Analysts Set $625.00 Price Target for Alleghany Co. (Y)

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

Brokerages have set a 1-year consensus price objective 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 given Alleghany an industry rank of 50 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research raised shares of Alleghany from a “hold” rating to a “strong-buy” rating and set a $639.00 target price on the stock in a report on Tuesday, November 28th.

A number of large investors have recently made changes to their positions in Y. Toronto Dominion Bank increased its stake in Alleghany by 11.8% in the second quarter. Toronto Dominion Bank now owns 189 shares of the insurance provider’s stock valued at $112,000 after acquiring an additional 20 shares during the last quarter. Zions Bancorporation boosted its position in Alleghany by 3,940.0% in the third quarter. Zions Bancorporation now owns 202 shares of the insurance provider’s stock valued at $112,000 after buying an additional 197 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its position in Alleghany by 1.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 206 shares of the insurance provider’s stock valued at $124,000 after buying an additional 3 shares in the last quarter. Pacer Advisors Inc. boosted its position in Alleghany by 9.7% in the second quarter. Pacer Advisors Inc. now owns 327 shares of the insurance provider’s stock valued at $194,000 after buying an additional 29 shares in the last quarter. Finally, Investment Centers of America Inc. acquired a new stake in Alleghany in the second quarter valued at approximately $210,000. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of Alleghany (NYSE Y) traded down $0.93 on Friday, hitting $584.92. 89,328 shares of the stock traded hands, compared to its average volume of 66,954. Alleghany has a 12 month low of $521.07 and a 12 month high of $667.19. The company has a market capitalization of $9,001.92, a PE ratio of -4,499.38 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.27 and a quick ratio of 0.27.

Alleghany (NYSE:Y) last announced 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. Alleghany had a net margin of 0.10% and a negative return on equity of 0.14%. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the firm earned $10.09 earnings per share. sell-side analysts forecast that Alleghany will post -0.24 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The original version of this piece of content can be accessed at https://sportsperspectives.com/2018/01/14/analysts-set-625-00-price-target-for-alleghany-co-y.html.

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).

Get a free copy of the Zacks research report on Alleghany (Y)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Alleghany Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alleghany and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply