Glazer Capital LLC Purchases 11,572 Shares of Allied World Assurance Company Holdings, AG (AWH)

Glazer Capital LLC boosted its position in Allied World Assurance Company Holdings, AG (NYSE:AWH) by 86.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,000 shares of the insurance provider’s stock after buying an additional 11,572 shares during the period. Glazer Capital LLC’s holdings in Allied World Assurance Company Holdings, AG were worth $1,328,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Allied World Assurance Company Holdings, AG by 4.7% in the first quarter. Vanguard Group Inc. now owns 6,850,896 shares of the insurance provider’s stock worth $363,782,000 after buying an additional 307,213 shares during the last quarter. BlackRock Inc. increased its stake in 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 during the last quarter. State Street Corp increased its stake in Allied World Assurance Company Holdings, AG 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 during the last quarter. Paradice Investment Management LLC increased its stake in Allied World Assurance Company Holdings, AG by 9.7% in the first quarter. Paradice Investment Management LLC now owns 1,747,126 shares of the insurance provider’s stock worth $92,772,000 after buying an additional 154,059 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in 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 during the last quarter. Institutional investors own 86.89% of the company’s stock.

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

Allied World Assurance Company Holdings, AG (NYSE AWH) traded up 0.12% during midday trading on Friday, reaching $52.23. The company had a trading volume of 570,274 shares. The stock has a 50-day moving average price of $52.71 and a 200 day moving average price of $52.35. The company has a market capitalization of $4.57 billion, a PE ratio of 17.84 and a beta of 0.69. Allied World Assurance Company Holdings, AG has a 12-month low of $33.20 and a 12-month high of $54.46.

Allied World Assurance Company Holdings, AG (NYSE:AWH) last announced its earnings results on Wednesday, April 26th. The insurance provider reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.12. The company had revenue of $676 million for the quarter, compared to the consensus estimate of $723.40 million. Allied World Assurance Company Holdings, AG had a return on equity of 6.35% and a net margin of 10.20%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 earnings per share. Equities analysts forecast that Allied World Assurance Company Holdings, AG will post $2.44 EPS for the current year.

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

Allied World Assurance Company Holdings, AG 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.

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