Monarch Partners Asset Management LLC lowered its position in Allied World Assurance Co. (NYSE:AWH) by 0.3% during the second quarter, Holdings Channel reports. The fund owned 280,129 shares of the company’s stock after selling 785 shares during the period. Monarch Partners Asset Management LLC’s holdings in Allied World Assurance were worth $9,844,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Pacad Investment Ltd. boosted 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. Fox Run Management L.L.C. purchased a new position in shares of Allied World Assurance during the second quarter worth about $274,000. State of Alaska Department of Revenue boosted its position in shares of Allied World Assurance by 7.5% in the second quarter. State of Alaska Department of Revenue now owns 9,934 shares of the company’s stock worth $349,000 after buying an additional 689 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Allied World Assurance by 83.3% in the second quarter. Nisa Investment Advisors LLC now owns 11,000 shares of the company’s stock worth $387,000 after buying an additional 5,000 shares in the last quarter. Finally, Rafferty Asset Management LLC boosted its position in shares of Allied World Assurance by 49.1% in the first quarter. Rafferty Asset Management LLC now owns 12,588 shares of the company’s stock worth $440,000 after buying an additional 4,145 shares in the last quarter. Hedge funds and other institutional investors own 88.85% of the company’s stock.
Shares of Allied World Assurance Co. (NYSE:AWH) traded down 0.45% during trading on Monday, reaching $40.24. The company’s stock had a trading volume of 229,434 shares. Allied World Assurance Co. has a one year low of $30.29 and a one year high of $42.10. The firm has a market cap of $3.51 billion, a P/E ratio of 20.87 and a beta of 0.55. The stock’s 50 day moving average is $40.27 and its 200 day moving average is $37.63.
Allied World Assurance (NYSE:AWH) last posted its earnings results on Tuesday, July 19th. The company reported $0.91 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $738.50 million for the quarter, compared to analysts’ expectations of $626.95 million. On average, equities analysts forecast that Allied World Assurance Co. will post $2.78 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Tuesday, September 20th were paid a dividend of $0.26 per share. The ex-dividend date was Friday, September 16th. This represents a $1.04 annualized dividend and a dividend yield of 2.58%. Allied World Assurance’s dividend payout ratio (DPR) is presently 53.06%.
A number of equities analysts recently issued reports on AWH shares. Zacks Investment Research cut Allied World Assurance from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 20th. MKM Partners increased their target price on Allied World Assurance from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, July 20th. Barclays PLC increased their target price on Allied World Assurance from $35.00 to $40.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 20th. JPMorgan Chase & Co. started coverage on Allied World Assurance in a report on Tuesday, June 28th. They issued an “overweight” rating and a $41.00 target price on the stock. Finally, BMO Capital Markets increased their target price on Allied World Assurance from $33.00 to $39.00 and gave the stock an “underperform” rating in a report on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Allied World Assurance has a consensus rating of “Hold” and a consensus target price of $41.75.
About Allied World Assurance
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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