The stock of Aspen Insurance Holdings Limited (NYSE:AHL) hit a new 52-week high and has $56.24 target or 9.00% above today’s $51.60 share price. The 6 months bullish chart indicates low risk for the $3.12B company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $56.24 price target is reached, the company will be worth $280.80M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 31,994 shares traded hands. Aspen Insurance Holdings Limited (NYSE:AHL) has risen 8.32% since April 20, 2016 and is uptrending. It has outperformed by 3.77% 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. $56 is the highest target while $51 is the lowest. The $54.50 average target is 5.62% above today’s ($51.6) stock price. Aspen Insurance Holdings Ltd has been the topic of 3 analyst reports since July 30, 2015 according to StockzIntelligence Inc. As per Thursday, December 10, the company rating was initiated by Piper Jaffray. Deutsche Bank maintained it with “Hold” rating and $53 target price in Friday, November 6 report.
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 decreased to 1.03 in 2016 Q2. Its down 0.28, from 1.31 in 2016Q1. The ratio dived, 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.
Capstone Asset Management has 7,939 shares for 0.01% of their US portfolio. Ig Investment Mngmt Limited holds 0% or 9,391 shares in its portfolio. The Texas-based Texas Permanent School Fund has invested 0.03% in Aspen Insurance Holdings Limited (NYSE:AHL). Commonwealth Of Pennsylvania Pub School Empls Retrmt accumulated 11,687 shares or 0.01% of the stock. Alliancebernstein Limited Partnership has 106,853 shares for 0% of their US portfolio. Checchi Cap Advisers Ltd Company holds 0% or 150 shares in its portfolio. Putnam Invests Ltd Com accumulated 0.02% or 194,654 shares. Ajo Ltd Partnership accumulated 0.22% or 1.07 million shares. Irving Magee Inv accumulated 1.48% or 65,257 shares. Ibm Retirement Fund reported 6,070 shares or 0.01% of all its holdings. The Belgium-based Kbc Group Nv has invested 0.01% in Aspen Insurance Holdings Limited (NYSE:AHL). Zweig holds 0.02% or 5,000 shares in its portfolio. Swiss Savings Bank owns 103,500 shares or 0.01% of their US portfolio. California Pub Employees Retirement has invested 0.02% of its portfolio in Aspen Insurance Holdings Limited (NYSE:AHL). Northern accumulated 0.01% or 887,034 shares.
Insider Transactions: Since June 8, 2016, the stock had 0 insider buys, and 2 selling transactions for $616,048 net activity. 2,012 shares with value of $95,630 were sold by CAVOORES JOHN PAUL on Wednesday, June 8. 11,500 shares were sold by O Kane Christopher, worth $520,418 on Thursday, August 25.
More important recent Aspen Insurance Holdings Limited (NYSE:AHL) news were published by: Nasdaq.com which released: “Aspen Insurance Holdings Limited (AHL) Ex-Dividend Date Scheduled for November …” on November 07, 2016, also Equitiesfocus.com published article titled: “Dividend Payout Of Aspen Insurance Holdings Limited (NYSE:AHL) At $0.22”, Nasdaq.com published: “Aspen Insurance Holdings (AHL) and its Units Get Rated” on November 14, 2016. More interesting news about Aspen Insurance Holdings Limited (NYSE:AHL) was released by: Businesswire.com and their article: “A.M. Best Affirms Credit Ratings of Aspen Insurance Holdings Limited and Its …” with publication date: November 11, 2016.
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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