Keefe, Bruyette, & Woods is out with a research report this morning, where it reiterates its Outperform rating on Allied World Assurance Holdings Ltd. AWH; it has a $67.00 price target on the stock.
The analysts said, “Allied released 2009 loss reserve triangles, providing eight years of reserving data, and in our view, the filing confirms our belief that the company has a strongly redundant reserve position. Additionally, we are raising 2010/2011 EPS reflecting the accretive nature of the recent warrant repurchase from CB, and raising our PT to $67 on the impact of the repurchase and increased reserve confidence. We reiterate our Outperform rating.”
Allied is a Bermuda-based insurance company that underwrites insurance and reinsurance risks globally, with a focus on specialty lines of business.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Posted In: Analyst ColorPrice TargetAnalyst RatingsFinancialsKeefe Bruyette & WoodsProperty & Casualty Insurance
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in