Alleghany Corporation (Y) Earns Hold Rating from Credit Suisse Group
Alleghany Corporation (NYSE:Y)‘s stock had its “hold” rating reaffirmed by analysts at Credit Suisse Group in a report issued on Tuesday.
The analysts wrote, “We see figures as positive for the sector, Vivo, & TIM and negative for Claro & Oi.””
Separately, BidaskClub lowered shares of Alleghany Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd.
Shares of Alleghany Corporation (Y) traded up 0.24% on Tuesday, hitting $596.50. The company had a trading volume of 53,397 shares. Alleghany Corporation has a 1-year low of $510.52 and a 1-year high of $667.19. The company has a 50 day moving average price of $586.06 and a 200 day moving average price of $609.37. The firm has a market capitalization of $9.20 billion, a price-to-earnings ratio of 20.38 and a beta of 0.92.
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In related news, Director William K. Lavin sold 321 shares of the business’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $582.50, for a total transaction of $186,982.50. Following the sale, the director now owns 2,499 shares of the company’s stock, valued at $1,455,667.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 4.04% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. IHT Wealth Management LLC boosted its position in shares of Alleghany Corporation by 9.3% in the first quarter. IHT Wealth Management LLC now owns 165 shares of the insurance provider’s stock valued at $101,000 after buying an additional 14 shares in the last quarter. Toronto Dominion Bank boosted its stake in Alleghany Corporation by 26.1% in the first quarter. Toronto Dominion Bank now owns 169 shares of the insurance provider’s stock valued at $104,000 after buying an additional 35 shares in the last quarter. Point72 Asia Hong Kong Ltd boosted its stake in Alleghany Corporation by 2,150.0% in the first quarter. Point72 Asia Hong Kong Ltd now owns 180 shares of the insurance provider’s stock valued at $111,000 after buying an additional 172 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in Alleghany Corporation by 117.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 217 shares of the insurance provider’s stock valued at $133,000 after buying an additional 117 shares in the last quarter. Finally, Coldstream Capital Management Inc. bought a new stake in Alleghany Corporation during the first quarter valued at approximately $207,000. Institutional investors own 81.41% of the company’s stock.
About Alleghany Corporation
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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