NEW YORK (

TheStreet

) --

Allied World Assurance Company Holdings

(NYSE:

AWH

) hit a new 52-week high Friday as it is currently trading at $68.45, above its previous 52-week high of $68.36 with 86,782 shares traded as of 12:08 p.m. ET. Average volume has been 288,200 shares over the past 30 days.

Allied World Assurance has a market cap of $2.37 billion and is part of the

financial

sector and

insurance

industry. Shares are up 6.3% year to date as of the close of trading on Thursday.

Allied World Assurance Company Holdings, AG operates as a specialty insurance and reinsurance company in Bermuda, Hong Kong, Ireland, Singapore, Switzerland, the United Kingdom, and the United States. The company has a P/E ratio of 9.7, below the average insurance industry P/E ratio of 13.6 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Allied World Assurance as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full

Allied World Assurance Ratings Report

.

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