On Mar 26, Zacks Investment Research upgraded
Aspen Insurance Holdings Ltd.
) to a Zacks Rank #1 (Strong Buy) owing to its rising earnings
estimates following solid fourth-quarter 2013 results.
Why the Upgrade?
Aspen Insurance has been witnessing an upward trend in earnings
estimate revisions ever since it reported its fourth-quarter 2013
results on Feb 6. The Zacks Consensus Estimate for 2014 has gone
up 1.1% to $3.56 per share in the past two-months time frame.
Likewise, the Zacks Consensus Estimate for 2015 also rose 0.8%
over the same time-frame and is currently pegged at $3.85 per
Fourth-quarter results at Aspen Insurance clocked a positive
earnings surprise of 0.9%. With this, the company delivered
positive surprises in three of its last four quarters with an
average beat of 6.8%. Since the earnings release, shares of this
property and casualty insurer has spiked nearly 4.9% to close at
$39.30 on March 25.
Aspen Insurance reported fourth-quarter operating net income of
$1.13 per share, which beat the Zacks Consensus Estimate of $1.12
by a penny. The number, however, surged significantly from the
prior-year quarter's operating net loss of 15 cents a share.
The bottom-line surge was driven by strong growth in net premiums
earned at the Insurance segment, which in turn, was owing to the
company's successful development of its U.S. platform which
remained profitable in all the quarters of 2013.
Aspen Insurance is witnessing operating synergies on the back of
strong capital management, enhanced investment returns and
optimization of the business portfolio. Moreover, the Insurance
segment at Aspen Insurance is well positioned to drive meaningful
operating leverage further.
Other Stocks to Consider
Some other top-ranked stocks worth mentioning in the property and
casualty insurance industry are
AmTrust Financial Services, Inc.
Fidelity National Financial, Inc.
). All these stocks carry the same Zacks Rank as Aspen
AMTRUST FIN SVC (AFSI): Free Stock Analysis
ASPEN INS HLDGS (AHL): Free Stock Analysis
FIDELITY NAT FI (FNF): Free Stock Analysis
ALLEGHANY CORP (Y): Free Stock Analysis
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