Allied World Assurance (NYSE:AWH) Downgrade of Rating
JMP Securities lowered the shares of Allied World Assurance (NYSE:AWH) from a Mkt Outperform rating to Mkt Perform Rating in an analyst report issued to clients on Wednesday, 21 December.
According to data compiled by Thomson Reuters, Allied World Assurance (NYSE:AWH)’s stock is covered by 6 equity analysts across the Street, with 1 analysts giving it a Sell rating, 3 a Buy rating, while 4 consider it a Hold. The 12-month consensus target price for the stock is $37.67, which reflects an downside potential of 28.92% over the current price.
Paradice Investment Management Llc had the most significant stake with ownership of 1.52 million shares as of q2 2015 for 6.98% of the stocks portfolio. Capital Returns Management Llc is another quite bullish fund who is having 280,140 shares of Allied World Assurance or 5.38% of their stocks portfolio. Furthermore, New Vernon Investment Management Llc have 4.49% of their stocks portfolio invested in the company for 105,500 shares. The Texas-based fund Matterhorn Capital Management Llc disclosed it had bought a stake worth about 4.34% of the fund’s stock portfolio in Allied World Assurance. The Maine-based fund Bar Harbor Trust Services is also positive about the stock, possessing 161,696 shares or 3.27% of their stocks portfolio.
Allied World Assurance (NYSE:AWH) 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.
Allied World Assurance (NYSE:AWH) traded up 2.40% on 21 December, hitting $53. A total of 5.68M shares of the company’s stock traded hands. This is up from average of 779,497 shares. Allied World Assurance has a 52 week low of $30.29 and a 52 week high of $53.1. The company has a market cap of $5.21B and a P/E ratio of 16.03.
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