Gamco Investors INC. ET AL Acquires 25,315 Shares of Allied World Assurance Company Holdings Ltd (AWH)

Gamco Investors INC. ET AL raised its position in shares of Allied World Assurance Company Holdings Ltd (NYSE:AWH) by 117.6% during the first quarter, Holdings Channel reports. The institutional investor owned 46,848 shares of the insurance provider’s stock after buying an additional 25,315 shares during the period. Gamco Investors INC. ET AL’s holdings in Allied World Assurance Company Holdings were worth $2,488,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in AWH. Allianz Asset Management AG increased its position in shares of Allied World Assurance Company Holdings by 1.1% in the fourth quarter. Allianz Asset Management AG now owns 24,229 shares of the insurance provider’s stock worth $1,301,000 after buying an additional 260 shares in the last quarter. State Street Corp increased its position in shares of Allied World Assurance Company Holdings by 4.0% in the fourth quarter. State Street Corp now owns 1,985,690 shares of the insurance provider’s stock worth $106,653,000 after buying an additional 76,266 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Allied World Assurance Company Holdings by 10.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,161 shares of the insurance provider’s stock worth $107,000 after buying an additional 207 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Allied World Assurance Company Holdings during the fourth quarter worth about $3,318,000. Finally, Norges Bank acquired a new position in shares of Allied World Assurance Company Holdings during the fourth quarter worth about $48,510,000. Institutional investors own 87.16% of the company’s stock.

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

Shares of Allied World Assurance Company Holdings Ltd (NYSE:AWH) traded up 0.31% during mid-day trading on Friday, hitting $52.59. The stock had a trading volume of 98,606 shares. Allied World Assurance Company Holdings Ltd has a 52-week low of $33.20 and a 52-week high of $54.46. The stock has a market cap of $4.60 billion, a P/E ratio of 17.97 and a beta of 0.58. The company’s 50 day moving average is $52.97 and its 200-day moving average is $51.27.

Allied World Assurance Company Holdings (NYSE:AWH) last issued its quarterly earnings data on Wednesday, April 26th. The insurance provider reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 EPS. On average, equities research analysts anticipate that Allied World Assurance Company Holdings Ltd will post $2.44 earnings per share for the current fiscal year.

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Separately, Zacks Investment Research downgraded Allied World Assurance Company Holdings from a “buy” rating to a “hold” rating in a report on Monday, May 8th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Allied World Assurance Company Holdings presently has an average rating of “Hold” and an average target price of $46.60.

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.

5 Day Chart for NYSE:AWH

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).

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