Notable Price Action: Will Aspen Insurance Holdings Limited Run Out of Steam Soon?

Notable Price Action: Will Aspen Insurance Holdings Limited Run Out of Steam Soon?

The stock of Aspen Insurance Holdings Limited (NYSE:AHL) hit a new 52-week high and has $54.13 target or 4.00% above today’s $52.05 share price. The 6 months bullish chart indicates low risk for the $3.14B company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $54.13 price target is reached, the company will be worth $125.60 million 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 76,154 shares traded hands. Aspen Insurance Holdings Limited (NYSE:AHL) has risen 11.08% since April 25, 2016 and is uptrending. It has outperformed by 5.06% the S&P500.

Analysts await Aspen Insurance Holdings Limited (NYSE:AHL) to report earnings on February, 2. They expect $0.69 EPS, down 42.98% or $0.52 from last year’s $1.21 per share. AHL’s profit will be $41.63 million for 18.86 P/E if the $0.69 EPS becomes a reality. After $0.97 actual EPS reported by Aspen Insurance Holdings Limited for the previous quarter, Wall Street now forecasts -28.87% negative EPS growth.

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 4.71% above today’s ($52.05) stock price. Aspen Insurance Holdings Ltd has been the topic of 3 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Piper Jaffray initiated Aspen Insurance Holdings Limited (NYSE:AHL) rating on Thursday, December 10. Piper Jaffray has “Neutral” rating and $56 price target. The rating was maintained by Deutsche Bank with “Hold” on Friday, November 6.

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 Q2 2016. Its down 0.28, from 1.31 in 2016Q1. The ratio turned negative, 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.
Fmr Ltd Liability holds 2.69 million shares or 0.02% of its portfolio. Gamco Invsts Et Al holds 5,300 shares or 0% of its portfolio. South Dakota Inv Council holds 44,100 shares or 0.04% of its portfolio. Vanguard Grp Inc holds 0.01% or 4.98M shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% of its portfolio in Aspen Insurance Holdings Limited (NYSE:AHL). Checchi Advisers Limited Liability Corp holds 0% of its portfolio in Aspen Insurance Holdings Limited (NYSE:AHL) for 150 shares. Nationwide Fund Advisors has 0.03% invested in the company for 133,056 shares. The New York-based Bnp Paribas Arbitrage Sa has invested 0.01% in Aspen Insurance Holdings Limited (NYSE:AHL). Cantab Ptnrs Llp holds 0% of its portfolio in Aspen Insurance Holdings Limited (NYSE:AHL) for 32,143 shares. Retirement Sys Of Alabama owns 78,327 shares or 0.02% of their US portfolio. Cornerstone Advsr Inc holds 0.01% or 123 shares in its portfolio. Grantham Mayo Van Otterloo & Limited Liability Corp accumulated 0.01% or 57,490 shares. Pzena Investment Mngmt Ltd Liability Corporation holds 0.18% or 606,995 shares in its portfolio. First Advsrs Lp last reported 0.03% of its portfolio in the stock. Foundry Ptnrs Ltd Liability holds 204,858 shares or 0.54% of its portfolio.

Insider Transactions: Since June 8, 2016, the stock had 0 insider purchases, and 2 insider sales for $616,048 net activity. O Kane Christopher had sold 11,500 shares worth $520,418 on Thursday, August 25. 2,012 shares with value of $95,630 were sold by CAVOORES JOHN PAUL on Wednesday, June 8.

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 Finance.Yahoo.com published article titled: “Aspen Insurance Holdings (AHL) and its Units Get Rated”, Businesswire.com published: “A.M. Best Affirms Credit Ratings of Aspen Insurance Holdings Limited and Its …” on November 11, 2016. More interesting news about Aspen Insurance Holdings Limited (NYSE:AHL) was released by: Businesswire.com and their article: “AM Best Assigns Issue Credit Rating to Aspen Insurance Holdings Limited’s …” with publication date: September 14, 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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