OMERS ADMINISTRATION Corp raised its stake in Allied World Assurance Co. (NYSE:AWH) by 6.3% during the third quarter, Holdings Channel reports. The institutional investor owned 47,400 shares of the company’s stock after buying an additional 2,800 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Allied World Assurance were worth $1,916,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Columbia Wanger Asset Management LLC purchased a new stake in Allied World Assurance during the second quarter worth about $33,149,000. Lord Abbett & CO. LLC boosted its stake in Allied World Assurance by 47.0% in the second quarter. Lord Abbett & CO. LLC now owns 863,271 shares of the company’s stock worth $30,335,000 after buying an additional 276,138 shares in the last quarter. Raymond James & Associates boosted its stake in Allied World Assurance by 105.5% in the second quarter. Raymond James & Associates now owns 498,050 shares of the company’s stock worth $17,501,000 after buying an additional 255,678 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Allied World Assurance by 8.1% in the third quarter. JPMorgan Chase & Co. now owns 2,890,310 shares of the company’s stock worth $116,827,000 after buying an additional 216,696 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Allied World Assurance by 3.3% in the second quarter. Vanguard Group Inc. now owns 6,257,868 shares of the company’s stock worth $219,901,000 after buying an additional 200,934 shares in the last quarter. 88.65% of the stock is currently owned by institutional investors.
Allied World Assurance Co. (NYSE:AWH) traded down 0.43% during trading on Thursday, reaching $52.86. The company’s stock had a trading volume of 1,330,078 shares. The stock has a market cap of $4.60 billion, a P/E ratio of 16.10 and a beta of 0.55. Allied World Assurance Co. has a 1-year low of $30.29 and a 1-year high of $54.00. The company’s 50 day moving average price is $50.60 and its 200-day moving average price is $43.59.
Allied World Assurance (NYSE:AWH) last released its quarterly earnings data on Monday, October 31st. The company reported $0.62 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.03. Allied World Assurance had a net margin of 11.14% and a return on equity of 6.73%. The business earned $647.20 million during the quarter, compared to analyst estimates of $352.73 million. During the same period in the previous year, the business earned $0.55 earnings per share. The business’s quarterly revenue was up 10.9% on a year-over-year basis. Equities analysts forecast that Allied World Assurance Co. will post $2.80 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 29th. Investors of record on Tuesday, December 20th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, December 16th. This represents a $1.04 annualized dividend and a yield of 1.97%. Allied World Assurance’s payout ratio is currently 31.52%.
A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Allied World Assurance from a “sell” rating to a “hold” rating in a research report on Tuesday, January 3rd. JPMorgan Chase & Co. cut Allied World Assurance from an “overweight” rating to a “neutral” rating in a research report on Friday, January 6th. MKM Partners cut Allied World Assurance from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $45.00 to $54.00 in a research report on Tuesday, December 20th. JMP Securities cut Allied World Assurance from an “outperform” rating to a “market perform” rating in a research report on Wednesday, December 21st. Finally, Macquarie cut Allied World Assurance from an “outperform” rating to a “neutral” rating in a research report on Friday, December 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. Allied World Assurance presently has a consensus rating of “Hold” and a consensus price target of $42.71.
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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