Analysts Set Allied World Assurance Co. (NYSE:AWH) PT at $40.86
Shares of Allied World Assurance Co. (NYSE:AWH) have earned an average rating of “Hold” from the nine brokerages that are presently covering the stock. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $40.86.
AWH has been the subject of several recent analyst reports. MKM Partners boosted their target price on Allied World Assurance from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, July 20th. Barclays PLC lifted their price target on Allied World Assurance from $35.00 to $40.00 and gave the stock an “equal weight” rating in a research note 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 target for the company in a research note on Friday, July 22nd. JPMorgan Chase & Co. assumed coverage on Allied World Assurance in a research note on Tuesday, June 28th. They set an “overweight” rating and a $41.00 price target for the company. Finally, BMO Capital Markets lifted their price target on Allied World Assurance from $33.00 to $39.00 and gave the stock an “underperform” rating in a research note on Tuesday, July 26th.
Shares of Allied World Assurance (NYSE:AWH) opened at 43.68 on Thursday. The company’s 50-day moving average price is $40.64 and its 200 day moving average price is $37.81. Allied World Assurance has a 1-year low of $30.29 and a 1-year high of $43.89. The firm has a market cap of $3.82 billion, a PE ratio of 22.66 and a beta of 0.55.
Allied World Assurance (NYSE:AWH) last posted its earnings results on Tuesday, July 19th. The company reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.52. Allied World Assurance had a return on equity of 6.65% and a net margin of 6.81%. The business earned $738.50 million during the quarter, compared to analysts’ expectations of $626.95 million. On average, analysts predict that Allied World Assurance will post $2.78 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Tuesday, September 20th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date was Friday, September 16th. Allied World Assurance’s dividend payout ratio (DPR) is presently 53.06%.
Several large investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Allied World Assurance during the fourth quarter worth $32,788,000. Virginia Retirement System acquired a new position in Allied World Assurance during the first quarter worth approximately $744,000. Pacad Investment Ltd. raised 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 worth $241,000 after buying an additional 398 shares during the last quarter. Ngam Advisors L.P. raised its position in Allied World Assurance by 26.3% in the first quarter. Ngam Advisors L.P. now owns 14,754 shares of the company’s stock worth $516,000 after buying an additional 3,069 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its position in Allied World Assurance by 66.9% in the first quarter. TIAA CREF Investment Management LLC now owns 953,571 shares of the company’s stock worth $33,318,000 after buying an additional 382,094 shares during the last quarter. 88.85% of the stock is owned by institutional investors.
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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