Shares of Alleghany Corporation (NYSE:Y) have earned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 12-month consensus target price of $625.00 for the company and are expecting that the company will post $7.58 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Alleghany an industry rank of 193 out of 265 based on the ratings given to its competitors.

Y has been the topic of a number of recent research reports. Zacks Investment Research raised Alleghany from a “hold” rating to a “strong-buy” rating and set a $639.00 price target on the stock in a research report on Tuesday, November 28th. BidaskClub downgraded Alleghany from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Finally, JMP Securities raised Alleghany from a “market perform” rating to an “outperform” rating and set a $625.00 price target on the stock in a research report on Monday, September 11th.

Alleghany (Y) opened at $578.36 on Wednesday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.18. Alleghany has a 12-month low of $521.07 and a 12-month high of $667.19.

Alleghany (NYSE:Y) last posted its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($22.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($28.83) by $6.80. Alleghany had a negative return on equity of 0.14% and a net margin of 0.10%. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the company earned $10.09 EPS. research analysts predict that Alleghany will post -0.24 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Toronto Dominion Bank lifted its stake in shares of Alleghany by 11.8% during the 2nd quarter. Toronto Dominion Bank now owns 189 shares of the insurance provider’s stock worth $112,000 after purchasing an additional 20 shares during the last quarter. Zions Bancorporation lifted its stake in shares of Alleghany by 3,940.0% during the 3rd quarter. Zions Bancorporation now owns 202 shares of the insurance provider’s stock worth $112,000 after purchasing an additional 197 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its stake in shares of Alleghany 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 purchasing an additional 3 shares during the last quarter. Fiduciary Trust Co. purchased a new stake in shares of Alleghany during the 2nd quarter worth $164,000. Finally, Pacer Advisors Inc. lifted its stake in shares of Alleghany by 9.7% during the 2nd quarter. Pacer Advisors Inc. now owns 327 shares of the insurance provider’s stock worth $194,000 after purchasing an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 82.16% of the company’s stock.

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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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