Alleghany Corp. Rating Increased to Buy at TheStreet (Y)
Alleghany Corp. (NYSE:Y) was upgraded by research analysts at TheStreet from a “hold” rating to a “buy” rating in a report released on Thursday, Analyst Ratings News reports.
The analysts wrote, “Alleghany (Y) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”
Shares of Alleghany Corp. (NYSE:Y) traded up 0.14% on Thursday, hitting $383.40. 57,230 shares of the company’s stock traded hands. Alleghany Corp. has a 52-week low of $361.01 and a 52-week high of $420.89. The stock’s 50-day moving average is $379.3 and its 200-day moving average is $393.6. The company has a market cap of $6.428 billion and a price-to-earnings ratio of 19.50.
Alleghany Corporation (NYSE:Y) is engaged, through Alleghany Insurance Holdings LLC (AIHL) and its subsidiaries RSUI Group, Inc (RSUI), Capitol Transamerica Corporation (CATA) and Pacific Compensation Corporation (PCC), in the property and casualty and surety insurance business.
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