Meeder Asset Management Inc. raised its position in Allied World Assurance Company Holdings, AG (NYSE:AWH) by 213.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,287 shares of the insurance provider’s stock after buying an additional 7,691 shares during the period. Meeder Asset Management Inc.’s holdings in Allied World Assurance Company Holdings, AG were worth $597,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. New York State Teachers Retirement System raised its stake in Allied World Assurance Company Holdings, AG by 2.6% in the fourth quarter. New York State Teachers Retirement System now owns 7,800 shares of the insurance provider’s stock worth $419,000 after buying an additional 200 shares during the period. A.R.T. Advisors LLC purchased a new stake in shares of Allied World Assurance Company Holdings, AG during the fourth quarter worth $209,000. Guggenheim Capital LLC raised its stake in shares of Allied World Assurance Company Holdings, AG by 1.4% in the fourth quarter. Guggenheim Capital LLC now owns 25,047 shares of the insurance provider’s stock worth $1,346,000 after buying an additional 336 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Allied World Assurance Company Holdings, AG by 10.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,161 shares of the insurance provider’s stock worth $107,000 after buying an additional 207 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of Allied World Assurance Company Holdings, AG by 2.3% in the fourth quarter. Teachers Advisors LLC now owns 627,051 shares of the insurance provider’s stock worth $33,679,000 after buying an additional 13,852 shares during the last quarter. Institutional investors own 86.52% of the company’s stock.
Shares of Allied World Assurance Company Holdings, AG (NYSE:AWH) traded down 1.34% on Friday, reaching $49.24. 206,590 shares of the company’s stock traded hands. The company has a 50 day moving average of $50.87 and a 200-day moving average of $52.50. Allied World Assurance Company Holdings, AG has a 52 week low of $39.09 and a 52 week high of $54.46. The stock has a market capitalization of $4.31 billion, a PE ratio of 16.82 and a beta of 0.69.
Allied World Assurance Company Holdings, AG (NYSE:AWH) last issued its earnings results on Wednesday, April 26th. The insurance provider reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.12. The business had revenue of $676 million for the quarter, compared to analyst estimates of $723.40 million. Allied World Assurance Company Holdings, AG had a return on equity of 6.35% and a net margin of 10.20%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period last year, the company posted $0.65 earnings per share. Equities research analysts forecast that Allied World Assurance Company Holdings, AG will post $2.48 earnings per share for the current year.
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A number of brokerages have recently weighed in on AWH. Zacks Investment Research lowered shares of Allied World Assurance Company Holdings, AG from a “buy” rating to a “hold” rating in a report on Monday, May 8th. BidaskClub upgraded shares of Allied World Assurance Company Holdings, AG from a “strong sell” rating to a “sell” rating in a report on Thursday, June 29th. Evercore ISI assumed coverage on shares of Allied World Assurance Company Holdings, AG in a research note on Monday, June 5th. They set an “in-line” rating and a $24.50 price target on the stock. Finally, ValuEngine lowered shares of Allied World Assurance Company Holdings, AG from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Allied World Assurance Company Holdings, AG currently has an average rating of “Hold” and a consensus target price of $45.83.
About Allied World Assurance Company Holdings, AG
Allied World Assurance Company Holdings, AG is a holding company. The Company provides property, casualty and specialty insurance and reinsurance solutions to clients around the world. The Company operates in three segments: North American Insurance, Global Markets Insurance and Reinsurance. The North American Insurance segment consists of the Company’s direct insurance operations in the United States, Bermuda and Canada.
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