MKM Partners Starts Stock Coverage on Allied World Assurance Co Holdings, AG. (AWH)

By admin | 6 years ago

Investment analysts at MKM Partners began coverage on shares of Allied World Assurance Co Holdings, AG. (NYSE: AWH) in a note issued to investors on Friday. The firm set a “buy” rating on the stock.

Allied World Assurance Co Holdings, AG. traded down 0.56% on Friday, hitting $74.60. Allied World Assurance Co Holdings, AG. has a 1-year low of $49.00 and a 1-year high of $78.79. The company has a market cap of $2.712 billion and a price-to-earnings ratio of 6.06.

Allied World Assurance Co Holdings, AG. last released its earnings data on Wednesday, May 2nd. The company reported $2.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.76 by $0.63. Allied World Assurance Co Holdings, AG.’s revenue was up 22.5% compared to the same quarter last year. On average, analysts predict that Allied World Assurance Co Holdings, AG. will post $1.53 earnings per share next quarter.

Separately, analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Allied World Assurance Co Holdings, AG. from $61.00 to $75.00 in a research note to investors on Monday, April 2nd. They now have an “equal weight” rating on the stock.

Allied World Assurance Company Holdings, Ltd. (Holdings) is a specialty insurance and reinsurance company that underwrites a diversified portfolio of property and casualty lines of business.

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