The stock of Allied World Assurance Co Holdings, AG. (NYSE:AWH) hit a new 52-week high and has $67.55 target or 50.00% above today’s $45.03 share price. The 6 months bullish chart indicates low risk for the $3.97B company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $67.55 price target is reached, the company will be worth $1.99B 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 451,015 shares traded hands. Allied World Assurance Co Holdings, AG. (NYSE:AWH) has risen 25.51% since April 11, 2016 and is uptrending. It has outperformed by 19.36% 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. Allied World Assurance Co Holdings AG. has been the topic of 10 analyst reports since September 22, 2015 according to StockzIntelligence Inc. M Partners maintained the shares of AWH in a report on Wednesday, July 20 with “Buy” rating. On Tuesday, September 22 the stock rating was downgraded by TheStreet to “Hold”. JP Morgan initiated the shares of AWH in a report on Tuesday, June 28 with “Neutral” rating. The company was downgraded on Monday, March 28 by BMO Capital Markets. The firm has “Overweight” rating by Piper Jaffray given on Thursday, December 10. Barclays Capital maintained the shares of AWH in a report on Wednesday, July 20 with “Equalweight” rating. Barclays Capital maintained Allied World Assurance Co Holdings, AG. (NYSE:AWH) rating on Thursday, October 22. Barclays Capital has “Equal-Weight” rating and $41 price target.
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 increased to 1.03 in 2016 Q2. Its up 0.16, from 0.87 in 2016Q1. The ratio increased, 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.
Ubs Asset Mgmt Americas accumulated 0% or 95,390 shares. Polar Llp accumulated 350,000 shares or 0.23% of the stock. The Missouri-based American Century has invested 0.05% in Allied World Assurance Co Holdings, AG. (NYSE:AWH). State Of Wisconsin Inv Board last reported 0.01% of its portfolio in the stock. Lsv Asset Mngmt reported 276,601 shares or 0.02% of all its holdings. Steinberg Global Asset holds 0.04% or 7,125 shares in its portfolio. Capstone Advisors Ltd Liability Corp has 16,500 shares for 0.01% of their US portfolio. Meeder Asset Management has 0.06% invested in the company for 19,209 shares. Parametric Associates Lc reported 338,159 shares or 0.02% of all its holdings. First Republic Invest Mgmt accumulated 44,502 shares or 0.02% of the stock. Moreover, Blair William Company Il has 0% invested in Allied World Assurance Co Holdings, AG. (NYSE:AWH) for 13,154 shares. Nomura Asset last reported 2,180 shares in the company. Livforsakringsbolaget Skandia Omsesidigt accumulated 0.01% or 4,077 shares. Putnam Investments Ltd Liability Company, a Massachusetts-based fund reported 299,007 shares. Aston Asset Mngmt Limited Liability owns 27,558 shares or 0.59% of their US 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. Equitiesfocus.com‘s article titled: “Dividend Payout Of Allied World Assurance Company Holdings, AG (NYSE:AWH) At $0.26” and published on November 10, 2016 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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