Alleghany Co. (NYSE:Y) has been given 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 equities research analysts have rated the stock with a strong buy recommendation.

Analysts have set a 12 month consensus target price of $625.00 for the company and are predicting 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 98 out of 265 based on the ratings given to its competitors.

Several research firms have recently weighed in on Y. Zacks Investment Research upgraded Alleghany from a “sell” rating to a “hold” rating in a research note on Monday, November 13th. JMP Securities upgraded Alleghany from a “market perform” rating to an “outperform” rating and set a $625.00 price objective on the stock in a research note on Monday, September 11th.

Several institutional investors and hedge funds have recently made changes to their positions in Y. Toronto Dominion Bank boosted 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 worth $112,000 after acquiring an additional 20 shares in the last quarter. Zions Bancorporation lifted its holdings in Alleghany by 3,940.0% during the 3rd quarter. Zions Bancorporation now owns 202 shares of the insurance provider’s stock worth $112,000 after buying an additional 197 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its holdings in Alleghany by 1.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 206 shares of the insurance provider’s stock worth $124,000 after buying an additional 3 shares in the last quarter. Fiduciary Trust Co. acquired a new position in Alleghany during the 2nd quarter worth $164,000. Finally, Pacer Advisors Inc. lifted its holdings in Alleghany by 9.7% during the 2nd quarter. Pacer Advisors Inc. now owns 327 shares of the insurance provider’s stock worth $194,000 after buying an additional 29 shares in the last quarter. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of Alleghany (NYSE:Y) traded down $0.51 on Friday, reaching $596.09. The company had a trading volume of 93,038 shares, compared to its average volume of 84,257. Alleghany has a 1 year low of $521.07 and a 1 year high of $667.19. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $9,181.66, a price-to-earnings ratio of -4,585.31 and a beta of 0.96.

Alleghany (NYSE:Y) last released its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($22.03) earnings per share for the quarter, beating the consensus estimate of ($28.83) by $6.80. Alleghany had a negative return on equity of 0.14% and a net margin of 0.10%. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the company posted $10.09 EPS. equities research analysts expect that Alleghany will post -0.24 earnings per share for the current fiscal year.

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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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