BlackRock Inc. Sells 146,499 Shares of Allied World Assurance Company Holdings Ltd (AWH)

BlackRock Inc. cut its position in Allied World Assurance Company Holdings Ltd (NYSE:AWH) by 4.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,523,613 shares of the insurance provider’s stock after selling 146,499 shares during the quarter. BlackRock Inc.’s holdings in Allied World Assurance Company Holdings were worth $186,397,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Allied World Assurance Company Holdings 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 purchasing an additional 307,213 shares in the last quarter. Credit Suisse AG increased its holdings in shares of Allied World Assurance Company Holdings by 76.6% during the first quarter. Credit Suisse AG now owns 3,189,368 shares of the insurance provider’s stock valued at $169,355,000 after acquiring an additional 1,383,692 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Allied World Assurance Company Holdings by 12.4% during the second quarter. JPMorgan Chase & Co. now owns 2,858,832 shares of the insurance provider’s stock valued at $151,233,000 after acquiring an additional 316,081 shares in the last quarter. Paradice Investment Management LLC increased its holdings in shares of Allied World Assurance Company Holdings by 3.2% during the second quarter. Paradice Investment Management LLC now owns 1,803,026 shares of the insurance provider’s stock valued at $95,380,000 after acquiring an additional 55,900 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Allied World Assurance Company Holdings by 90.8% during the first quarter. Bank of America Corp DE now owns 1,430,890 shares of the insurance provider’s stock valued at $75,981,000 after acquiring an additional 680,763 shares in the last quarter. Institutional investors and hedge funds own 86.52% of the company’s stock.

Allied World Assurance Company Holdings Ltd (NYSE AWH) opened at 49.24 on Wednesday. Allied World Assurance Company Holdings Ltd has a 12-month low of $39.09 and a 12-month high of $54.46. The stock’s 50 day moving average is $49.16 and its 200 day moving average is $51.86.

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Several research firms have recently issued reports on AWH. ValuEngine downgraded shares of Allied World Assurance Company Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. BidaskClub upgraded shares of Allied World Assurance Company Holdings from a “strong sell” rating to a “sell” rating in a report on Thursday, June 29th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $39.25.

Allied World Assurance Company Holdings Profile

Allied World Assurance Company Holdings Ltd is a Germany-based holding company. It 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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Institutional Ownership by Quarter for Allied World Assurance Company Holdings (NYSE:AWH)

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