Alleghany Corporation (NYSE:Y) has earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Zacks has also assigned Alleghany Corporation an industry rank of 61 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered Alleghany Corporation from a “strong-buy” rating to a “hold” rating in a research report on Saturday, January 7th.
Alleghany Corporation (NYSE:Y) traded down 0.73% during midday trading on Wednesday, hitting $604.01. The stock had a trading volume of 12,172 shares. Alleghany Corporation has a one year low of $446.50 and a one year high of $619.99. The firm has a market cap of $9.31 billion, a PE ratio of 17.29 and a beta of 0.89. The stock has a 50-day moving average price of $601.10 and a 200 day moving average price of $550.79.
Alleghany Corporation (NYSE:Y) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $10.09 earnings per share for the quarter, beating analysts’ consensus estimates of $7.74 by $2.35. Alleghany Corporation had a return on equity of 6.39% and a net margin of 9.02%. The firm earned $1.61 million during the quarter, compared to analyst estimates of $218.43 million. During the same quarter last year, the firm earned $6.07 EPS. Alleghany Corporation’s quarterly revenue was up 35.3% on a year-over-year basis. On average, analysts predict that Alleghany Corporation will post $27.50 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in Y. LPL Financial LLC increased its stake in shares of Alleghany Corporation by 2.9% in the third quarter. LPL Financial LLC now owns 2,588 shares of the company’s stock valued at $1,362,000 after buying an additional 72 shares during the period. Ameritas Investment Partners Inc. increased its stake in shares of Alleghany Corporation by 90.6% in the third quarter. Ameritas Investment Partners Inc. now owns 4,653 shares of the company’s stock valued at $2,443,000 after buying an additional 2,212 shares during the period. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Alleghany Corporation during the third quarter valued at about $2,153,000. Eaton Vance Management increased its stake in shares of Alleghany Corporation by 42.2% in the third quarter. Eaton Vance Management now owns 114,910 shares of the company’s stock valued at $60,330,000 after buying an additional 34,113 shares during the period. Finally, Xact Kapitalforvaltning AB bought a new stake in shares of Alleghany Corporation during the third quarter valued at about $497,000. 81.16% of the stock is currently owned by institutional investors and hedge funds.
Alleghany Corporation Company Profile
Alleghany Corporation is an insurance holding company. The Company owns and manages operating subsidiaries and investments, which are involved in the property and casualty reinsurance and insurance. The Company operates through two segments: reinsurance and insurance. The Company’s reinsurance segment consists of property and casualty reinsurance operations conducted by the Company’s subsidiary, Transatlantic Holdings, Inc (TransRe), and its reinsurance operating subsidiaries.
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