Alleghany Corp. (NYSE:Y) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Zacks has also assigned Alleghany Corp. an industry rank of 165 out of 265 based on the ratings given to related companies.
A number of research analysts have issued reports on Y shares. Zacks Investment Research downgraded Alleghany Corp. from a “buy” rating to a “sell” rating in a report on Wednesday, September 21st. Citigroup Inc. raised Alleghany Corp. from a “neutral” rating to a “buy” rating and set a $43.00 price target for the company in a report on Thursday, June 16th.
Alleghany Corp. (NYSE:Y) opened at 525.38 on Monday. The company has a market capitalization of $8.11 billion, a P/E ratio of 17.01 and a beta of 0.88. The stock’s 50 day moving average price is $527.07 and its 200-day moving average price is $526.06. Alleghany Corp. has a 52-week low of $446.50 and a 52-week high of $553.48.
Alleghany Corp. (NYSE:Y) last released its earnings results on Tuesday, August 2nd. The company reported $2.96 EPS for the quarter, missing the Zacks’ consensus estimate of $6.21 by $3.25. Alleghany Corp. had a return on equity of 6.07% and a net margin of 8.64%. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the firm earned $11.40 EPS. The company’s revenue for the quarter was up 21.7% compared to the same quarter last year. Analysts predict that Alleghany Corp. will post $1.37 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of Y. Vanguard Group Inc. boosted its stake in Alleghany Corp. by 3.2% in the second quarter. Vanguard Group Inc. now owns 1,092,776 shares of the company’s stock worth $600,568,000 after buying an additional 33,865 shares during the period. Franklin Resources Inc. boosted its stake in Alleghany Corp. by 0.7% in the second quarter. Franklin Resources Inc. now owns 667,019 shares of the company’s stock worth $366,578,000 after buying an additional 4,711 shares during the period. BlackRock Fund Advisors boosted its stake in Alleghany Corp. by 4.2% in the second quarter. BlackRock Fund Advisors now owns 643,538 shares of the company’s stock worth $353,676,000 after buying an additional 26,160 shares during the period. First Eagle Investment Management LLC boosted its stake in Alleghany Corp. by 8.3% in the second quarter. First Eagle Investment Management LLC now owns 604,008 shares of the company’s stock worth $331,951,000 after buying an additional 46,129 shares during the period. Finally, Boston Partners boosted its stake in Alleghany Corp. by 6.3% in the second quarter. Boston Partners now owns 597,628 shares of the company’s stock worth $328,444,000 after buying an additional 35,258 shares during the period. Institutional investors and hedge funds own 81.96% of the company’s stock.
About Alleghany Corp.
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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