Is Aspen Insurance (NYSE:AHL) a Sell? What does Piper Jaffray Think?


Why Has Piper Jaffray Given Aspen Insurance (NYSE:AHL) a $56 Price Target

Piper Jaffray revealed to investors and clients in a recent note that it have started coverage on Aspen Insurance (NYSE:AHL) stock, with Neutral rating and a $56 TP.

Approximately 27,935 shares of stock traded hands. Aspen Insurance Holdings Limited (NYSE:AHL) has risen 6.20% since May 7, 2015 and is uptrending. It has outperformed by 8.13% the S&P500.

The overall sentiment of institutions has decreased to 1.11 in Q2 2015. Its down 0.07, from 1.18 in 2015Q2. The ratio dropped, as 22 institutions have sold all the shares of Aspen Insurance Holdings Limited that they owned while 82 funds have taken shares off the table. 25 funds have purchased shares for the first time while 90 added to their positions. These institutions now hold 65.64 million shares or 15.95% more than the 56.61 million shares they owned in 2015Q2.

The Fund Private Management Group Inc currently is holding shares equating to 2.14% of its total portfolio in Aspen Insurance Holdings Limited representing a total of 709,830 shares. Another fund,Donald Smith & Co. Inc., is holding a total of 1.63 million shares equating to 1.96% of their holdings. Additionally, Irving Magee Investment Management has a 65,256 share stake in Aspen Insurance Holdings Limited which represents 1.58% of their total portfolio. The Fund, Strategic Advisors Llc, based out of New York, has also built up a stake in the stock, which represents a total of 1.07% of their total portfolio. Finally James Investment Research Inc, a fund which is based in the state of Ohio reported a total holdings of 823,186 shares.

Aspen Insurance Holdings Limited is a Bermuda holding company. The company has a market cap of $3.03 billion. The Firm conducts insurance and reinsurance business through its principal Operating Subsidiaries: Aspen U.K. and AUL, Aspen Bermuda (Bermuda) and Aspen Specialty and AAIC (United States). It has 13.49 P/E ratio. The Firm operates in the global markets for property and casualty insurance and reinsurance.

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.” Get a free copy of the Zacks research report on Aspen Insurance Holdings Limited (AHL).