Wells Fargo initiated coverage of Aspen Insurance (AHL) with an Equal Weight rating and $37 price target Aspen is a Bermuda-based specialty insurer/reinsurer that has “rejiggered its mix significantly” since it was last public, the analyst tells investors in a research note. With shares trading at 1.3-times book value, Wells thinks they are fairly valued.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AHL:
- Aspen Insurance initiated with a Buy at Jefferies
- Aspen Insurance initiated with an Overweight at Piper Sandler
- 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