Aspen Insurance downgraded to Neutral from Buy at Sterne Agee Sterne Agee downgraded Aspen Insurance based on lower earnings forecasts due to higher insurance segment expenses and valuation. Price target is $36.
Aspen Insurance reports Q1 EPS $1.87, consensus $1.38 Gross written premiums increased by 7.4% to $919.2M. Reports diluted book value per share of $46.02 at March 31, up 2.0% from December 31, 2014. Aspen continues to expect to achieve an operating return on equity of 11% in 2015.