Nicholas Investment Partners LP Maintains Position in Allied World Assurance Company Holdings Ltd (AWH)

Nicholas Investment Partners LP continued to hold its position in shares of Allied World Assurance Company Holdings Ltd (NYSE:AWH) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,100,000 shares of the insurance provider’s stock at the end of the 2nd quarter. Allied World Assurance Company Holdings accounts for approximately 4.1% of Nicholas Investment Partners LP’s investment portfolio, making the stock its 4th biggest position. Nicholas Investment Partners LP’s holdings in Allied World Assurance Company Holdings were worth $58,190,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its stake in Allied World Assurance Company Holdings by 10.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,410 shares of the insurance provider’s stock worth $127,000 after purchasing an additional 232 shares in the last quarter. Cutler Group LP lifted its stake in Allied World Assurance Company Holdings by 154.3% in the 2nd quarter. Cutler Group LP now owns 2,800 shares of the insurance provider’s stock worth $148,000 after purchasing an additional 1,699 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Allied World Assurance Company Holdings in the 1st quarter worth approximately $190,000. KBC Group NV lifted its stake in Allied World Assurance Company Holdings by 82.6% in the 2nd quarter. KBC Group NV now owns 4,151 shares of the insurance provider’s stock worth $199,000 after purchasing an additional 1,878 shares in the last quarter. Finally, Stephens Inc. AR purchased a new stake in Allied World Assurance Company Holdings in the 1st quarter worth approximately $339,000. Institutional investors and hedge funds own 86.52% of the company’s stock.

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Allied World Assurance Company Holdings Ltd (NYSE:AWH) traded down 1.34% during trading on Monday, hitting $49.24. 206,590 shares of the company traded hands. The company’s 50 day moving average is $49.16 and its 200-day moving average is $51.86. Allied World Assurance Company Holdings Ltd has a 52 week low of $39.09 and a 52 week high of $54.46.

Several analysts have recently weighed in on the stock. BidaskClub upgraded shares of Allied World Assurance Company Holdings from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. Evercore ISI assumed coverage on shares of Allied World Assurance Company Holdings in a research report on Monday, June 5th. They set an “in-line” rating and a $24.50 price objective on the stock. Zacks Investment Research upgraded shares of Allied World Assurance Company Holdings from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 21st. Finally, ValuEngine cut shares of Allied World Assurance Company Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. The company presently has an average rating of “Hold” and an average target price of $45.83.

Allied World Assurance Company Holdings Company Profile

Allied World Assurance Company Holdings Ltd is a Germany-based holding company. It 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.

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Institutional Ownership by Quarter for Allied World Assurance Company Holdings (NYSE:AWH)

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