Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified

Aspen Insurance Holdings

(

AHL

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Aspen Insurance Holdings as such a stock due to the following factors:

  • AHL has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $14.2 million.
  • AHL has traded 2,387 shares today.
  • AHL is trading at a new lifetime high.

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More details on AHL:

Aspen Insurance Holdings Limited, through its subsidiaries, engages in insurance and reinsurance businesses worldwide. Its Insurance segment offers property and casualty insurance, including U.S. and the United Kingdom commercial property and construction business, commercial liability, U.S. The stock currently has a dividend yield of 1.7%. AHL has a PE ratio of 1. Currently there is 1 analyst that rates Aspen Insurance Holdings a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Recommends

The average volume for Aspen Insurance Holdings has been 273,900 shares per day over the past 30 days. Aspen has a market cap of $3.0 billion and is part of the financial sector and insurance industry. The stock has a beta of 0.76 and a short float of 0.7% with 1.73 days to cover. Shares are up 11.6% year-to-date as of the close of trading on Thursday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Aspen Insurance Holdings as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, solid stock price performance and increase in net income. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 9.6%. Since the same quarter one year prior, revenues slightly increased by 7.7%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • AHL's debt-to-equity ratio is very low at 0.18 and is currently below that of the industry average, implying that there has been very successful management of debt levels.
  • The stock has risen over the past year as investors have generally rewarded the company for its earnings growth and other positive factors like the ones we have cited in this report. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • The net income growth from the same quarter one year ago has greatly exceeded that of the S&P 500, but is less than that of the Insurance industry average. The net income increased by 6.4% when compared to the same quarter one year prior, going from $120.30 million to $128.00 million.

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