Allied World Assurance Co Holdings AG. (AWH) reported quarterly earnings results on Tuesday, Jul-19-2016. The company said it had a profit of $0.91 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.53. Analysts had a consensus of $0.38. The company posted revenue of $738.47 million in the period, compared to analysts expectations of $611.93 million. The company’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.
Many Wall Street Analysts have commented on Allied World Assurance Co Holdings AG.. Allied World Assurance Co Holdings AG. was Initiated by JP Morgan to “Overweight” on Jun 28, 2016.
Allied World Assurance Co Holdings AG. closed down -0.06 points or -0.17% at $35.63 with 4,89,997 shares getting traded on Monday. Post opening the session at $35.65, the shares hit an intraday low of $35.52 and an intraday high of $35.73 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Feb 10, 2016, Thomas A Bradley (CFO) purchased 3,000 shares at $31.37 per share price. According to the SEC, 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.