Allied World Assurance Company Holdings AG (AWH) stock is expected to deviate a maximum of $4.62 from the average target price of $37.33 for the short term period. 3 Street Experts have initiated coverage on the stock with the most promising target being $40 and the most muted being $32.
Allied World Assurance Company Holdings AG (AWH) : 4 analysts are covering Allied World Assurance Company Holdings AG (AWH) and their average rating on the stock is 3, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, Equity analysts at the Brokerage firm Barclays maintains its rating on Allied World Assurance Company Holdings AG (NYSE:AWH). The rating major has initiated the coverage with equalweight rating on the shares. The Analysts at Barclays raises the price target from $35 per share to $40 per share. The rating by the firm was issued on July 20, 2016.
Allied World Assurance Company Holdings AG (NYSE:AWH): The stock opened at $40.62 on Thursday but the bulls could not build on the opening and the stock topped out at $40.71 for the day. The stock traded down to $39.97 during the day, due to lack of any buying support eventually closed down at $40.38 with a loss of -0.44% for the day. The stock had closed at $40.56 on the previous day. The total traded volume was 313,469 shares.
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 Companys 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.