This global insurance provider recently hiked its dividend by $0.35 and also received a Strong Buy rating from Zack’s.
Allied World Assurance (AWH)
from 2 for 1
Allied World Assurance (AWH) splitting 3 for 1 wins the pole position and will be added to the 2 for 1 portfolio next week.
Allied is a medium sized, well-diversified Swiss company collecting about $2 billion in insurance and reinsurance premiums a year doing business in the US, Europe, and Asia. Selling at its book value, and with a net profit margin averaging 25%/year for the last 5 years, this is a no-brainer.
The 1.9% dividend and very low Beta are icing on the cake.
Neil Macneale, 2 for 1 Stock Split Newsletter, www.2-for-1.com, 408-210-6881, April 18, 2014