Shares of Alleghany Co. (NYSE:Y) have earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Brokers have set a 12-month consensus target price of $625.00 for the company and are expecting that the company will post $7.58 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Alleghany an industry rank of 66 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded Alleghany from a “sell” rating to a “hold” rating in a research note on Monday, November 13th.
Hedge funds have recently bought and sold shares of the business. YorkBridge Wealth Partners LLC boosted its stake in shares of Alleghany by 1.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 206 shares of the insurance provider’s stock worth $124,000 after acquiring an additional 3 shares during the period. Toronto Dominion Bank boosted its stake in shares of Alleghany by 11.8% during the 2nd quarter. Toronto Dominion Bank now owns 189 shares of the insurance provider’s stock worth $112,000 after acquiring an additional 20 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Alleghany by 9.7% during the 2nd quarter. Pacer Advisors Inc. now owns 327 shares of the insurance provider’s stock worth $194,000 after acquiring an additional 29 shares during the period. Bank of Hawaii boosted its stake in shares of Alleghany by 3.8% during the 2nd quarter. Bank of Hawaii now owns 1,542 shares of the insurance provider’s stock worth $917,000 after acquiring an additional 56 shares during the period. Finally, Ameritas Investment Partners Inc. boosted its stake in shares of Alleghany by 1.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,620 shares of the insurance provider’s stock worth $2,748,000 after acquiring an additional 69 shares during the period. Hedge funds and other institutional investors own 82.22% of the company’s stock.
Alleghany (NYSE Y) traded up $9.31 during mid-day trading on Friday, reaching $593.64. The company’s stock had a trading volume of 68,147 shares, compared to its average volume of 74,436. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market capitalization of $9,001.90, a P/E ratio of -4,566.46 and a beta of 0.96. Alleghany has a 12-month low of $521.07 and a 12-month high of $667.19.
Alleghany (NYSE:Y) last posted its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($22.03) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($28.83) by $6.80. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.36 billion. Alleghany had a negative return on equity of 0.14% and a net margin of 0.10%. During the same period last year, the company earned $10.09 earnings per share. equities analysts forecast that Alleghany will post -0.24 EPS for the current fiscal year.
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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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