JP Morgan Initiates Coverage on Allied World Assurance Co Holdings AG. to Neutral

JP Morgan Initiates Coverage on Allied World Assurance Co Holdings AG.(NYSE:AWH). The shares have been rated Neutral. The rating by JP Morgan was issued on Jun 28, 2016.

Allied World Assurance Co Holdings AG. (AWH) made into the market gainers list on Fridays trading session with the shares advancing 0.20% or 0.07 points. Due to strong positive momentum, the stock ended at $35.21, which is also near the day’s high of $35.49. The stock began the session at $34.97 and the volume stood at 3,54,576 shares. The 52-week high of the shares is $45.05 and the 52 week low is $30.29. The company has a current market capitalization of $3,157 M and it has 8,96,60,448 shares in outstanding.

Allied World Assurance Co Holdings AG.(AWH) last announced its earnings results on Apr 19, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $580.12M. Analysts had an estimated revenue of $616.58M. Earnings per share were $0.65. Analysts had estimated an EPS of $0.56.

Several Insider Transactions has been reported to the SEC. On Feb 10, 2016, Thomas A Bradley (CFO) purchased 3,000 shares at $31.37 per share price.Also, On Jan 19, 2016, Marshall J Grossack (EVP, Chief Actuary) sold 2,000 shares at $35.13 per share price.On Mar 27, 2015, John Justin Mcelroy (COO) sold 9,999 shares at $40.96 per share price, according to the Form-4 filing with the securities and exchange commission.

Allied World Assurance Company Holdings Ltd is a Germany-based holding company. The Company is a global provider of a diversified portfolio of property and casualty insurance and reinsurance products with operations in Australia Bermuda Canada Europe Hong Kong Singapore and the United States. The Company operates in three segments: North American Insurance which includes its direct specialty insurance operations in the United States Bermuda and Canada as well as the Company’s claim administration services operation and provides both direct property and specialty casualty insurance to North American domiciled accounts; Global Markets Insurance which includes its direct insurance operations in Europe and Asia Pacific and provides both direct property and casualty insurance and Reinsurance which includes the reinsurance of property general casualty professional liability specialty lines and property catastrophe coverages written by insurance companies.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *