Aspen Insurance (AHL) Posts Quarterly Earnings, Beats Estimates By $0.06 EPS

Aspen Insurance (AHL) announced its quarterly results on Thursday. The company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters consensus estimate of $0.64 by $0.06. The company’s quarterly revenue was up 7.8% on a year-over-year basis.
On a related note, analysts at Deutsche Bank (NYSE: DB) cut their price target on shares of Aspen Insurance from $28.00 to $24.00 in a research note to investors on Wednesday, September 14th. They now have a “hold” rating on the stock. Also, analysts at Zacks Investment Research upgraded shares of Aspen Insurance from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, August 22nd.

Shares of Aspen Insurance (AHL) traded up 2.79% during mid-day trading on Thursday, hitting $26.85. Aspen Insurance (AHL) has a 52 week low of $22.01 and a 52 week high of $31.60. The stock’s 50-day moving average is $23.49 and its 200-day moving average is $25.56. The company has a market cap of $1.902 billion and a price-to-earnings ratio of 90.69.
Aspen Insurance Holdings Limited (Aspen Holdings) is a holding company. The Company conducts insurance and reinsurance business through its wholly owned subsidiaries in three major jurisdictions: Aspen Insurance UK Limited (Aspen U.K.) and Aspen Underwriting Limited (AUL), a member of Syndicate 4711 at Lloyd’s of London (United Kingdom), Aspen Bermuda (Bermuda) and Aspen Specialty Insurance Company (Aspen Specialty). Aspen U.K. also has branches in Paris, France, Zurich, Switzerland, Dublin, Ireland, Singapore, Australia and Canada. The Company operates in the global markets for property and casualty insurance and reinsurance. It manages its insurance and reinsurance businesses as two underwriting segments: Aspen Insurance and Aspen Reinsurance. Its insurance segment consists of primarily of the existing international insurance and United States insurance segments. Its reinsurance segment consists of three divisions, property reinsurance, casualty reinsurance and specialty reinsurance.