The stock of Allied World Assurance Co Holdings, AG. (NYSE:AWH) hit a new 52-week high and has $49.43 target or 6.00% above today’s $46.63 share price. The 9 months bullish chart indicates low risk for the $4.08B company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $49.43 price target is reached, the company will be worth $244.80M 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 32,763 shares traded hands. Allied World Assurance Co Holdings, AG. (NYSE:AWH) has risen 26.99% since April 20, 2016 and is uptrending. It has outperformed by 22.43% the S&P500.
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. $45 is the highest target while $32 is the lowest. The $40 average target is -14.22% below today’s ($46.63) stock price. Allied World Assurance Co Holdings AG. has been the topic of 10 analyst reports since September 22, 2015 according to StockzIntelligence Inc. The rating was maintained by Barclays Capital on Wednesday, July 20 with “Equalweight”. As per Tuesday, June 28, the company rating was initiated by JP Morgan. The firm has “Hold” rating given on Tuesday, September 22 by TheStreet. The stock of Allied World Assurance Co Holdings, AG. (NYSE:AWH) has “Equal-Weight” rating given on Thursday, October 22 by Barclays Capital. The firm has “Underperform” rating by BMO Capital Markets given on Monday, March 28. M Partners maintained Allied World Assurance Co Holdings, AG. (NYSE:AWH) on Wednesday, July 20 with “Buy” rating. The stock of Allied World Assurance Co Holdings, AG. (NYSE:AWH) earned “Overweight” rating by Piper Jaffray on Thursday, December 10.
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 decreased to 0.85 in 2016 Q2. Its down 0.18, from 1.03 in 2016Q1. The ratio dropped, 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.
D E Shaw has invested 0.06% of its portfolio in Allied World Assurance Co Holdings, AG. (NYSE:AWH). Ubs Asset Mgmt Americas holds 95,390 shares or 0% of its portfolio. Salzhauer Michael has 0.21% invested in the company for 7,500 shares. Tower Rech Capital Ltd Liability Corp (Trc), a New York-based fund reported 200 shares. Martingale Asset Mngmt Limited Partnership accumulated 0.22% or 373,684 shares. Thrivent Fincl For Lutherans last reported 327,220 shares in the company. Yorktown Mngmt & Rech accumulated 6,000 shares or 0.05% of the stock. Ngam L P reported 18,867 shares or 0.01% of all its holdings. Cap Fund Mgmt holds 0.03% or 92,276 shares in its portfolio. Kanaly Trust accumulated 264 shares or 0% of the stock. The New Jersey-based Kcg Inc has invested 0.01% in Allied World Assurance Co Holdings, AG. (NYSE:AWH). Cubist Systematic Strategies Limited Company reported 62,682 shares or 0.13% of all its holdings. Bnp Paribas Arbitrage owns 9,812 shares or 0% of their US portfolio. Paradice Invest Mngmt, a Colorado-based fund reported 1.52 million shares. Parametric Assocs Ltd holds 0.02% or 338,159 shares in its portfolio.
More news for Allied World Assurance Co Holdings, AG. (NYSE:AWH) were recently published by: Fool.com, which released: “Why Allied World Assurance Co. Holdings, AG Stock Is Soaring Today” on July 20, 2016. Marketwatch.com‘s article titled: “Allied World Assurance Co. Holdings Ltd.” and published on December 21, 2009 is yet another important article.
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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