Alleghany Co. (NYSE:Y) has been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Analysts have set a 1 year consensus target price of $625.00 for the company and are forecasting that the company will post $7.58 EPS for the current quarter, according to Zacks. Zacks has also given Alleghany an industry rank of 52 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded shares of Alleghany from a “sell” rating to a “hold” rating in a research report on Monday, November 13th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in Alleghany by 2.4% in the fourth quarter. BlackRock Inc. now owns 1,457,806 shares of the insurance provider’s stock worth $868,985,000 after acquiring an additional 34,808 shares during the period. Boston Partners raised its position in Alleghany by 17.1% in the fourth quarter. Boston Partners now owns 764,977 shares of the insurance provider’s stock worth $455,995,000 after acquiring an additional 111,698 shares during the period. First Eagle Investment Management LLC raised its position in Alleghany by 1.8% in the third quarter. First Eagle Investment Management LLC now owns 666,629 shares of the insurance provider’s stock worth $369,319,000 after acquiring an additional 11,688 shares during the period. Franklin Resources Inc. raised its position in Alleghany by 2.3% in the fourth quarter. Franklin Resources Inc. now owns 661,912 shares of the insurance provider’s stock worth $394,559,000 after acquiring an additional 14,701 shares during the period. Finally, Victory Capital Management Inc. raised its position in Alleghany by 9.0% in the fourth quarter. Victory Capital Management Inc. now owns 466,581 shares of the insurance provider’s stock worth $278,124,000 after acquiring an additional 38,540 shares during the period. Institutional investors and hedge funds own 81.58% of the company’s stock.
Alleghany (NYSE:Y) opened at $588.09 on Thursday. The firm has a market cap of $9,050.00, a P/E ratio of 1,434.37 and a beta of 0.94. Alleghany has a 52-week low of $521.07 and a 52-week high of $667.19. 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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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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