Shares of Alleghany Co. (NYSE:Y) have been given 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.

Analysts have set a 12-month consensus target price of $625.00 for the company and are anticipating 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 45 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research upgraded shares of Alleghany from a “sell” rating to a “hold” rating in a research report on Monday, November 13th.

Alleghany (Y) traded up $2.56 during midday trading on Monday, reaching $626.44. 60,180 shares of the company’s stock traded hands, compared to its average volume of 82,436. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.18. The firm has a market cap of $9,601.49, a price-to-earnings ratio of -4,818.77 and a beta of 0.96. Alleghany has a 52 week low of $521.07 and a 52 week 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 (EPS) for the quarter, topping the consensus estimate of ($28.83) by $6.80. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.36 billion. Alleghany had a net margin of 0.10% and a negative return on equity of 0.14%. During the same period last year, the business posted $10.09 EPS. sell-side analysts forecast that Alleghany will post -0.24 earnings per share for the current year.

Institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. boosted its position in Alleghany by 16.9% in the third quarter. Victory Capital Management Inc. now owns 428,041 shares of the insurance provider’s stock valued at $237,139,000 after buying an additional 61,867 shares in the last quarter. Janus Henderson Group PLC boosted its position in Alleghany by 2,214.9% in the second quarter. Janus Henderson Group PLC now owns 49,956 shares of the insurance provider’s stock valued at $29,713,000 after buying an additional 47,798 shares in the last quarter. PGGM Investments boosted its position in Alleghany by 215.4% in the third quarter. PGGM Investments now owns 39,710 shares of the insurance provider’s stock valued at $22,000,000 after buying an additional 27,121 shares in the last quarter. Findlay Park Partners LLP boosted its position in Alleghany by 10.5% in the third quarter. Findlay Park Partners LLP now owns 223,371 shares of the insurance provider’s stock valued at $123,750,000 after buying an additional 21,229 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in Alleghany by 118.6% in the third quarter. BNP Paribas Arbitrage SA now owns 28,740 shares of the insurance provider’s stock valued at $15,922,000 after buying an additional 15,594 shares in the last quarter. Institutional investors and hedge funds own 82.21% of the company’s stock.

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About Alleghany

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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