The stock of Aspen Insurance Holdings Limited (NYSE:AHL) reached all time high today, Nov, 14 and still has $71.07 target or 38.00% above today’s $51.50 share price. This indicates more upside for the $3.16B company. This technical setup was reported by Barchart.com. If the $71.07 PT is reached, the company will be worth $1.20 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 93,406 shares traded hands. Aspen Insurance Holdings Limited (NYSE:AHL) has risen 9.83% since April 12, 2016 and is uptrending. It has outperformed by 4.85% the S&P500.
Aspen Insurance Holdings Limited (NYSE:AHL) Ratings Coverage
Out of 2 analysts covering Aspen Insurance Holdings Ltd (NYSE:AHL), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Aspen Insurance Holdings Ltd has been the topic of 3 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Piper Jaffray initiated the shares of AHL in a report on Thursday, December 10 with “Neutral” rating. Deutsche Bank maintained Aspen Insurance Holdings Limited (NYSE:AHL) rating on Friday, November 6. Deutsche Bank has “Hold” rating and $53 price target.
According to Zacks Investment Research, “Aspen Insurance Holdings is a Bermudian holding company that provides property and casualty reinsurance in the global market, property and liability insurance principally in the United Kingdom and surplus lines insurance in the United States. Aspen’s operations are conducted through its wholly-owned subsidiaries located in London, Bermuda and the United States: Aspen Insurance UK Limited, Aspen Insurance Limited and Aspen Specialty Insurance Company.”
Insitutional Activity: The institutional sentiment increased to 1.31 in Q2 2016. Its up 0.14, from 1.17 in 2016Q1. The ratio improved, as 16 funds sold all Aspen Insurance Holdings Limited shares owned while 73 reduced positions. 23 funds bought stakes while 94 increased positions. They now own 54.62 million shares or 2.30% less from 55.91 million shares in 2016Q1.
Blackrock Fund Advisors has invested 0.02% of its portfolio in Aspen Insurance Holdings Limited (NYSE:AHL). Creative Planning holds 0% or 1,063 shares in its portfolio. Jacobs Levy Equity Management has 237,581 shares for 0.23% of their US portfolio. Frontier Capital Mngmt Limited Company has 0.49% invested in the company for 1.29 million shares. Dimensional Fund Advsr L P has 5.12 million shares for 0.14% of their US portfolio. The Ontario – Canada-based Omers Administration has invested 0.01% in Aspen Insurance Holdings Limited (NYSE:AHL). Vulcan Value Ptnrs Limited Co has 2.65 million shares for 1.21% of their US portfolio. Teachers Retirement Sys Of The State Of Kentucky holds 14,800 shares or 0.01% of its portfolio. Donald Smith And Com Inc has 874,499 shares for 1.1% of their US portfolio. Cubist Systematic Strategies Ltd Liability Co accumulated 0.04% or 14,197 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 1,380 shares or 0% of its portfolio. Sg Americas Ltd Company accumulated 0.01% or 31,572 shares. Teachers Advsr last reported 0.03% of its portfolio in the stock. Us Bancorporation De last reported 0% of its portfolio in the stock. Dekabank Deutsche Girozentrale holds 0.05% of its portfolio in Aspen Insurance Holdings Limited (NYSE:AHL) for 88,899 shares.
Insider Transactions: Since June 8, 2016, the stock had 0 insider buys, and 2 sales for $616,048 net activity. On Thursday, August 25 the insider O Kane Christopher sold $520,418. Shares for $95,630 were sold by CAVOORES JOHN PAUL on Wednesday, June 8.
More recent Aspen Insurance Holdings Limited (NYSE:AHL) news were published by: Businesswire.com which released: “A.M. Best Affirms Credit Ratings of Aspen Insurance Holdings Limited and Its …” on November 11, 2016. Also Businesswire.com published the news titled: “Aspen Insurance Holdings Limited Appoints Karl Mayr as Director” on December 02, 2015. Reuters.com‘s news article titled: “Fitch Publishes Unrated Issuer Report on Aspen Insurance Holdings Limited” with publication date: September 23, 2016 was also an interesting one.
AHL Company Profile
Aspen Insurance Holdings Limited (Aspen Holdings), incorporated on May 23, 2002, is a holding company. The Firm conducts insurance and reinsurance business through its subsidiaries: Aspen U.K. and AUL, Aspen Bermuda (Bermuda) and Aspen Specialty and AAIC (the United States). The Firm operates in two divisions: Aspen Insurance and Aspen Reinsurance (Aspen Re). The Firm operates in the global markets for property and casualty insurance and reinsurance. The Company’s insurance segment consists of property and casualty insurance; marine, aviation and energy insurance, and financial and professional lines insurance. Aspen Re consists of property catastrophe reinsurance, other property reinsurance, casualty reinsurance and specialty reinsurance.
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