Allied World Assurance Stock Hits New 52-Week High (AWH)

NEW YORK ( TheStreet) -- Allied World Assurance Company Holdings (NYSE: AWH) hit a new 52-week high Thursday as it is currently trading at $71.41, above its previous 52-week high of $71.36 with 89,169 shares traded as of 1:52 p.m. ET. Average volume has been 238,800 shares over the past 30 days.

Allied World Assurance has a market cap of $2.63 billion and is part of the financial sector and insurance industry. Shares are up 12.4% year to date as of the close of trading on Wednesday.

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 10.2, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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, solid stock price performance and increase in net income. 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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