Alleghany Co. (NYSE:Y) Director William K. Lavin sold 293 shares of the business’s stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $580.61, for a total value of $170,118.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Y stock traded up $2.76 during trading on Monday, reaching $580.79. 2,801 shares of the stock traded hands, compared to its average volume of 73,808. Alleghany Co. has a 52-week low of $521.07 and a 52-week high of $639.42. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. The company has a market cap of $8.84 billion, a PE ratio of 286.25 and a beta of 0.90.
Alleghany (NYSE:Y) last posted its quarterly earnings results on Thursday, May 3rd. The insurance provider reported $11.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $8.37 by $2.87. Alleghany had a return on equity of 1.12% and a net margin of 1.74%. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the business earned $9.67 earnings per share. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. equities analysts forecast that Alleghany Co. will post 36.7 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the business. Bank of Montreal Can boosted its position in shares of Alleghany by 19.2% in the fourth quarter. Bank of Montreal Can now owns 56,092 shares of the insurance provider’s stock worth $33,436,000 after buying an additional 9,033 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Alleghany by 5.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 55,925 shares of the insurance provider’s stock worth $33,337,000 after buying an additional 2,781 shares during the period. Oakbrook Investments LLC boosted its position in shares of Alleghany by 22.5% in the fourth quarter. Oakbrook Investments LLC now owns 1,250 shares of the insurance provider’s stock worth $745,000 after buying an additional 230 shares during the period. State of Alaska Department of Revenue boosted its position in shares of Alleghany by 28.9% in the fourth quarter. State of Alaska Department of Revenue now owns 2,332 shares of the insurance provider’s stock worth $1,389,000 after buying an additional 523 shares during the period. Finally, First Manhattan Co. boosted its position in shares of Alleghany by 25.6% in the fourth quarter. First Manhattan Co. now owns 5,880 shares of the insurance provider’s stock worth $3,505,000 after buying an additional 1,200 shares during the period. 81.89% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently commented on the company. TheStreet upgraded Alleghany from a “c+” rating to a “b” rating in a research note on Monday, February 26th. JMP Securities reiterated an “outperform” rating and issued a $650.00 target price (up from $625.00) on shares of Alleghany in a research note on Thursday, February 22nd. Finally, Zacks Investment Research lowered Alleghany from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $666.50.
Alleghany Corporation provides property and casualty reinsurance and insurance products in the United States and internationally. The company operates in two segments, Reinsurance and Insurance. The Reinsurance segment offers property reinsurance products, including fire, allied lines, auto physical damage, and homeowners multiple peril reinsurance products; and casualty and other reinsurance products, such as liability, medical malpractice, ocean marine and aviation, auto liability, accident and health, surety, and credit reinsurance products.
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