Brokerages Expect Alleghany Co. (Y) to Announce $8.24 EPS
Shares of Alleghany Co. (NYSE:Y) have received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Zacks has also given Alleghany an industry rank of 242 out of 265 based on the ratings given to related companies.
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Shares of Alleghany (NYSE:Y) traded up 0.44% during trading on Wednesday, hitting $579.52. The stock had a trading volume of 33,446 shares. Alleghany has a 12-month low of $510.17 and a 12-month high of $667.19. The stock’s 50 day moving average is $597.59 and its 200-day moving average is $605.26. The company has a market cap of $8.94 billion, a PE ratio of 19.80 and a beta of 0.91.
In other Alleghany news, Director Phillip M. Martineau sold 510 shares of the business’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $647.10, for a total transaction of $330,021.00. Following the transaction, the director now owns 2,842 shares in the company, valued at $1,839,058.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William K. Lavin sold 321 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $582.50, for a total value of $186,982.50. Following the transaction, the director now owns 2,499 shares in the company, valued at approximately $1,455,667.50. The disclosure for this sale can be found here. Insiders sold 5,442 shares of company stock worth $3,481,511 in the last quarter. 4.10% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. IHT Wealth Management LLC boosted its position in shares of Alleghany by 9.3% in the first quarter. IHT Wealth Management LLC now owns 165 shares of the insurance provider’s stock worth $101,000 after buying an additional 14 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of Alleghany by 26.1% in the first quarter. Toronto Dominion Bank now owns 169 shares of the insurance provider’s stock worth $104,000 after buying an additional 35 shares in the last quarter. Point72 Asia Hong Kong Ltd boosted its position in shares of Alleghany by 2,150.0% in the first quarter. Point72 Asia Hong Kong Ltd now owns 180 shares of the insurance provider’s stock worth $111,000 after buying an additional 172 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Alleghany by 117.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 217 shares of the insurance provider’s stock worth $133,000 after buying an additional 117 shares in the last quarter. Finally, Glassman Wealth Services boosted its position in shares of Alleghany by 2,810.0% in the fourth quarter. Glassman Wealth Services now owns 291 shares of the insurance provider’s stock worth $177,000 after buying an additional 281 shares in the last quarter. Institutional investors own 81.42% of the company’s stock.
Alleghany Company Profile
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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