Keefe, Bruyette & Woods Reiterates Allied World Assurance Outperform, Raises PT To $76 (AWH)

Keefe, Bruyette & Woods reiterated its Allied World Assurance Holdings AWH Outperform rating and raised Allied's price target to $76 in a research report published today. In the report, Keefe, Bruyette & Woods states, "Results missed KBW as strong current AY profitability (despite higher cats) and higher reserve releases were offset by an elevated expense ratio, while NWP grew a strong 23% and weaker investment income was offset by lower taxes. BV grew 2.6% sequentially." Shares of Allied World Assurance Holdings were trading at $62.32 at the time of posting, up 0.02% from Thursday's market close.