The stock of Aspen Insurance Holdings Limited (NYSE:AHL) reached all time high today, Nov, 22 and still has $55.59 target or 7.00% above today’s $51.95 share price. This indicates more upside for the $3.14B company. This technical setup was reported by Barchart.com. If the $55.59 PT is reached, the company will be worth $219.80 million 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 61,216 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. Aspen Insurance Holdings Ltd has been the topic of 3 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The rating was initiated by Piper Jaffray with “Neutral” on Thursday, December 10. On Friday, November 6 the stock rating was maintained by Deutsche Bank with “Hold”.
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 worsened, 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.
Advsrs Preferred Lc reported 101 shares or 0% of all its holdings. Ladenburg Thalmann Financial Ser owns 1,018 shares or 0% of their US portfolio. Balyasny Asset Management Ltd Com last reported 14,724 shares in the company. Winslow Asset Management reported 28,000 shares or 0.29% of all its holdings. Moreover, Legal General Gp Public Limited Liability Co has 0% invested in Aspen Insurance Holdings Limited (NYSE:AHL) for 43,112 shares. Donald Smith And Communication last reported 1.1% of its portfolio in the stock. Grace & White accumulated 6,500 shares or 0.07% of the stock. Parkwood Limited Com owns 9,326 shares or 0.07% of their US portfolio. The Kentucky-based Teachers Retirement Sys Of The State Of Kentucky has invested 0.01% in Aspen Insurance Holdings Limited (NYSE:AHL). Lpl Fincl Lc has 5,631 shares for 0% of their US portfolio. Oxford Asset has 73,270 shares for 0.14% of their US portfolio. The New York-based Springbok Capital Limited Liability has invested 0% in Aspen Insurance Holdings Limited (NYSE:AHL). Hotchkis And Wiley Mgmt Limited Liability Company owns 87,004 shares or 0.02% of their US portfolio. Trexquant Invest L P, a Connecticut-based fund reported 4,600 shares. First Quadrant Ltd Partnership Ca accumulated 0.08% or 82,710 shares.
Insider Transactions: Since June 8, 2016, the stock had 0 buys, and 2 selling transactions for $616,048 net activity. Shares for $95,630 were sold by CAVOORES JOHN PAUL. O Kane Christopher sold 11,500 shares worth $520,418.
More 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 Nasdaq.com published the news titled: “Aspen Insurance Holdings (AHL) and its Units Get Rated” on November 14, 2016. Businesswire.com‘s news article titled: “A.M. Best Affirms Credit Ratings of Aspen Insurance Holdings Limited and Its …” with publication date: November 11, 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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