Shares of Alleghany Co. (NYSE:Y) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokers have set a 1-year consensus price objective of $650.00 for the company and are predicting that the company will post $8.71 earnings per share for the current quarter, according to Zacks. Zacks has also given Alleghany an industry rank of 76 out of 255 based on the ratings given to related companies.
Y has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of Alleghany from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 8th. ValuEngine upgraded shares of Alleghany from a “hold” rating to a “buy” rating in a report on Thursday, July 26th.
Shares of Y stock opened at $644.06 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market cap of $9.33 billion, a price-to-earnings ratio of 315.72 and a beta of 0.90. Alleghany has a 52 week low of $529.81 and a 52 week high of $646.55.
Alleghany (NYSE:Y) last announced its earnings results on Thursday, August 2nd. The insurance provider reported $9.78 EPS for the quarter, topping the consensus estimate of $8.41 by $1.37. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.48 billion. Alleghany had a net margin of 4.48% and a return on equity of 3.51%. The business’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period last year, the company posted $6.37 EPS. analysts forecast that Alleghany will post 38 EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio grew its stake in shares of Alleghany by 11.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,029 shares of the insurance provider’s stock worth $4,041,000 after acquiring an additional 702 shares in the last quarter. WINTON GROUP Ltd grew its stake in shares of Alleghany by 120.9% during the 2nd quarter. WINTON GROUP Ltd now owns 11,853 shares of the insurance provider’s stock worth $6,815,000 after acquiring an additional 6,488 shares in the last quarter. Andra AP fonden grew its stake in shares of Alleghany by 3.3% during the 2nd quarter. Andra AP fonden now owns 9,400 shares of the insurance provider’s stock worth $5,405,000 after acquiring an additional 300 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of Alleghany by 17.8% during the 2nd quarter. California Public Employees Retirement System now owns 45,748 shares of the insurance provider’s stock worth $26,304,000 after acquiring an additional 6,909 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in shares of Alleghany during the 2nd quarter worth approximately $106,000. 82.25% of the stock is owned by institutional investors.
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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