Allied World Assurance Co. (NYSE:AWH) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “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. “

AWH has been the topic of a number of other reports. BMO Capital Markets raised their price target on Allied World Assurance from $33.00 to $39.00 and gave the stock an “underperform” rating in a research note on Tuesday, July 26th. JPMorgan Chase & Co. started coverage on Allied World Assurance in a research note on Tuesday, June 28th. They issued an “overweight” rating and a $41.00 price target on the stock. Barclays PLC raised their price target on Allied World Assurance from $35.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 20th. Finally, MKM Partners raised their price target on Allied World Assurance from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $41.75.

Analyst Recommendations for Allied World Assurance (NYSE:AWH)

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Shares of Allied World Assurance (NYSE:AWH) traded up 0.33% during trading on Tuesday, reaching $40.12. The company’s stock had a trading volume of 396,448 shares. The company has a 50 day moving average of $40.27 and a 200 day moving average of $37.18. The company has a market cap of $3.50 billion, a PE ratio of 20.81 and a beta of 0.46. Allied World Assurance has a 12-month low of $30.29 and a 12-month high of $42.10.

Allied World Assurance (NYSE:AWH) last posted its earnings results on Tuesday, July 19th. The company reported $0.91 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.52. The business earned $738.50 million during the quarter, compared to analyst estimates of $626.95 million. Allied World Assurance had a return on equity of 6.65% and a net margin of 6.81%. On average, analysts anticipate that Allied World Assurance will post $2.78 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Tuesday, September 20th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, September 16th. This represents a $1.04 annualized dividend and a yield of 2.59%. Allied World Assurance’s dividend payout ratio (DPR) is presently 53.06%.

A number of institutional investors have recently added to or reduced their stakes in the stock. TimesSquare Capital Management LLC increased its position in Allied World Assurance by 184.3% in the first quarter. TimesSquare Capital Management LLC now owns 2,898,300 shares of the company’s stock valued at $101,267,000 after buying an additional 1,878,700 shares during the period. Columbia Wanger Asset Management LLC acquired a new position in shares of Allied World Assurance during the second quarter valued at approximately $33,149,000. Norges Bank acquired a new position in shares of Allied World Assurance during the fourth quarter valued at approximately $32,788,000. TIAA CREF Investment Management LLC increased its position in shares of Allied World Assurance by 66.9% in the first quarter. TIAA CREF Investment Management LLC now owns 953,571 shares of the company’s stock valued at $33,318,000 after buying an additional 382,094 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Allied World Assurance by 13.7% in the second quarter. JPMorgan Chase & Co. now owns 2,673,614 shares of the company’s stock valued at $93,951,000 after buying an additional 321,169 shares during the last quarter. Institutional investors own 88.88% of the company’s stock.

About Allied World Assurance

Allied World Assurance Company Holdings Ltd is a holding company. The Company provides property, casualty and specialty insurance and reinsurance solutions to clients around the world. It operates in three segments: North American Insurance, Global Markets Insurance and Reinsurance. It leases space in Australia, Bermuda, Canada, England, Hong Kong, Ireland, Labuan, Singapore and the United States.

5 Day Chart for NYSE:AWH

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