Market Overview

Keefe, Bruyette & Woods Assumes Coverage On Allied World Assurance Company On Positive Outlook


In a report published Monday, Keefe, Bruyette & Woods analyst Vincent DeAugustino assumed coverage on Allied World Assurance Company Holdings, AG. (NYSE: AWH) with a Market Perform rating and $45.00 price target.

In the report, Keefe, Bruyette & Woods noted, "Allied World's shareholder value creation track record is certainly admirable, and we find its success resulting more from its thoughtful construction over the last decade and half, than from a reliance on hard markets or weather windfalls. As such, we expect it to perform well on a relative basis in what is becoming an increasingly difficult underwriting and investment environment. We expect its diversified casualty underwriting focus and differentiated investment strategy to deliver steady book value growth, which we think supports a 105% P/BVPS multiple underlying our $45 target price."

Allied World Assurance Company closed on Friday at $41.19.

Latest Ratings for AWH

Oct 2020William BlairInitiates Coverage OnOutperform
Jan 2017JP MorganDowngradesOverweightNeutral
Dec 2016JMP SecuritiesDowngradesMarket OutperformMarket Perform

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Posted-In: Bruyette & Woods Keefe Vincent DeAugustinoAnalyst Color Initiation Analyst Ratings

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