Alleghany Corporation (Y) Given Consensus Rating of “Strong Buy” by Brokerages
Alleghany Corporation (NYSE:Y) has earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Zacks has also assigned Alleghany Corporation an industry rank of 208 out of 265 based on the ratings given to its competitors.
Y has been the topic of a number of research analyst reports. BidaskClub downgraded Alleghany Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Credit Suisse Group reissued a “hold” rating on shares of Alleghany Corporation in a report on Tuesday, July 11th. Finally, Zacks Investment Research cut Alleghany Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th.
Several hedge funds and other institutional investors have recently modified their holdings of Y. IHT Wealth Management LLC boosted its holdings in 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 purchasing an additional 14 shares during the last quarter. Toronto Dominion Bank lifted its holdings in Alleghany Corporation by 26.1% during the 1st quarter. Toronto Dominion Bank now owns 169 shares of the insurance provider’s stock worth $104,000 after buying an additional 35 shares during the last quarter. Financial Architects Inc lifted its holdings in Alleghany Corporation by 2.9% during the 2nd quarter. Financial Architects Inc now owns 175 shares of the insurance provider’s stock worth $104,000 after buying an additional 5 shares during the last quarter. Point72 Asia Hong Kong Ltd lifted its holdings in Alleghany Corporation by 2,150.0% during the 1st 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 during the last quarter. Finally, YorkBridge Wealth Partners LLC lifted its holdings in Alleghany Corporation by 1.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 206 shares of the insurance provider’s stock worth $124,000 after buying an additional 3 shares during the last quarter. 81.82% of the stock is owned by institutional investors.
Shares of Alleghany Corporation (NYSE:Y) traded up 3.35% during midday trading on Friday, reaching $540.73. The company had a trading volume of 186,883 shares. Alleghany Corporation has a 52-week low of $510.52 and a 52-week high of $667.19. The stock has a market capitalization of $8.34 billion, a PE ratio of 17.52 and a beta of 0.95. The company’s 50 day moving average price is $586.13 and its 200 day moving average price is $601.72.
Alleghany Corporation (NYSE:Y) last released its earnings results on Thursday, August 3rd. The insurance provider reported $6.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $8.10 by $1.73. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.39 billion. Alleghany Corporation had a net margin of 7.74% and a return on equity of 5.70%. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $4.99 EPS. Equities research analysts expect that Alleghany Corporation will post $28.17 earnings per share for the current year.
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Alleghany Corporation 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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