Karp Capital Management Corp Acquires New Position in Allied World Assurance Company Holdings Ltd (AWH)

Karp Capital Management Corp Acquires New Position in Allied World Assurance Company Holdings Ltd (AWH)

Several other large investors have also made changes to their positions in AWH. Martingale Asset Management L P boosted its stake in shares of Allied World Assurance Company Holdings by 9.0% in the fourth quarter. Martingale Asset Management L P now owns 455,983 shares of the insurance provider’s stock worth $24,492,000 after buying an additional 37,794 shares during the last quarter. State Street Corp boosted its stake in shares of Allied World Assurance Company Holdings by 4.0% in the fourth quarter. State Street Corp now owns 1,985,690 shares of the insurance provider’s stock worth $106,653,000 after buying an additional 76,266 shares during the last quarter. Cadence Capital Management LLC boosted its stake in shares of Allied World Assurance Company Holdings by 15.0% in the fourth quarter. Cadence Capital Management LLC now owns 11,401 shares of the insurance provider’s stock worth $612,000 after buying an additional 1,486 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Allied World Assurance Company Holdings during the fourth quarter worth approximately $3,318,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in shares of Allied World Assurance Company Holdings during the third quarter worth approximately $1,024,000. 87.16% of the stock is owned by institutional investors and hedge funds.

Karp Capital Management Corp bought a new position in shares of Allied World Assurance Company Holdings Ltd (NYSE:AWH) during the first quarter, Holdings Channel reports. The fund bought 47,695 shares of the insurance provider’s stock, valued at approximately $2,533,000.

Allied World Assurance Company Holdings Ltd (AWH) opened at 52.95 on Tuesday. The company’s 50-day moving average is $52.91 and its 200 day moving average is $51.70. The stock has a market capitalization of $4.63 billion, a PE ratio of 18.09 and a beta of 0.58. Allied World Assurance Company Holdings Ltd has a 12-month low of $33.20 and a 12-month high of $54.46.

Allied World Assurance Company Holdings (NYSE:AWH) last issued its quarterly earnings data on Wednesday, April 26th. The insurance provider reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.12. The firm had revenue of $676 million during the quarter, compared to the consensus estimate of $723.40 million. Allied World Assurance Company Holdings had a net margin of 9.91% and a return on equity of 6.69%. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 earnings per share. On average, analysts predict that Allied World Assurance Company Holdings Ltd will post $2.44 EPS for the current year.

Separately, Zacks Investment Research raised shares of Allied World Assurance Company Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, March 21st. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $46.60.

Allied World Assurance Company Holdings Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AWH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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