Allied World Assurance Company Holdings, AG (NYSE:AWH) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also recently issued reports on the company. Zacks Investment Research upgraded Allied World Assurance Company Holdings, AG from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Monday, April 24th. Evercore ISI started coverage on Allied World Assurance Company Holdings, AG in a report on Monday, June 5th. They issued an “in-line” rating and a $24.50 target price on the stock. Finally, BidaskClub upgraded Allied World Assurance Company Holdings, AG from a “strong sell” rating to a “sell” rating in a report on Thursday, June 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $43.30.

Allied World Assurance Company Holdings, AG (NYSE AWH) traded up 0.42% on Friday, reaching $48.20. 1,122,727 shares of the company traded hands. Allied World Assurance Company Holdings, AG has a one year low of $34.35 and a one year high of $54.46. The firm has a 50 day moving average of $52.53 and a 200-day moving average of $52.76. The stock has a market capitalization of $4.22 billion, a PE ratio of 16.47 and a beta of 0.69.

Allied World Assurance Company Holdings, AG (NYSE:AWH) last posted its quarterly earnings results on Wednesday, April 26th. The insurance provider reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by $0.12. The business had revenue of $676 million for 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%. Allied World Assurance Company Holdings, AG’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.65 earnings per share. On average, analysts anticipate that Allied World Assurance Company Holdings, AG will post $2.48 EPS for the current year.

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A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Allied World Assurance Company Holdings, AG by 10,609.4% in the first quarter. BlackRock Inc. now owns 3,670,112 shares of the insurance provider’s stock valued at $194,882,000 after buying an additional 3,635,842 shares during the period. Credit Suisse AG boosted its position in shares of Allied World Assurance Company Holdings, AG by 76.6% in the first quarter. Credit Suisse AG now owns 3,189,368 shares of the insurance provider’s stock valued at $169,355,000 after buying an additional 1,383,692 shares during the period. Cowen Group Inc. boosted its position in shares of Allied World Assurance Company Holdings, AG by 964.2% in the first quarter. Cowen Group Inc. now owns 1,158,012 shares of the insurance provider’s stock valued at $61,490,000 after buying an additional 1,049,197 shares during the period. Vivaldi Asset Management LLC bought a new position in shares of Allied World Assurance Company Holdings, AG during the first quarter valued at $52,698,000. Finally, Norges Bank bought a new position in shares of Allied World Assurance Company Holdings, AG during the fourth quarter valued at $48,510,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

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.

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Analyst Recommendations for Allied World Assurance Company Holdings, AG (NYSE:AWH)

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