Wunderlich Securities Rates Aspen Insurance Holdings Buy, $37 PT (AHL)

Wunderlich Securities rated Aspen Insurance Holdings AHL as a Buy with a $37 price target in a research report published today. In the report, Wunderlich Securities states, "Aspen Insurance Holdings (AHL) is expected to report 4Q10 and 2010 results on Monday, February 7, after the market close. We are estimating 4Q10 EPS of $0.57 compared to $1.43 a year ago. In addition, we expect 2010 EPS of $2.60 from $5.16 in 2009. Comparisons are difficult due to catastrophes and reserve development. The consensus is $0.71 for 4Q10 and $2.78 for year end. We believe our estimates are conservative with regard to AHL's accelerated share repurchase program and losses from the New Zealand (NZ) earthquake and Australia (AU) floods, which we believe should be somewhat offset by AHL's diversified non-catastrophe business." Shares of Aspen Insurance Holdings were at $30.38 when the market closed on Thursday.