Shares of Alleghany Co. (NYSE:Y) have earned a consensus rating of “Hold” from the six analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $700.00.
Y has been the subject of several analyst reports. Deutsche Bank initiated coverage on Markel in a report on Thursday, May 23rd. They set a “hold” rating and a $1,000.00 price target for the company. Royal Bank of Canada raised their price target on Victory Capital to $19.00 and gave the company an “outperform” rating in a report on Thursday, May 16th. Zacks Investment Research downgraded Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. JMP Securities increased their price objective on Pegasystems from $72.00 to $81.00 and gave the company a “market outperform” rating in a research report on Wednesday, May 8th. Finally, ValuEngine raised Alleghany from a “hold” rating to a “buy” rating in a research report on Friday, April 19th.
In other news, Director William K. Lavin sold 286 shares of Alleghany stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $665.24, for a total transaction of $190,258.64. Following the transaction, the director now directly owns 2,295 shares of the company’s stock, valued at approximately $1,526,725.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Phillip M. Martineau sold 559 shares of Alleghany stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $684.53, for a total value of $382,652.27. Following the transaction, the director now directly owns 3,214 shares in the company, valued at $2,200,079.42. The disclosure for this sale can be found here. 3.44% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Barrett Asset Management LLC increased its stake in Alleghany by 50.0% in the 1st quarter. Barrett Asset Management LLC now owns 75 shares of the insurance provider’s stock worth $46,000 after acquiring an additional 25 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new stake in Alleghany in the 1st quarter worth approximately $59,000. Marshall Wace North America L.P. bought a new stake in Alleghany in the 1st quarter worth approximately $61,000. Quadrant Capital Group LLC increased its stake in Alleghany by 730.8% in the 1st quarter. Quadrant Capital Group LLC now owns 108 shares of the insurance provider’s stock worth $64,000 after acquiring an additional 95 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in Alleghany in the 1st quarter worth approximately $102,000. 81.94% of the stock is currently owned by institutional investors.
Y stock traded down $3.37 on Friday, reaching $699.90. The company’s stock had a trading volume of 2,706 shares, compared to its average volume of 98,532. The company has a fifty day moving average price of $686.57. Alleghany has a 12-month low of $574.42 and a 12-month high of $714.60. The stock has a market capitalization of $10.16 billion, a price-to-earnings ratio of 43.42 and a beta of 0.68. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.20.
Alleghany (NYSE:Y) last posted its quarterly earnings data on Tuesday, May 7th. The insurance provider reported $9.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.51 by $0.15. The business had revenue of $2.32 billion during the quarter. Alleghany had a return on equity of 2.53% and a net margin of 4.04%. Alleghany’s revenue for the quarter was up 46.4% compared to the same quarter last year. During the same quarter last year, the company posted $11.24 EPS. On average, equities analysts expect that Alleghany will post 37.38 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 three segments: Reinsurance, Insurance, and Alleghany Capital. The Reinsurance segment offers fire, allied lines, auto physical damage, and homeowners multiple peril reinsurance products; and casualty and other reinsurance products, such as medical malpractice, ocean marine and aviation, accident and health, mortgage, surety, and credit reinsurance products, as well as directors' and officers', errors and omissions, general, and auto liability reinsurance.
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