Allied World Assurance Company Holdings, AG (AWH) Coverage Initiated by Analysts at Evercore ISI

Evercore ISI assumed coverage on shares of Allied World Assurance Company Holdings, AG (NYSE:AWH) in a report released on Monday, June 5th, Marketbeat reports. The brokerage issued an in-line rating and a $24.50 target price on the insurance provider’s stock.

Separately, Zacks Investment Research upgraded shares of Allied World Assurance Company Holdings, AG from a hold rating to a buy rating and set a $59.00 price target for the company in a research note on Monday, April 24th. One analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $42.92.

Shares of Allied World Assurance Company Holdings, AG (NYSE AWH) traded down 0.10% during mid-day trading on Monday, reaching $51.95. The company’s stock had a trading volume of 415,548 shares. Allied World Assurance Company Holdings, AG has a 12 month low of $33.20 and a 12 month high of $54.46. The company has a market cap of $4.54 billion, a P/E ratio of 17.75 and a beta of 0.69. The company has a 50-day moving average of $52.63 and a 200-day moving average of $52.55.

Allied World Assurance Company Holdings, AG (NYSE:AWH) last announced its quarterly earnings results on Wednesday, April 26th. The insurance provider reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by $0.12. The company had revenue of $676 million for the quarter, compared to analyst estimates of $723.40 million. Allied World Assurance Company Holdings, AG had a net margin of 10.20% and a return on equity of 6.35%. Allied World Assurance Company Holdings, AG’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.65 earnings per share. Equities research analysts forecast that Allied World Assurance Company Holdings, AG will post $2.48 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AWH. BlackRock Inc. raised its position in 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 worth $194,882,000 after buying an additional 3,635,842 shares during the period. Credit Suisse AG raised its position in 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 worth $169,355,000 after buying an additional 1,383,692 shares during the period. Cowen Group Inc. raised its position in Allied World Assurance Company Holdings, AG by 964.2% in the first quarter. Cowen Group Inc. now owns 1,158,012 shares of the insurance provider’s stock worth $61,490,000 after buying an additional 1,049,197 shares during the period. Alpine Associates Management Inc. bought a new position in shares of Allied World Assurance Company Holdings, AG during the fourth quarter valued at $55,833,000. Finally, Vivaldi Asset Management LLC bought a new position in shares of Allied World Assurance Company Holdings, AG during the first quarter valued at $52,698,000. Institutional investors own 86.50% 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.

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