Alleghany Co. (NYSE:Y) has been given a consensus rating of “Hold” by the six analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $700.00.

A number of brokerages have recently weighed in on Y. JMP Securities increased their price objective on Pegasystems from $72.00 to $81.00 and gave the company a “market outperform” rating in a report on Wednesday, May 8th. ValuEngine raised Alleghany from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Zacks Investment Research lowered Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. Deutsche Bank began coverage on Markel in a report on Thursday, May 23rd. They issued a “hold” rating and a $1,000.00 price objective on the stock. Finally, Royal Bank of Canada upped their target price on Victory Capital to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, May 16th.

In other news, Director William K. Lavin sold 286 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $665.24, for a total value of $190,258.64. Following the sale, the director now owns 2,295 shares in the company, valued at $1,526,725.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Phillip M. Martineau sold 559 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $684.53, for a total value of $382,652.27. Following the completion of the sale, the director now owns 3,214 shares in the company, valued at approximately $2,200,079.42. The disclosure for this sale can be found here. 3.44% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the business. Xact Kapitalforvaltning AB increased its holdings in shares of Alleghany by 14.8% in the second quarter. Xact Kapitalforvaltning AB now owns 2,054 shares of the insurance provider’s stock valued at $1,399,000 after purchasing an additional 265 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its holdings in shares of Alleghany by 20.5% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 12,703 shares of the insurance provider’s stock valued at $7,779,000 after purchasing an additional 2,160 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Alleghany by 34.6% in the first quarter. First Trust Advisors LP now owns 17,295 shares of the insurance provider’s stock valued at $10,591,000 after purchasing an additional 4,447 shares during the last quarter. Cleararc Capital Inc. acquired a new stake in shares of Alleghany in the first quarter valued at approximately $228,000. Finally, Nordea Investment Management AB increased its holdings in shares of Alleghany by 143.7% in the first quarter. Nordea Investment Management AB now owns 49,740 shares of the insurance provider’s stock valued at $30,460,000 after purchasing an additional 29,329 shares during the last quarter. Institutional investors own 81.94% of the company’s stock.

Shares of Y stock traded down $3.37 during mid-day trading on Friday, reaching $699.90. The stock had a trading volume of 2,706 shares, compared to its average volume of 98,532. The business has a fifty day moving average of $686.57. 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 company has a market cap of $10.16 billion, a price-to-earnings ratio of 43.42 and a beta of 0.68. Alleghany has a 1-year low of $574.42 and a 1-year high of $714.60.

Alleghany (NYSE:Y) last announced its quarterly earnings data on Tuesday, May 7th. The insurance provider reported $9.66 earnings per share for the quarter, beating analysts’ consensus estimates of $9.51 by $0.15. The business had revenue of $2.32 billion for the quarter. Alleghany had a return on equity of 2.53% and a net margin of 4.04%. The firm’s revenue for the quarter was up 46.4% on a year-over-year basis. During the same period in the prior year, the company posted $11.24 earnings per share. Analysts forecast that Alleghany will post 37.38 earnings per share for the current 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.

Featured Article: What is the Russell 2000 Index?

Receive News & Ratings for Alleghany Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alleghany and related companies with MarketBeat.com's FREE daily email newsletter.