Jefferies initiated coverage of Aspen Insurance (AHL) with a Buy rating and $42 price target The firm views the company as well positioned in a shifting pricing environment given its diversified platforms and premium mix. Aspen’s turnaround actions to reduce volatility, create finality on older reserves, and improve underwriting are complete, the analyst tells investors in a research note. Jefferies thinks a modest share re-rating could follow.
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Read More on AHL:
- Aspen Insurance initiated with an Outperform at Citizens JMP
- Aspen Insurance Holdings Ltd: Strong Market Positioning and Improved Underwriting Practices Drive Buy Rating
- Aspen Insurance Holdings Ltd: Strong Financial Performance and Strategic Positioning Drive Buy Rating
- Aspen Insurance initiated with an Outperform at BMO Capital
- Aspen Insurance initiated with a Neutral at Goldman Sachs
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