Notable Reporting: Could Allied World Assurance Co Holdings, AG. Lose its Strength? The Stock Reaches 52-Week High

Notable Reporting: Could Allied World Assurance Co Holdings, AG. Lose its Strength? The Stock Reaches 52 Week High

The stock of Allied World Assurance Co Holdings, AG. (NYSE:AWH) hit a new 52-week high and has $48.46 target or 3.00% above today’s $47.05 share price. The 7 months bullish chart indicates low risk for the $4.11 billion company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $48.46 price target is reached, the company will be worth $123.30 million 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 101,936 shares traded hands. Allied World Assurance Co Holdings, AG. (NYSE:AWH) has risen 30.57% since April 25, 2016 and is uptrending. It has outperformed by 24.56% the S&P500.

Analysts await Allied World Assurance Co Holdings, AG. (NYSE:AWH) to report earnings on February, 1. They expect $0.66 EPS, up 40.43% or $0.19 from last year’s $0.47 per share. AWH’s profit will be $57.65 million for 17.82 P/E if the $0.66 EPS becomes a reality. After $0.62 actual EPS reported by Allied World Assurance Co Holdings, AG. for the previous quarter, Wall Street now forecasts 6.45% 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. $45 is the highest target while $32 is the lowest. The $40 average target is -14.98% below today’s ($47.05) stock price. Allied World Assurance Co Holdings AG. has been the topic of 10 analyst reports since September 22, 2015 according to StockzIntelligence Inc. Barclays Capital maintained Allied World Assurance Co Holdings, AG. (NYSE:AWH) on Thursday, October 22 with “Equal-Weight” rating. JP Morgan initiated the stock with “Neutral” rating in Tuesday, June 28 report. BMO Capital Markets downgraded Allied World Assurance Co Holdings, AG. (NYSE:AWH) on Monday, March 28 to “Underperform” rating. The firm has “Hold” rating given on Tuesday, September 22 by TheStreet. M Partners maintained the stock with “Buy” rating in Wednesday, July 20 report. The rating was maintained by Barclays Capital on Wednesday, July 20 with “Equalweight”. The rating was initiated by Piper Jaffray on Thursday, December 10 with “Overweight”.

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 Q2 2016. Its down 0.18, from 1.03 in 2016Q1. The ratio fall, 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.
Signaturefd Ltd Llc accumulated 0.05% or 10,133 shares. Artisan Prtnrs Lp holds 0.2% or 2.65 million shares in its portfolio. State Of Wisconsin Investment Board holds 57,008 shares or 0.01% of its portfolio. Blackrock holds 0% of its portfolio in Allied World Assurance Co Holdings, AG. (NYSE:AWH) for 37,159 shares. Salzhauer Michael holds 0.21% of its portfolio in Allied World Assurance Co Holdings, AG. (NYSE:AWH) for 7,500 shares. Amalgamated Retail Bank last reported 0.02% of its portfolio in the stock. Retail Bank Of America Corporation De owns 316,481 shares or 0% of their US portfolio. Walleye Trading Limited Liability Co reported 12,464 shares or 0% of all its holdings. Moreover, Us Bank & Trust De has 0% invested in Allied World Assurance Co Holdings, AG. (NYSE:AWH) for 1,372 shares. Prudential owns 89,725 shares or 0.01% of their US portfolio. Retail Bank Of Montreal Can has invested 0.01% of its portfolio in Allied World Assurance Co Holdings, AG. (NYSE:AWH). Invesco accumulated 95,791 shares or 0% of the stock. Polar Cap Limited Liability Partnership last reported 350,000 shares in the company. Rhumbline Advisers accumulated 0.01% or 67,130 shares. The New York-based Citigroup has invested 0% in Allied World Assurance Co Holdings, AG. (NYSE:AWH).

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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