The stock of Allied World Assurance Co Holdings, AG. (NYSE:AWH) reached all time high today, Nov, 22 and still has $47.70 target or 3.00% above today’s $46.31 share price. This indicates more upside for the $4.06B company. This technical setup was reported by Barchart.com. If the $47.70 PT is reached, the company will be worth $121.80 million 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 109,008 shares traded hands. Allied World Assurance Co Holdings, AG. (NYSE:AWH) has risen 26.99% since April 20, 2016 and is uptrending. It has outperformed by 22.43% 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 stock has “Equalweight” rating given by Barclays Capital on Wednesday, July 20. The company was initiated on Tuesday, June 28 by JP Morgan. The rating was initiated by Piper Jaffray on Thursday, December 10 with “Overweight”. The rating was downgraded by TheStreet to “Hold” on Tuesday, September 22. Barclays Capital maintained the stock with “Equal-Weight” rating in Thursday, October 22 report. The company was downgraded on Monday, March 28 by BMO Capital Markets. The firm has “Buy” rating given on Wednesday, July 20 by M Partners.
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 decreased to 0.85 in 2016 Q2. Its down 0.18, from 1.03 in 2016Q1. The ratio fall, 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.
The Kentucky-based Mcf Advisors Ltd Liability Co has invested 0% in Allied World Assurance Co Holdings, AG. (NYSE:AWH). First Interstate Fincl Bank holds 0% or 117 shares in its portfolio. Goldman Sachs Group Inc reported 1.52M shares or 0.02% of all its holdings. Kbc Gp Nv holds 0% or 1,416 shares in its portfolio. Bar Harbor Tru holds 2.64% of its portfolio in Allied World Assurance Co Holdings, AG. (NYSE:AWH) for 152,360 shares. Segall Bryant And Hamill Ltd holds 9,922 shares or 0.01% of its portfolio. Cwm Llc owns 14 shares or 0% of their US portfolio. Blackrock Ltd, a Delaware-based fund reported 362,537 shares. Federated Incorporated Pa last reported 0% of its portfolio in the stock. Tower Capital Limited Co (Trc) has 200 shares for 0% of their US portfolio. Clearbridge Invs Ltd Llc has 2.01 million shares for 0.08% of their US portfolio. Cadence Mgmt Limited Liability Company accumulated 0.08% or 29,326 shares. Robeco Institutional Asset Mngmt Bv accumulated 0% or 15,296 shares. Point72 Asset Management Ltd Partnership holds 0.02% or 68,500 shares in its portfolio. M&T Bancorporation Corporation last reported 0% of its portfolio in the stock.
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. Marketwatch.com‘s article titled: “Allied World Assurance Co. Holdings Ltd.” and published on December 21, 2009 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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