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

Alleghany Co. (NYSE:Y) has been given a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a one year consensus price target of $625.00 for the company and are anticipating that the company will post $7.58 EPS for the current quarter, according to Zacks. Zacks has also assigned Alleghany an industry rank of 53 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research upgraded shares of Alleghany from a “hold” rating to a “strong-buy” rating and set a $683.00 price target on the stock in a research report on Sunday, January 21st.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Swiss National Bank increased its position in shares of Alleghany by 0.9% during the third quarter. Swiss National Bank now owns 56,800 shares of the insurance provider’s stock valued at $31,468,000 after buying an additional 500 shares during the period. Sei Investments Co. increased its position in shares of Alleghany by 29.5% during the third quarter. Sei Investments Co. now owns 10,427 shares of the insurance provider’s stock valued at $5,248,000 after buying an additional 2,378 shares during the period. Victory Capital Management Inc. increased its position in shares of Alleghany by 16.9% during the third quarter. Victory Capital Management Inc. now owns 428,041 shares of the insurance provider’s stock valued at $237,139,000 after buying an additional 61,867 shares during the period. Findlay Park Partners LLP increased its position in shares of Alleghany by 10.5% during the third quarter. Findlay Park Partners LLP now owns 223,371 shares of the insurance provider’s stock valued at $123,750,000 after buying an additional 21,229 shares during the period. Finally, Parametrica Management Ltd increased its position in shares of Alleghany by 33.3% during the third quarter. Parametrica Management Ltd now owns 800 shares of the insurance provider’s stock valued at $443,000 after buying an additional 200 shares during the period. Institutional investors own 81.99% of the company’s stock.

Alleghany (NYSE Y) traded down $6.79 during mid-day trading on Thursday, hitting $589.09. 53,865 shares of the company’s stock were exchanged, compared to its average volume of 75,846. Alleghany has a 12-month low of $521.07 and a 12-month high of $667.19. The stock has a market capitalization of $9,170.58, a PE ratio of -4,539.69 and a beta of 0.94. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.27 and a quick ratio of 0.27.

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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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