Aspen Insurance Holdings Limited (AHL) Expected to Post Earnings of $0.19 Per Share

Wall Street analysts expect Aspen Insurance Holdings Limited (NYSE:AHL) to post earnings of $0.19 per share for the current quarter, Zacks reports. Zero analysts have made estimates for Aspen Insurance’s earnings. Aspen Insurance reported earnings of ($4.78) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 104%. The firm is expected to report its next earnings results after the market closes on Wednesday, October 24th.

On average, analysts expect that Aspen Insurance will report full year earnings of $2.70 per share for the current financial year. For the next fiscal year, analysts forecast that the business will post earnings of $2.95 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Aspen Insurance.

Aspen Insurance (NYSE:AHL) last released its quarterly earnings data on Wednesday, August 1st. The insurance provider reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The firm had revenue of $519.50 million for the quarter, compared to the consensus estimate of $536.00 million. Aspen Insurance had a negative net margin of 18.11% and a negative return on equity of 11.73%. The firm’s revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 earnings per share.

A number of analysts recently commented on AHL shares. Zacks Investment Research downgraded shares of Aspen Insurance from a “buy” rating to a “hold” rating in a report on Monday, July 16th. ValuEngine raised shares of Aspen Insurance from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Deutsche Bank boosted their price objective on shares of Aspen Insurance from $40.00 to $42.00 and gave the stock a “hold” rating in a report on Wednesday, September 5th. Finally, Buckingham Research downgraded shares of Aspen Insurance from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $46.00 to $42.75 in a report on Monday, September 10th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Aspen Insurance presently has a consensus rating of “Hold” and a consensus price target of $42.55.

AHL stock opened at $41.79 on Friday. The stock has a market cap of $2.49 billion, a P/E ratio of -6.34 and a beta of 0.37. Aspen Insurance has a 52 week low of $34.80 and a 52 week high of $46.10. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.16.

Institutional investors and hedge funds have recently made changes to their positions in the business. Point72 Asia Hong Kong Ltd acquired a new position in Aspen Insurance during the first quarter worth about $156,000. Vident Investment Advisory LLC acquired a new position in Aspen Insurance during the second quarter worth about $235,000. Dynamic Technology Lab Private Ltd acquired a new position in Aspen Insurance during the second quarter worth about $245,000. Tower Research Capital LLC TRC raised its position in Aspen Insurance by 71.9% during the second quarter. Tower Research Capital LLC TRC now owns 7,642 shares of the insurance provider’s stock worth $311,000 after acquiring an additional 3,197 shares during the last quarter. Finally, Xact Kapitalforvaltning AB raised its position in Aspen Insurance by 43.6% during the first quarter. Xact Kapitalforvaltning AB now owns 7,902 shares of the insurance provider’s stock worth $354,000 after acquiring an additional 2,400 shares during the last quarter. Institutional investors own 97.16% of the company’s stock.

About Aspen Insurance

Aspen Insurance Holdings Limited, through its subsidiaries, engages in insurance and reinsurance businesses in the United States and internationally. The company's Aspen Insurance segment offers property and casualty insurance products, including U.S. and U.K. commercial property, commercial liability, U.S.

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