Piper Jaffray: Time To Buy Allied World Assurance (NYSE:AWH)? Has $44.00 Valuation Target

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Why Has Piper Jaffray Given Allied World Assurance (NYSE:AWH) a $44.00 Price Target

In a recent research report disseminated on 10 December, Piper Jaffray analyst has today initiated coverage for Allied World Assurance (NYSE:AWH) shares with a Overweight rating. The target price is now $44.00.

From a total of 7 analysts covering Allied World Assurance Co Holdings AG. (NYSE:AWH) stock, 3 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 38% of the ratings are positive. Allied World Assurance Co Holdings AG. was the topic of 2 analyst reports since September 22, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on October 22 with “Equal-Weight” rating.

Approximately 341,730 shares of stock traded hands. Allied World Assurance Co Holdings, AG. (NYSE:AWH) has declined 14.62% since May 7, 2015 and is downtrending. It has underperformed by 12.69% the S&P500.

The overall sentiment of institutions has decreased to 1.09 in Q2 2015. Its down 0.60, from 1.69 in 2015Q2. The ratio worsened, as 24 institutions have sold all the shares of Allied World Assurance Co Holdings, AG. that they owned while 89 funds have taken shares off the table. 30 funds have purchased shares for the first time while 93 added to their positions. These institutions now hold 88.32 million shares or 11.73% more than the 79.05 million shares they owned in 2015Q2.

The Fund Paradice Investment Management Llc currently is holding shares equating to 7.21% of its total portfolio in Allied World Assurance Co Holdings, AG. representing a total of 1.04 million shares. Another fund,Marshfield Associates, is holding a total of 1.99 million shares equating to 5.85% of their holdings. Additionally, Nicholas Investment Partners Lp has a 1.15 million share stake in Allied World Assurance Co Holdings, AG. which represents 3.15% of their total portfolio. The Fund, Gratry & Co Llc, based out of Ohio, has also built up a stake in the stock, which represents a total of 3.09% of their total portfolio. Finally Matterhorn Capital Management Llc, a fund which is based in the state of Texas reported a total holdings of 147,211 shares.

Insider activity is a very important aspect to track on any stock. Going back to March 27, 2015, shareholders of Allied World Assurance Co Holdings, AG. have witnessed 0 buys, and a total of 2 selling transactions equating to a net activity of approximately $165,300 . Grossack Marshall J sold 2,000 shares worth approximately $76,860. Mcelroy John Justin sold 9,999 shares worth approximately $409,528.

Allied World Assurance Company Holdings Ltd is a Germany holding company. The company has a market cap of $3.26 billion. The Firm is a global well-known provider of a diversified portfolio of property and casualty insurance and reinsurance products with activities in Australia, Bermuda, Canada, Europe, Hong Kong, Singapore and the United States. It has 16.73 P/E ratio.

According to Zacks Investment Research, “Allied World Assurance Company Holdings, Ltd, is one of Bermuda’s leading property and casualty insurers. The company, through its operating subsidiaries, offers property and casualty insurance and reinsurance on a worldwide basis. The principal operating subsidiaries of Allied World Assurance Company Holdings, Ltd have A Excellent ratings from A.M. Best Company and A- ratings from Standard and Poor’s.” Get a free copy of the Zacks research report on Allied World Assurance Co Holdings, AG. (AWH).

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