Allied World Assurance Company Holdings Ltd (NYSE:AWH) has been given an average recommendation of “Hold” by the nine research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $39.25.

AWH has been the topic of several research analyst reports. Zacks Investment Research cut Allied World Assurance Company Holdings from a “buy” rating to a “hold” rating in a research report on Monday, May 8th. Evercore ISI initiated coverage on Allied World Assurance Company Holdings in a research report on Monday, June 5th. They set an “in-line” rating and a $24.50 price target on the stock. BidaskClub upgraded Allied World Assurance Company Holdings from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. Finally, ValuEngine upgraded Allied World Assurance Company Holdings from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th.

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Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Allied World Assurance Company Holdings 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 in the last quarter. Bluefin Trading LLC bought a new stake in Allied World Assurance Company Holdings during the second quarter valued at $95,286,000. Credit Suisse AG raised its stake in Allied World Assurance Company Holdings 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 in the last quarter. Glazer Capital LLC raised its stake in Allied World Assurance Company Holdings by 5,409.4% in the second quarter. Glazer Capital LLC now owns 1,377,360 shares of the insurance provider’s stock valued at $72,862,000 after buying an additional 1,352,360 shares in the last quarter. Finally, Cowen Group Inc. raised its stake in Allied World Assurance Company Holdings by 964.2% in the first quarter. Cowen Group Inc. now owns 1,158,012 shares of the insurance provider’s stock valued at $61,490,000 after buying an additional 1,049,197 shares in the last quarter. 86.52% of the stock is owned by institutional investors and hedge funds.

Allied World Assurance Company Holdings (NYSE AWH) traded down 1.34% on Tuesday, reaching $49.24. The company had a trading volume of 206,590 shares. The company’s 50-day moving average is $49.10 and its 200-day moving average is $51.94. Allied World Assurance Company Holdings has a 52-week low of $39.09 and a 52-week high of $54.46.

About Allied World Assurance Company Holdings

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.

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

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