The stock of Allied World Assurance Co Holdings, AG. (NYSE:AWH) hit a new 52-week high and has $64.59 target or 50.00% above today’s $43.06 share price. The 8 months bullish chart indicates low risk for the $3.97B company. The 1-year high was reported on Oct, 5 by Barchart.com. If the $64.59 price target is reached, the company will be worth $1.99 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 187,640 shares traded hands. Allied World Assurance Co Holdings, AG. (NYSE:AWH) has risen 28.21% since March 2, 2016 and is uptrending. It has outperformed by 19.95% the S&P500.
Analysts await Allied World Assurance Co Holdings, AG. (NYSE:AWH) to report earnings on October, 19. They expect $0.64 EPS, up 16.36% or $0.09 from last year’s $0.55 per share. AWH’s profit will be $59.01 million for 16.82 P/E if the $0.64 EPS becomes a reality. After $0.91 actual EPS reported by Allied World Assurance Co Holdings, AG. for the previous quarter, Wall Street now forecasts -29.67% negative EPS growth.
Allied World Assurance Co Holdings, AG. (NYSE:AWH) Ratings Coverage
Out of 6 analysts covering Allied World Assurance Co Holdings AG. (NYSE:AWH), 2 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 33% are positive. Allied World Assurance Co Holdings AG. has been the topic of 10 analyst reports since September 22, 2015 according to StockzIntelligence Inc. On Wednesday, July 20 the stock rating was maintained by M Partners with “Buy”. The rating was downgraded by BMO Capital Markets to “Underperform” on Monday, March 28. The firm has “Hold” rating by TheStreet given on Tuesday, September 22. The firm has “Neutral” rating by JP Morgan given on Tuesday, June 28. Barclays Capital maintained the shares of AWH in a report on Wednesday, July 20 with “Equalweight” rating. The rating was maintained by Barclays Capital on Thursday, October 22 with “Equal-Weight”. Piper Jaffray initiated the shares of AWH in a report on Thursday, December 10 with “Overweight” rating.
According to Zacks Investment Research, “Allied World Assurance Company Holdings, Ltd, is one of Bermuda’s leading property and casualty insurers. The company, through its operating subsidiaries, offers property and casualty insurance and reinsurance on a worldwide basis. The principal operating subsidiaries of Allied World Assurance Company Holdings, Ltd have A Excellent ratings from A.M. Best Company and A- ratings from Standard and Poor’s.”
Insitutional Activity: The institutional sentiment increased to 1.03 in Q2 2016. Its up 0.16, from 0.87 in 2016Q1. The ratio increased, as 21 funds sold all Allied World Assurance Co Holdings, AG. shares owned while 73 reduced positions. 25 funds bought stakes while 72 increased positions. They now own 75.06 million shares or 4.47% less from 78.58 million shares in 2016Q1.
Aqr Ltd Liability has 1.19M shares for 0.07% of their US portfolio. Blackrock Japan Company Ltd last reported 0% of its portfolio in the stock. Tru Department Mb Financial Bank N A accumulated 108 shares or 0% of the stock. Salzhauer Michael last reported 0.21% of its portfolio in the stock. Dimensional Fund Lp reported 3.08 million shares or 0.06% of all its holdings. Susquehanna Interest Group Incorporated Llp has 42,057 shares for 0% of their US portfolio. The California-based Nicholas Invest Partners L P has invested 2.88% in Allied World Assurance Co Holdings, AG. (NYSE:AWH). California State Teachers Retirement System last reported 0.01% of its portfolio in the stock. Art Advisors Ltd holds 0.04% or 24,582 shares in its portfolio. Principal Fincl Grp accumulated 345,975 shares or 0.02% of the stock. The Utah-based Utah Retirement has invested 0.01% in Allied World Assurance Co Holdings, AG. (NYSE:AWH). Bancorpsouth owns 5,987 shares or 0.02% of their US portfolio. Moreover, Bank Of New York Mellon Corp has 0.01% invested in Allied World Assurance Co Holdings, AG. (NYSE:AWH) for 623,653 shares. Bluemountain Management Ltd holds 42,154 shares or 0.03% of its portfolio. The California-based Blackrock Fund has invested 0.01% in Allied World Assurance Co Holdings, AG. (NYSE:AWH).
More recent Allied World Assurance Co Holdings, AG. (NYSE:AWH) news were published by: Twst.com which released: “AWAC – Allied World Assurance Company Holdings AG: Allied World Schedules …” on October 04, 2016. Also Fool.com published the news titled: “Why Allied World Assurance Co. Holdings, AG Stock Is Soaring Today” on July 20, 2016. Seekingalpha.com‘s news article titled: “Allied World Assurance Company Holdings’ (AWH) CEO Scott Carmilani on Q2 2016 …” with publication date: July 20, 2016 was also an interesting one.
AWH Company Profile
Allied World Assurance Company Holdings, AG, incorporated on May 12, 2010, is a holding company. The Firm provides property, casualty and specialty insurance and reinsurance solutions to clients around the world. The Firm operates in three divisions: North American Insurance, Global Markets Insurance and Reinsurance. The Firm leases space in Australia, Bermuda, Canada, England, Hong Kong, Ireland, Labuan, Singapore and the United States for the operation of its North American Insurance, Global Markets Insurance and Reinsurance divisions.
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