250,600 Shares in Allied World Assurance Company Holdings, AG (AWH) Acquired by Highbridge Capital Management LLC

Highbridge Capital Management LLC acquired a new position in shares of Allied World Assurance Company Holdings, AG (NYSE:AWH) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 250,600 shares of the insurance provider’s stock, valued at approximately $13,307,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nomura Holdings Inc. boosted its position in shares of Allied World Assurance Company Holdings, AG by 72.0% in the first quarter. Nomura Holdings Inc. now owns 10,000 shares of the insurance provider’s stock worth $531,000 after buying an additional 4,185 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Allied World Assurance Company Holdings, AG by 90.8% in the first quarter. Bank of America Corp DE now owns 1,430,890 shares of the insurance provider’s stock worth $75,981,000 after buying an additional 680,763 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Allied World Assurance Company Holdings, AG by 9.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 530,805 shares of the insurance provider’s stock worth $28,186,000 after buying an additional 47,165 shares in the last quarter. Amalgamated Bank boosted its position in shares of Allied World Assurance Company Holdings, AG by 3.2% in the first quarter. Amalgamated Bank now owns 12,566 shares of the insurance provider’s stock worth $667,000 after buying an additional 385 shares in the last quarter. Finally, BlackRock Inc. boosted its position in shares of Allied World Assurance Company Holdings, AG by 10,609.4% in the first quarter. BlackRock Inc. now owns 3,670,112 shares of the insurance provider’s stock worth $194,882,000 after buying an additional 3,635,842 shares in the last quarter. Hedge funds and other institutional investors own 86.89% of the company’s stock.

Institutional Ownership by Quarter for Allied World Assurance Company Holdings, AG (NYSE:AWH)

Shares of Allied World Assurance Company Holdings, AG (NYSE AWH) traded up 0.12% on Friday, reaching $52.23. 570,274 shares of the company’s stock were exchanged. Allied World Assurance Company Holdings, AG has a 52-week low of $33.20 and a 52-week high of $54.46. The stock has a market cap of $4.57 billion, a P/E ratio of 17.84 and a beta of 0.69. The company’s 50 day moving average price is $52.71 and its 200-day moving average price is $52.35.

Allied World Assurance Company Holdings, AG (NYSE:AWH) last released its earnings results on Wednesday, April 26th. The insurance provider reported $0.53 earnings per share 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 analyst estimates of $723.40 million. Allied World Assurance Company Holdings, AG had a net margin of 10.20% and a return on equity of 6.35%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.65 EPS. Equities analysts forecast that Allied World Assurance Company Holdings, AG will post $2.44 EPS for the current fiscal year.

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A number of brokerages recently issued reports on AWH. Evercore ISI began coverage on shares of Allied World Assurance Company Holdings, AG in a report on Monday, June 5th. They set an “in-line” rating and a $24.50 price objective for the company. Zacks Investment Research cut shares of Allied World Assurance Company Holdings, AG from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 16th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $42.92.

About Allied World Assurance Company Holdings, AG

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.

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