Alleghany Co. (NYSE:Y) has earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $700.00.

Several equities research analysts have recently weighed in on Y shares. JMP Securities boosted their target price on shares of Alleghany from $690.00 to $700.00 and gave the stock a “market outperform” rating in a research report on Wednesday, May 8th. Deutsche Bank began coverage on shares of Alleghany in a research report on Thursday, May 23rd. They set a “hold” rating and a $700.00 price objective for the company. ValuEngine downgraded shares of Alleghany from a “buy” rating to a “hold” rating in a research report on Saturday, February 23rd. Zacks Investment Research downgraded shares of Alleghany from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 23rd. Finally, Royal Bank of Canada reaffirmed an “average” rating on shares of Alleghany in a research report on Thursday, May 16th.

In related news, Director Phillip M. Martineau sold 559 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $684.53, for a total transaction of $382,652.27. Following the completion of the sale, the director now directly owns 3,214 shares of the company’s stock, valued at $2,200,079.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Phillip M. Martineau sold 230 shares of the stock in a transaction that occurred on Friday, March 29th. The shares were sold at an average price of $613.47, for a total transaction of $141,098.10. Following the sale, the director now directly owns 3,549 shares of the company’s stock, valued at $2,177,205.03. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,593 shares of company stock valued at $1,032,869. Insiders own 3.44% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in Y. Riverview Trust Co acquired a new stake in shares of Alleghany during the fourth quarter valued at approximately $28,000. Pearl River Capital LLC acquired a new stake in shares of Alleghany during the fourth quarter valued at approximately $30,000. Barrett Asset Management LLC raised its holdings in shares of Alleghany by 50.0% during the first quarter. Barrett Asset Management LLC now owns 75 shares of the insurance provider’s stock valued at $46,000 after acquiring an additional 25 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in shares of Alleghany during the first quarter valued at approximately $59,000. Finally, Marshall Wace North America L.P. acquired a new stake in shares of Alleghany during the first quarter valued at approximately $61,000. 81.94% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:Y traded down $0.27 during midday trading on Monday, hitting $690.58. 2,978 shares of the company’s stock traded hands, compared to its average volume of 97,376. Alleghany has a twelve month low of $570.41 and a twelve month high of $697.33. The firm has a market capitalization of $9.98 billion, a P/E ratio of 42.64 and a beta of 0.70. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.20. The firm has a fifty day moving average price of $673.94.

Alleghany (NYSE:Y) last released its quarterly earnings results on Tuesday, May 7th. The insurance provider reported $9.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $9.51 by $0.15. Alleghany had a net margin of 4.04% and a return on equity of 2.53%. The firm had revenue of $2.32 billion for the quarter. During the same period last year, the firm earned $11.24 EPS. The business’s quarterly revenue was up 46.4% on a year-over-year basis. On average, equities research analysts forecast that Alleghany will post 37.38 EPS for the current fiscal year.

About Alleghany

Alleghany Corporation provides property and casualty reinsurance and insurance products in the United States and internationally. The company operates in three segments: Reinsurance, Insurance, and Alleghany Capital. The Reinsurance segment offers fire, allied lines, auto physical damage, and homeowners multiple peril reinsurance products; and casualty and other reinsurance products, such as medical malpractice, ocean marine and aviation, accident and health, mortgage, surety, and credit reinsurance products, as well as directors' and officers', errors and omissions, general, and auto liability reinsurance.

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