UPDATE: Sterne Agee Downgrades Aspen Insurance Holdings to Neutral on Valuation, Lower Forecasts

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Sterne Agee downgraded Aspen Insurance Holdings (NYSE: AHL) from Buy to Neutral and raised the price target from $35.00 to $36.00.Sterne Agee said, "We are downgrading AHL to Neutral from Buy on a lower earnings forecast and higher valuation versus a year ago. While AHL continues to trade at a discount to the group, we feel this valuation gap will likely not close materially in the near term given our lower ROE outlook for AHL vs. its peers."Aspen Insurance Holdings closed at $32.94 on Tuesday.

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