Alleghany Reaches New 12-Month High at $430.71 (Y)
Alleghany (NYSE:Y)’s share price hit a new 52-week high on Thursday , American Banking News reports. The company traded as high as $430.71 and last traded at $430.71, with a volume of 16,767 shares traded. The stock had previously closed at $426.72.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Alleghany from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 29th. They now have a $418.40 price target on the stock. Analysts at Ned Davis Research upgraded shares of Alleghany from a “neutral” rating to a “buy” rating in a research note on Monday, April 28th.
The stock has a 50-day moving average of $415.2 and a 200-day moving average of $397.7. The company has a market cap of $7.095 billion and a price-to-earnings ratio of 11.22.
Alleghany (NYSE:Y) last posted its quarterly earnings results on Monday, May 5th. The company reported $12.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $8.16 by $4.12. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.07 billion. Alleghany’s revenue was up 5.1% compared to the same quarter last year. On average, analysts predict that Alleghany will post $28.68 earnings per share for the current fiscal year.
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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