Allied World Assurance Co. (AWH) Receives $40.86 Average PT from Analysts
Allied World Assurance Co. (NYSE:AWH) has received a consensus rating of “Hold” from the ten analysts that are presently covering the company. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $40.86.
Several brokerages have recently issued reports on AWH. BMO Capital Markets raised their target price on shares of Allied World Assurance from $33.00 to $39.00 and gave the stock an “underperform” rating in a report on Tuesday, July 26th. Barclays PLC raised their target price on shares of Allied World Assurance from $35.00 to $40.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 20th. Bank of America Corp. restated a “neutral” rating on shares of Allied World Assurance in a report on Saturday, October 22nd. Zacks Investment Research cut shares of Allied World Assurance from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 20th. Finally, MKM Partners lifted their price target on shares of Allied World Assurance from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, July 20th.
Shares of Allied World Assurance (NYSE:AWH) opened at 45.84 on Thursday. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 13.96 and a beta of 0.49. The stock has a 50 day moving average of $42.97 and a 200 day moving average of $39.30. Allied World Assurance has a 1-year low of $30.29 and a 1-year high of $45.85.
Allied World Assurance (NYSE:AWH) last issued its earnings results on Monday, October 31st. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by $0.03. Allied World Assurance had a return on equity of 6.73% and a net margin of 11.14%. The firm earned $647.20 million during the quarter, compared to the consensus estimate of $352.73 million. During the same quarter in the prior year, the business posted $0.55 EPS. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, equities analysts forecast that Allied World Assurance will post $2.81 EPS for the current year.
Institutional investors have recently made changes to their positions in the stock. J.Safra Asset Management Corp purchased a new position in shares of Allied World Assurance during the second quarter valued at approximately $100,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Allied World Assurance during the third quarter valued at approximately $129,000. KBC Group NV raised its position in shares of Allied World Assurance by 140.6% in the third quarter. KBC Group NV now owns 3,407 shares of the company’s stock valued at $138,000 after buying an additional 1,991 shares in the last quarter. Societe Generale purchased a new position in shares of Allied World Assurance during the second quarter valued at approximately $122,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Allied World Assurance by 85.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,764 shares of the company’s stock valued at $152,000 after buying an additional 1,735 shares in the last quarter. 88.89% of the stock is owned by institutional investors and hedge funds.
Allied World Assurance Company Profile
Allied World Assurance Company Holdings Ltd is a holding company. The Company provides property, casualty and specialty insurance and reinsurance solutions to clients around the world. It operates in three segments: North American Insurance, Global Markets Insurance and Reinsurance. It leases space in Australia, Bermuda, Canada, England, Hong Kong, Ireland, Labuan, Singapore and the United States.
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