State Street Corp Raises Position in Allied World Assurance Company Holdings, AG (AWH)

State Street Corp boosted its stake in shares of Allied World Assurance Company Holdings, AG (NYSE:AWH) by 0.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,987,012 shares of the insurance provider’s stock after buying an additional 1,322 shares during the period. State Street Corp owned approximately 2.27% of Allied World Assurance Company Holdings, AG worth $105,512,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Allied World Assurance Company Holdings, AG by 10.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,161 shares of the insurance provider’s stock valued at $107,000 after buying an additional 207 shares during the period. Meeder Asset Management Inc. bought a new stake in Allied World Assurance Company Holdings, AG during the first quarter valued at about $190,000. A.R.T. Advisors LLC bought a new stake in Allied World Assurance Company Holdings, AG during the fourth quarter valued at about $209,000. Stephens Inc. AR bought a new stake in Allied World Assurance Company Holdings, AG during the first quarter valued at about $339,000. Finally, SG Americas Securities LLC increased its stake in Allied World Assurance Company Holdings, AG by 11.2% in the first quarter. SG Americas Securities LLC now owns 6,879 shares of the insurance provider’s stock valued at $365,000 after buying an additional 691 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Shares of Allied World Assurance Company Holdings, AG (AWH) opened at 48.02 on Wednesday. Allied World Assurance Company Holdings, AG has a 12 month low of $34.84 and a 12 month high of $54.46. The company has a 50 day moving average price of $52.53 and a 200-day moving average price of $52.76. The stock has a market cap of $4.20 billion, a P/E ratio of 16.41 and a beta of 0.69.

Allied World Assurance Company Holdings, AG (NYSE:AWH) last issued its earnings results on Wednesday, April 26th. The insurance provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.65 by $0.12. The firm had revenue of $676 million during the quarter, compared to the consensus estimate of $723.40 million. Allied World Assurance Company Holdings, AG had a return on equity of 6.35% and a net margin of 10.20%. The company’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 EPS. On average, equities research analysts predict that Allied World Assurance Company Holdings, AG will post $2.48 earnings per share for the current year.

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Several research firms have issued reports on AWH. ValuEngine upgraded Allied World Assurance Company Holdings, AG from a “hold” rating to a “buy” rating in a research report on Saturday. BidaskClub upgraded Allied World Assurance Company Holdings, AG from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. Zacks Investment Research upgraded Allied World Assurance Company Holdings, AG from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 21st. Finally, Evercore ISI began coverage on Allied World Assurance Company Holdings, AG in a research report on Monday, June 5th. They set an “in-line” rating and a $24.50 target price on the stock. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $43.30.

About Allied World Assurance Company Holdings, AG

Allied World Assurance Company Holdings, AG is a holding company. The Company 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.

Institutional Ownership by Quarter for Allied World Assurance Company Holdings, AG (NYSE:AWH)

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