Aspen Insurance Holdings Limited (AHL)’s CEO Sells 21,000 Shares


Mario Vitale, Chief Executive Officer at Aspen Insurance Holdings Limited (NYSE:AHL), disposed of 21,000 Ordinary Shares on Friday. The stock was sold directly and the insider received a weighted average price of $39.47 for each share. Following Vitale’s first stock disposition of the fiscal year so far, he now holds a total of 6,344 company shares to his name.

Insider trading at the $2.6 billion market cap property and casualty insurance firm has been stagnant this quarter, with the last sales dating back to the end of April. The company’s Chief Risk Officer, Stephen Postlewhite, had unloaded 11,200 Ordinary Shares for $45.12 per share at the time.

However, last quarter did show some movement amongst hedge funds. Chuck Royce’s Royce and Associates decreased its stakes in the firm by 12% last quarter, bringing the hedge funds total holdings down to 1.27 million, with an estimated value of $50.57 million. Meanwhile, Ken Griffin’s Citadel Investment Group augmented Aspen Insurance’s portfolio activity by 30% and now owns 896,932 shares, worth $35.6 million.

Disclosure: none

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