Alleghany Co. (NYSE:Y) has been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.
Brokerages have set a 12 month consensus price objective of $650.00 for the company and are forecasting that the company will post $8.16 EPS for the current quarter, according to Zacks. Zacks has also given Alleghany an industry rank of 138 out of 265 based on the ratings given to related companies.
Several equities research analysts have issued reports on Y shares. TheStreet upgraded Alleghany from a “c+” rating to a “b” rating in a report on Monday, February 26th. JMP Securities restated an “outperform” rating and set a $650.00 price objective (up from $625.00) on shares of Alleghany in a report on Thursday, February 22nd. Finally, Zacks Investment Research upgraded Alleghany from a “hold” rating to a “strong-buy” rating and set a $683.00 price objective on the stock in a report on Sunday, January 21st.
In other news, Director William K. Lavin sold 530 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $610.38, for a total value of $323,501.40. Following the completion of the sale, the director now directly owns 2,735 shares in the company, valued at approximately $1,669,389.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.04% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Advisor Group Inc. increased its holdings in shares of Alleghany by 64.5% in the 4th quarter. Advisor Group Inc. now owns 227 shares of the insurance provider’s stock valued at $136,000 after acquiring an additional 89 shares during the last quarter. Public Employees Retirement Association of Colorado increased its holdings in shares of Alleghany by 3.5% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 2,752 shares of the insurance provider’s stock valued at $1,640,000 after acquiring an additional 94 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in shares of Alleghany by 2.9% in the 4th quarter. Thrivent Financial For Lutherans now owns 3,461 shares of the insurance provider’s stock valued at $2,063,000 after acquiring an additional 99 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of Alleghany by 0.5% in the 3rd quarter. Nordea Investment Management AB now owns 21,877 shares of the insurance provider’s stock valued at $12,120,000 after acquiring an additional 100 shares during the last quarter. Finally, Commonwealth Bank of Australia increased its holdings in shares of Alleghany by 6.2% in the 3rd quarter. Commonwealth Bank of Australia now owns 1,702 shares of the insurance provider’s stock valued at $940,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 82.12% of the company’s stock.
Alleghany (NYSE:Y) traded down $6.24 during trading on Wednesday, reaching $628.58. The company had a trading volume of 87,685 shares, compared to its average volume of 69,812. The firm has a market cap of $9,670.00, a price-to-earnings ratio of 107.27 and a beta of 0.93. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.17. Alleghany has a 12-month low of $521.07 and a 12-month high of $646.11.
Alleghany (NYSE:Y) last released its quarterly earnings results on Wednesday, February 21st. The insurance provider reported $9.89 EPS for the quarter, topping the consensus estimate of $6.39 by $3.50. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.37 billion. Alleghany had a return on equity of 0.38% and a net margin of 1.40%. During the same period in the previous year, the company posted $7.02 EPS. sell-side analysts anticipate that Alleghany will post 32.3 earnings per share for the current year.
The firm also recently disclosed a special dividend, which will be paid on Thursday, March 15th. Shareholders of record on Monday, March 5th will be issued a dividend of $10.00 per share. The ex-dividend date is Friday, March 2nd.
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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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