Zacks: Alleghany Co. (Y) Receives Consensus Rating of “Strong Buy” from Analysts

Alleghany Co. (NYSE:Y) has received a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.

Brokers have set a 1 year consensus price objective of $625.00 for the company and are forecasting that the company will post $7.58 earnings per share for the current quarter, according to Zacks. Zacks has also given Alleghany an industry rank of 44 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research downgraded shares of Alleghany from a “strong-buy” rating to a “hold” rating in a report on Saturday, January 6th.

Large investors have recently made changes to their positions in the stock. Toronto Dominion Bank lifted its holdings in shares of Alleghany by 11.8% in the 2nd quarter. Toronto Dominion Bank now owns 189 shares of the insurance provider’s stock valued at $112,000 after acquiring an additional 20 shares during the last quarter. Zions Bancorporation lifted its holdings in shares of Alleghany by 3,940.0% in the 3rd quarter. Zions Bancorporation now owns 202 shares of the insurance provider’s stock valued at $112,000 after acquiring an additional 197 shares during the last quarter. Fiduciary Trust Co. bought a new position in shares of Alleghany in the 4th quarter valued at about $201,000. Numeric Investors LLC bought a new position in shares of Alleghany in the 2nd quarter valued at about $268,000. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Alleghany by 16.7% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 700 shares of the insurance provider’s stock valued at $389,000 after acquiring an additional 100 shares during the last quarter. 80.99% of the stock is owned by hedge funds and other institutional investors.

Alleghany (Y) opened at $594.80 on Tuesday. Alleghany has a 1-year low of $521.07 and a 1-year high of $667.19. The company has a market cap of $9,510.39, a PE ratio of -4,575.38 and a beta of 0.94. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.18.

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About Alleghany

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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