Virginia Retirement Systems ET AL Sold 8,400 Shares of Allied World Assurance Company Stake Ltd (AWH)

Virginia Retirement Systems ET AL Sold 8,400 Shares of Allied World Assurance Company Stake Ltd (AWH)

Virginia Retirement Systems ET AL cut its position in shares of Allied World Assurance Company Holdings Ltd (NYSE:AWH) by 42.0% during the first quarter, Holdings Channel reports. The institutional investor owned 11,600 shares of the insurance provider’s stock after selling 8,400 shares during the period. Virginia Retirement Systems ET AL’s holdings in Allied World Assurance Company Holdings were worth $616,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of AWH. Alpine Associates Management Inc. acquired a new stake in shares of Allied World Assurance Company Holdings during the fourth quarter worth $55,833,000. Norges Bank acquired a new stake in shares of Allied World Assurance Company Holdings during the fourth quarter worth $48,510,000. CNH Partners LLC acquired a new stake in shares of Allied World Assurance Company Holdings during the fourth quarter worth $15,516,000. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in shares of Allied World Assurance Company Holdings by 211.1% in the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 406,620 shares of the insurance provider’s stock worth $21,592,000 after buying an additional 275,920 shares in the last quarter. Finally, Champlain Investment Partners LLC increased its stake in shares of Allied World Assurance Company Holdings by 5.3% in the fourth quarter. Champlain Investment Partners LLC now owns 4,713,355 shares of the insurance provider’s stock worth $253,154,000 after buying an additional 235,655 shares in the last quarter. 87.16% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Allied World Assurance Company Holdings Ltd (NYSE:AWH) opened at 52.70 on Monday. The firm has a 50 day moving average price of $52.86 and a 200-day moving average price of $51.99. The firm has a market cap of $4.61 billion, a P/E ratio of 18.00 and a beta of 0.58. Allied World Assurance Company Holdings Ltd has a one year low of $33.20 and a one year high of $54.46.

Allied World Assurance Company Holdings (NYSE:AWH) last released its quarterly earnings results on Wednesday, April 26th. The insurance provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by $0.12. The firm had revenue of $676 million for the quarter, compared to analysts’ expectations 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 firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 earnings per share. Analysts forecast that Allied World Assurance Company Holdings Ltd will post $2.44 earnings per share for the current year.

AWH has been the topic of a number of research analyst reports. Zacks Investment Research raised Allied World Assurance Company Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, March 21st. Evercore ISI initiated coverage on Allied World Assurance Company Holdings in a report on Monday. They issued an “in-line” rating and a $24.50 target price on the stock. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $42.92.

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”});

Want to see what other hedge funds are holding AWH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allied World Assurance Company Holdings Ltd (NYSE:AWH).

Related posts

Leave a Comment