Allied World Assurance Company Holdings, AG (AWH) Upgraded to Sell at BidaskClub

BidaskClub upgraded shares of Allied World Assurance Company Holdings, AG (NYSE:AWH) from a strong sell rating to a sell rating in a research report sent to investors on Thursday, June 29th.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research upgraded Allied World Assurance Company Holdings, AG from a hold rating to a buy rating and set a $59.00 price target on the stock in a research report on Monday, April 24th. Evercore ISI started coverage on Allied World Assurance Company Holdings, AG in a research report on Monday, June 5th. They issued an in-line rating and a $24.50 price target on the stock. One research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The stock has an average rating of Hold and an average target price of $45.83.

Shares of Allied World Assurance Company Holdings, AG (AWH) traded down 1.34% during trading on Thursday, reaching $49.24. The company’s stock had a trading volume of 206,590 shares. The company’s 50 day moving average price is $50.87 and its 200 day moving average price is $52.50. Allied World Assurance Company Holdings, AG has a 12 month low of $39.09 and a 12 month high of $54.46. The firm has a market cap of $4.31 billion, a PE ratio of 16.82 and a beta of 0.69.

Allied World Assurance Company Holdings, AG (NYSE:AWH) last released its quarterly earnings results on Wednesday, April 26th. The insurance provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by $0.12. Allied World Assurance Company Holdings, AG had a net margin of 10.20% and a return on equity of 6.35%. The company had revenue of $676 million during the quarter, compared to the consensus estimate of $723.40 million. During the same quarter last year, the firm posted $0.65 EPS. The company’s quarterly revenue was down 4.0% on a year-over-year basis. On average, equities analysts predict that Allied World Assurance Company Holdings, AG will post $2.48 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in AWH. Vanguard Group Inc. raised its position in shares of Allied World Assurance Company Holdings, AG by 4.7% in the first quarter. Vanguard Group Inc. now owns 6,850,896 shares of the insurance provider’s stock valued at $363,782,000 after buying an additional 307,213 shares during the last quarter. BlackRock Inc. raised its position in shares of Allied World Assurance Company Holdings, AG by 10,609.4% in the first quarter. BlackRock Inc. now owns 3,670,112 shares of the insurance provider’s stock valued at $194,882,000 after buying an additional 3,635,842 shares during the last quarter. Credit Suisse AG raised its position in shares of Allied World Assurance Company Holdings, AG by 76.6% in the first quarter. Credit Suisse AG now owns 3,189,368 shares of the insurance provider’s stock valued at $169,355,000 after buying an additional 1,383,692 shares during the last quarter. State Street Corp raised its position in shares of Allied World Assurance Company Holdings, AG by 4.0% in the fourth quarter. State Street Corp now owns 1,985,690 shares of the insurance provider’s stock valued at $106,653,000 after buying an additional 76,266 shares during the last quarter. Finally, Paradice Investment Management LLC raised its position in shares of Allied World Assurance Company Holdings, AG by 9.7% in the first quarter. Paradice Investment Management LLC now owns 1,747,126 shares of the insurance provider’s stock valued at $92,772,000 after buying an additional 154,059 shares during the last quarter. Institutional investors and hedge funds own 86.52% of the company’s stock.

About Allied World Assurance Company Holdings, AG

Allied World Assurance Company Holdings, AG is a holding company. The Company provides property, casualty and specialty insurance and reinsurance solutions to clients around the world. The Company operates in three segments: North American Insurance, Global Markets Insurance and Reinsurance. The North American Insurance segment consists of the Company’s direct insurance operations in the United States, Bermuda and Canada.

Analyst Recommendations for Allied World Assurance Company Holdings, AG (NYSE:AWH)

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