Diversified Trust Co decreased its stake in shares of Allied World Assurance Co. (NYSE:AWH) by 12.0% during the second quarter, Holdings Channel reports. The firm owned 41,850 shares of the company’s stock after selling 5,700 shares during the period. Diversified Trust Co’s holdings in Allied World Assurance were worth $1,471,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Pacad Investment Ltd. boosted its position in Allied World Assurance by 6.1% in the first quarter. Pacad Investment Ltd. now owns 6,900 shares of the company’s stock valued at $241,000 after buying an additional 398 shares during the period. Fox Run Management L.L.C. acquired a new position in Allied World Assurance during the second quarter valued at about $274,000. State of Alaska Department of Revenue boosted its position in Allied World Assurance by 7.5% in the second quarter. State of Alaska Department of Revenue now owns 9,934 shares of the company’s stock valued at $349,000 after buying an additional 689 shares during the period. Nisa Investment Advisors LLC boosted its position in Allied World Assurance by 83.3% in the second quarter. Nisa Investment Advisors LLC now owns 11,000 shares of the company’s stock valued at $387,000 after buying an additional 5,000 shares during the period. Finally, Rafferty Asset Management LLC boosted its position in Allied World Assurance by 49.1% in the first quarter. Rafferty Asset Management LLC now owns 12,588 shares of the company’s stock valued at $440,000 after buying an additional 4,145 shares during the period. 88.85% of the stock is currently owned by hedge funds and other institutional investors.
Allied World Assurance Co. (NYSE:AWH) traded down 2.13% during midday trading on Friday, reaching $40.45. The company’s stock had a trading volume of 372,765 shares. Allied World Assurance Co. has a 12-month low of $30.29 and a 12-month high of $42.10. The company has a market cap of $3.53 billion, a P/E ratio of 20.98 and a beta of 0.46. The firm has a 50 day moving average price of $40.28 and a 200-day moving average price of $37.32.
Allied World Assurance (NYSE:AWH) last posted its quarterly earnings data on Tuesday, July 19th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the 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, equities research analysts predict that Allied World Assurance Co. will post $2.78 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Tuesday, September 20th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Friday, September 16th. Allied World Assurance’s payout ratio is 53.06%.
Several equities analysts have recently issued reports on AWH shares. MKM Partners boosted their target price on Allied World Assurance from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, July 20th. Barclays PLC boosted their target price on Allied World Assurance from $35.00 to $40.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 20th. Zacks Investment Research upgraded Allied World Assurance from a “sell” rating to a “hold” rating and set a $48.00 price target on the stock in a research report on Friday, July 22nd. JPMorgan Chase & Co. initiated coverage on Allied World Assurance in a research report on Tuesday, June 28th. They set an “overweight” rating and a $41.00 price target on the stock. Finally, BMO Capital Markets lifted their price target on Allied World Assurance from $33.00 to $39.00 and gave the company an “underperform” rating in a research report on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $41.75.
Allied World Assurance Company Profile
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.
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