Zacks: Alleghany Co. (Y) Given Consensus Recommendation of “Strong Buy” by Analysts

Alleghany Co. (NYSE:Y) has received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 12-month consensus price target of $650.00 for the company and are anticipating that the company will post $7.74 EPS for the current quarter, according to Zacks. Zacks has also given Alleghany an industry rank of 172 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research reaffirmed a “sell” rating on shares of Alleghany in a research note on Saturday, November 17th.

In other Alleghany news, Director William K. Lavin sold 528 shares of Alleghany stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $622.84, for a total transaction of $328,859.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 4.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Qube Research & Technologies Ltd purchased a new position in shares of Alleghany during the 2nd quarter worth $106,000. Simplex Trading LLC purchased a new position in shares of Alleghany during the 3rd quarter worth $190,000. Gardner Russo & Gardner LLC purchased a new position in shares of Alleghany during the 3rd quarter worth $211,000. HPM Partners LLC purchased a new position in shares of Alleghany during the 2nd quarter worth $215,000. Finally, Miracle Mile Advisors LLC purchased a new position in shares of Alleghany during the 3rd quarter worth $222,000. Institutional investors and hedge funds own 81.46% of the company’s stock.

Alleghany stock traded up $11.78 during trading on Friday, reaching $621.02. The company had a trading volume of 595 shares, compared to its average volume of 66,750. Alleghany has a 1-year low of $558.50 and a 1-year high of $659.88. The stock has a market capitalization of $9.25 billion, a P/E ratio of 305.39 and a beta of 0.85. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.29 and a current ratio of 0.29.

Alleghany (NYSE:Y) last released its quarterly earnings results on Thursday, November 1st. The insurance provider reported ($1.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.50 by ($4.57). Alleghany had a net margin of 12.34% and a return on equity of 5.42%. The company had revenue of $1.35 billion during the quarter. Sell-side analysts predict that Alleghany will post 27.95 EPS for the current year.

Alleghany Company Profile

Alleghany Corporation provides property and casualty reinsurance and insurance products in the United States and internationally. The company operates in two segments, Reinsurance and Insurance. The Reinsurance segment offers property reinsurance products, including fire, allied lines, auto physical damage, and homeowners multiple peril reinsurance products; and casualty and other reinsurance products, such as liability, medical malpractice, ocean marine and aviation, auto liability, accident and health, surety, and credit reinsurance products.

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