Alleghany Corporation (NYSE:Y) has been assigned 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 investment analysts have rated the stock with a strong buy recommendation.

Analysts have set a 12 month consensus price target of $625.00 for the company and are forecasting that the company will post $7.81 EPS for the current quarter, according to Zacks. Zacks has also assigned Alleghany Corporation an industry rank of 244 out of 265 based on the ratings given to its competitors.

Y has been the topic of several analyst reports. Credit Suisse Group reissued a “hold” rating on shares of Alleghany Corporation in a research report on Tuesday, July 11th. BidaskClub downgraded shares of Alleghany Corporation from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. Zacks Investment Research downgraded shares of Alleghany Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, JMP Securities raised shares of Alleghany Corporation from a “market perform” rating to an “outperform” rating and set a $625.00 target price on the stock in a research report on Monday, September 11th.

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Alleghany Corporation (NYSE:Y) opened at $583.68 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.18. Alleghany Corporation has a 1 year low of $521.07 and a 1 year high of $667.19.

Alleghany Corporation (NYSE:Y) last posted its earnings results on Thursday, November 2nd. The insurance provider reported ($22.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($28.83) by $6.80. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.36 billion. Alleghany Corporation had a net margin of 7.74% and a return on equity of 5.70%. During the same period in the prior year, the business posted $10.09 earnings per share. equities analysts expect that Alleghany Corporation will post -7.45 earnings per share for the current year.

Several large investors have recently modified their holdings of Y. FMR LLC grew its position in shares of Alleghany Corporation by 3.8% in the first quarter. FMR LLC now owns 12,831 shares of the insurance provider’s stock valued at $7,887,000 after purchasing an additional 465 shares during the last quarter. Teachers Advisors LLC grew its position in shares of Alleghany Corporation by 5.8% in the first quarter. Teachers Advisors LLC now owns 17,830 shares of the insurance provider’s stock valued at $10,959,000 after purchasing an additional 982 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in shares of Alleghany Corporation by 117.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 217 shares of the insurance provider’s stock valued at $133,000 after purchasing an additional 117 shares during the last quarter. Janus Capital Management LLC grew its position in shares of Alleghany Corporation by 454.7% in the first quarter. Janus Capital Management LLC now owns 41,600 shares of the insurance provider’s stock valued at $25,570,000 after purchasing an additional 34,100 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Alleghany Corporation in the first quarter valued at about $1,130,000. 81.39% of the stock is currently owned by institutional investors.

About Alleghany Corporation

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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