Shares of Alleghany Co. (NYSE:Y) have received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Brokers have set a 1 year consensus price objective of $625.00 for the company and are predicting that the company will post $7.58 EPS for the current quarter, according to Zacks. Zacks has also given Alleghany an industry rank of 117 out of 265 based on the ratings given to related companies.
A number of analysts recently weighed in on Y shares. JMP Securities upgraded shares of Alleghany from a “market perform” rating to an “outperform” rating and set a $625.00 target price on the stock in a research note on Monday, September 11th. Zacks Investment Research upgraded shares of Alleghany from a “sell” rating to a “hold” rating in a research note on Monday, November 13th.
Shares of Alleghany (NYSE Y) traded up $6.25 during trading hours on Thursday, reaching $583.75. 87,600 shares of the company’s stock were exchanged, compared to its average volume of 53,528. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.27 and a current ratio of 0.27. Alleghany has a one year low of $521.07 and a one year high of $667.19.
Alleghany (NYSE:Y) last issued its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($22.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($28.83) by $6.80. Alleghany had a net margin of 0.10% and a negative return on equity of 0.14%. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the firm earned $10.09 earnings per share. analysts anticipate that Alleghany will post -0.24 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. Toronto Dominion Bank increased its stake in Alleghany by 11.8% in the second quarter. Toronto Dominion Bank now owns 189 shares of the insurance provider’s stock valued at $112,000 after purchasing an additional 20 shares during the last quarter. Zions Bancorporation increased its stake in Alleghany by 3,940.0% in the third quarter. Zions Bancorporation now owns 202 shares of the insurance provider’s stock valued at $112,000 after purchasing an additional 197 shares during the last quarter. YorkBridge Wealth Partners LLC increased its stake in Alleghany by 1.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 206 shares of the insurance provider’s stock valued at $124,000 after purchasing an additional 3 shares during the last quarter. Fiduciary Trust Co. purchased a new position in Alleghany in the second quarter valued at approximately $164,000. Finally, Pacer Advisors Inc. increased its stake in Alleghany by 9.7% in the second quarter. Pacer Advisors Inc. now owns 327 shares of the insurance provider’s stock valued at $194,000 after purchasing an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 82.22% of the company’s stock.
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Alleghany Corporation is an insurance holding company. The Company, through its subsidiary Alleghany Insurance Holdings LLC (AIHL) and its subsidiaries, is engaged in the property and casualty insurance business. AIHL’s insurance operations are conducted by its subsidiaries RSUI Group, Inc (RSUI), CapSpecialty, Inc (CapSpecialty) and Pacific Compensation Corporation (PacificComp).
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