Alleghany Corp. (NYSE:Y) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $551.87 and last traded at $548.71, with a volume of 14,056 shares changing hands. The stock had previously closed at $548.03.

Separately, Citigroup Inc. raised shares of Alleghany Corp. from a “neutral” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Thursday, June 16th.

The stock has a 50-day moving average of $535.04 and a 200 day moving average of $499.63. The firm has a market capitalization of $8.46 billion and a PE ratio of 14.70.

Alleghany Corp. (NYSE:Y) last posted its quarterly earnings results on Thursday, May 5th. The company reported $9.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.58 by $1.74. During the same quarter in the prior year, the business earned $7.82 EPS. The firm earned $1.48 billion during the quarter, compared to the consensus estimate of $1.15 billion. Equities analysts forecast that Alleghany Corp. will post $30.37 EPS for the current year.

In related news, Director William K. Lavin sold 336 shares of Alleghany Corp. stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $520.51, for a total value of $174,891.36. Following the sale, the director now owns 2,298 shares of the company’s stock, valued at approximately $1,196,131.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Other hedge funds and institutional investors recently bought and sold shares of the company. Hunter Associates inc. increased its position in shares of Alleghany Corp. by 0.3% in the fourth quarter. Hunter Associates inc. now owns 3,410 shares of the company’s stock valued at $1,630,000 after buying an additional 10 shares in the last quarter. Gulf International Bank UK Ltd increased its position in shares of Alleghany Corp. by 0.3% in the fourth quarter. Gulf International Bank UK Ltd now owns 4,843 shares of the company’s stock valued at $2,315,000 after buying an additional 15 shares in the last quarter. Rhumbline Advisers increased its position in shares of Alleghany Corp. by 0.5% in the fourth quarter. Rhumbline Advisers now owns 24,045 shares of the company’s stock valued at $11,492,000 after buying an additional 127 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Alleghany Corp. by 5.4% in the fourth quarter. ProShare Advisors LLC now owns 3,996 shares of the company’s stock valued at $1,910,000 after buying an additional 206 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of Alleghany Corp. by 1.0% in the fourth quarter. Swiss National Bank now owns 28,900 shares of the company’s stock valued at $13,812,000 after buying an additional 300 shares in the last quarter.

Alleghany Corporation owns and manages its subsidiaries and investments in the property and casualty reinsurance and insurance business. The Company operates through two segments: reinsurance and insurance. The Company’s reinsurance segment consists of the reinsurance operations of its subsidiary Transatlantic Holdings, Inc and its reinsurance operating subsidiaries.

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