Capital Fund Management S.A. cut its stake in shares of Allied World Assurance Co. (NYSE:AWH) by 54.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 92,276 shares of the company’s stock after selling 109,524 shares during the period. Capital Fund Management S.A.’s holdings in Allied World Assurance were worth $3,243,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the stock. American Century Companies Inc. boosted its position in shares of Allied World Assurance by 4.8% in the second quarter. American Century Companies Inc. now owns 1,170,281 shares of the company’s stock worth $41,124,000 after buying an additional 53,949 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of Allied World Assurance during the second quarter worth $4,466,000. Meeder Asset Management Inc. purchased a new position in shares of Allied World Assurance during the second quarter worth $675,000. Reinhart Partners Inc. boosted its position in shares of Allied World Assurance by 4.7% in the second quarter. Reinhart Partners Inc. now owns 45,930 shares of the company’s stock worth $1,614,000 after buying an additional 2,080 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of 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 worth $349,000 after buying an additional 689 shares in the last quarter. 88.85% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Allied World Assurance Co. (NYSE:AWH) traded up 5.49% during midday trading on Tuesday, hitting $42.45. The stock had a trading volume of 2,138,174 shares. Allied World Assurance Co. has a 52-week low of $30.29 and a 52-week high of $42.65. The company has a market cap of $3.71 billion, a PE ratio of 22.02 and a beta of 0.55. The company’s 50 day moving average is $40.33 and its 200 day moving average is $37.68.
Allied World Assurance (NYSE:AWH) last released its quarterly earnings data on Tuesday, July 19th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.52. The firm 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, analysts anticipate that Allied World Assurance Co. will post $2.78 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Investors of record on Tuesday, September 20th were given a $0.26 dividend. The ex-dividend date of this dividend was Friday, September 16th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.45%. Allied World Assurance’s dividend payout ratio is currently 53.06%.
AWH has been the topic of a number of research reports. MKM Partners raised their price objective on Allied World Assurance from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, July 20th. Zacks Investment Research raised Allied World Assurance from a “sell” rating to a “hold” rating and set a $48.00 price objective on the stock in a report on Friday, July 22nd. Barclays PLC raised their price objective on Allied World Assurance from $35.00 to $40.00 and gave the company an “equal weight” rating in a report on Wednesday, July 20th. JPMorgan Chase & Co. initiated coverage on Allied World Assurance in a report on Tuesday, June 28th. They set an “overweight” rating and a $41.00 price objective on the stock. Finally, BMO Capital Markets raised their price objective on Allied World Assurance from $33.00 to $39.00 and gave the company an “underperform” rating in a report on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Allied World Assurance currently has a consensus 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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