Brokerages Expect Alleghany Corporation (Y) to Announce $8.24 EPS

Shares of Alleghany Corporation (NYSE:Y) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Zacks has also given Alleghany Corporation an industry rank of 232 out of 265 based on the ratings given to related companies.

Separately, BidaskClub upgraded Alleghany Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th.

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In related news, Director William K. Lavin sold 321 shares of Alleghany Corporation stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $582.50, for a total value of $186,982.50. Following the transaction, the director now directly owns 2,499 shares in the company, valued at approximately $1,455,667.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.04% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Alleghany Corporation during the first quarter valued at approximately $1,130,000. Point72 Asia Hong Kong Ltd boosted its stake in shares of Alleghany Corporation by 2,150.0% in the first quarter. Point72 Asia Hong Kong Ltd now owns 180 shares of the insurance provider’s stock valued at $111,000 after buying an additional 172 shares during the period. Janus Capital Management LLC boosted its stake 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 buying an additional 34,100 shares during the period. IHT Wealth Management LLC boosted its stake in shares of Alleghany Corporation by 9.3% in the first quarter. IHT Wealth Management LLC now owns 165 shares of the insurance provider’s stock valued at $101,000 after buying an additional 14 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake 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 buying an additional 117 shares during the period. 81.41% of the stock is owned by institutional investors and hedge funds.

Shares of Alleghany Corporation (NYSE:Y) traded up 1.67% during mid-day trading on Tuesday, hitting $607.66. The stock had a trading volume of 102,378 shares. The firm has a market cap of $9.37 billion, a P/E ratio of 20.76 and a beta of 0.92. Alleghany Corporation has a 12-month low of $510.25 and a 12-month high of $667.19. The company has a 50 day moving average price of $588.53 and a 200 day moving average price of $608.80.

Alleghany Corporation Company Profile

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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