Securities and Exchange Commission (SEC).
Hedge funds and other institutional investors have also recently made changes to their position in the company. Vident Investment Advisory LLC bought new shares in Aspen Insurance shares during the second quarter for $ 235,000. Dynamic Technology Lab Private Ltd bought new shares in Aspen Insurance shares during the second quarter for $ 245,000. The State of Alaska Department of Revenue increased its ownership in Aspen Insurance by 37.9% during the 3rd quarter. State of Alaska Department of Revenue now has 6,151 shares of insurance provider shares worth $ 257,000 after acquiring an additional 1,691 shares in the last quarter. Tower Research Capital LLC TRC increased its ownership in Aspen Insurance by 71.9% during the second quarter. Tower Research Capital LLC TRC now has 7,642 shares from insurance provider shares worth $ 311,000 after acquiring 3,197 additional shares in the last quarter. Finally, Xact Kapitalforvaltning AB raised its stake in Aspen Insurance by 43.6% during the first quarter. Xact Kapitalforvaltning AB now has 7,902 shares from insurance provider shares valued at $ 354,000 after acquiring 2,400 additional shares in the last quarter. Institutional investors and hedge funds have 91.18% shares in the company.
AHL has been the topic of a number of recent research reports. ValuEngine increased Aspen Aspen shares from "hold" to "buy" in the research note on Tuesday, September 4. Buckingham's research downgraded Aspen Insurance shares from a "buy" rating to a "neutral" rating and dropped their price target for shares from $ 46.00 to $ 42.75 in the research note on Monday September 10. Deutsche Bank raised their price target on Aspen Insurance shares from $ 40.00 to $ 42.00 and gave "hold" shares in a research note on Wednesday, September 5. Finally, Zacks Investment Research increased the Aspen Aspen share from a "sell" rating to a "hold" rating in the research note on Tuesday, October 9. Five analysts have rated stocks with hold ratings and one has given a buy rating to the company. Aspen insurance has a consensus rating of "Hold" and an average target price of $ 42.55.
NYSE AHL shares traded down $ 0.10 on Friday, reaching $ 41.26. The company's shares have a trading volume of 643,731 shares, compared to an average volume of 982,656 shares. The company has a debt to equity ratio of 0.15, a current ratio of 0.72 and a fast ratio of 0.72. The company has a market capitalization of $ 2.46 billion, PE ratio of -6.26 and 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) last issued quarterly profit results on Wednesday, October 24. Insurance providers reported $ 0.49 EPS for the quarter, losing consensus estimates of $ 0.73 by ($ 0.24). Aspen insurance has a negative return on equity of 1.27% and negative net margin of 8.02%. The company has revenues of $ 670.50 million for this quarter. On average, analysts estimate that Aspen Insurance Holdings Limited will post 2.8 EPS for the current fiscal year.
ILLEGAL ACTIVITIES WARNING: "Aspen Insurance Holdings Limited (AHL) shares sold by Frontier Capital Management Co. LLC "was originally reported by the Baseball Daily News and was the only property of the Baseball Daily News. If you access this story in another publication, it is illegally copied and republished in violation of US and international copyright & trademark laws. The original version of this story can be accessed at https://www.baseballdailydigest.com/2018/11/18/frontier-capital-management-co-llc-has-26-21-million-position-in-aspen- insurance- holdings-limited-ahl.html.
Aspen Insurance Profile
Aspen Insurance Holdings Limited, through its subsidiaries, is involved in the insurance and reinsurance business in the United States and internationally. The Aspen Insurance Division offers property and accident insurance products, including US and U.K commercial property, commercial obligations, US.
Further reading: How are extraordinary shares different from official shares?
Receive News & Ratings for Aspen Insurance Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Aspen Insurance and companies related to MarketBeat.com's FREE daily email newsletter.