Market Runner: What’s in Allied World Assurance Co Holdings, AG. After Reaching All-Time High?

Market Runner: What's in Allied World Assurance Co Holdings, AG. After Reaching All Time High?

The stock of Allied World Assurance Co Holdings, AG. (NYSE:AWH) reached all time high today, Nov, 14 and still has $62.13 target or 37.00% above today’s $45.35 share price. This indicates more upside for the $4.05 billion company. This technical setup was reported by Barchart.com. If the $62.13 PT is reached, the company will be worth $1.50B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 194,459 shares traded hands. Allied World Assurance Co Holdings, AG. (NYSE:AWH) has risen 27.03% since April 12, 2016 and is uptrending. It has outperformed by 22.05% 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. The firm has “Underperform” rating given on Monday, March 28 by BMO Capital Markets. As per Thursday, December 10, the company rating was initiated by Piper Jaffray. 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. The stock has “Neutral” rating given by JP Morgan on Tuesday, June 28. M Partners maintained Allied World Assurance Co Holdings, AG. (NYSE:AWH) on Wednesday, July 20 with “Buy” rating. TheStreet downgraded the shares of AWH in a report on Tuesday, September 22 to “Hold” rating. The company was maintained on Wednesday, July 20 by Barclays Capital.

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 Q2 2016. Its up 0.16, from 0.87 in 2016Q1. The ratio is positive, 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.
Blair William & Co Il accumulated 0% or 13,154 shares. Foundry Partners Ltd Liability Corporation, a Minnesota-based fund reported 198,446 shares. Kanaly has 264 shares for 0% of their US portfolio. Cipher Lp has invested 0.21% of its portfolio in Allied World Assurance Co Holdings, AG. (NYSE:AWH). Fund Mngmt Sa has 92,276 shares for 0.03% of their US portfolio. Polar Cap Limited Liability Partnership last reported 350,000 shares in the company. Cadence Capital Mngmt Limited Liability Company has invested 0.08% of its portfolio in Allied World Assurance Co Holdings, AG. (NYSE:AWH). Jpmorgan Chase holds 0.02% of its portfolio in Allied World Assurance Co Holdings, AG. (NYSE:AWH) for 2.67M shares. Fayez Sarofim And Company has 0.03% invested in the company for 157,020 shares. Sei, a Pennsylvania-based fund reported 109,995 shares. Yorktown Mgmt And Rech Inc holds 6,000 shares or 0.05% of its portfolio. Bar Harbor Trust Service has 152,360 shares for 2.64% of their US portfolio. State Bank Of Montreal Can holds 0.01% of its portfolio in Allied World Assurance Co Holdings, AG. (NYSE:AWH) for 127,095 shares. Artisan Partners Partnership holds 0.2% or 2.65 million shares in its portfolio. Moreover, Delta Asset Mgmt Ltd Tn has 0% invested in Allied World Assurance Co Holdings, AG. (NYSE:AWH) for 666 shares.

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. Businesswire.com‘s article titled: “Allied World Asia-Pacific Strengthens Casualty Team with Two New Appointments” and published on November 14, 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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