Alleghany Corp. (NYSE:Y) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $553.48 and last traded at $551.89, with a volume of 37,103 shares trading hands. The stock had previously closed at $546.13.

Several equities research analysts recently issued reports on Y shares. Citigroup Inc. upgraded Alleghany Corp. from a “neutral” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Thursday, June 16th. Zacks Investment Research downgraded shares of Alleghany Corp. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 14th.

The stock has a market capitalization of $8.52 billion and a price-to-earnings ratio of 14.81. The company’s 50-day moving average is $536.45 and its 200 day moving average is $502.97.

Alleghany Corp. (NYSE:Y) last posted its quarterly earnings data on Thursday, May 5th. The company reported $9.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $7.58 by $1.74. During the same quarter last year, the business posted $7.82 EPS. The firm earned $1.48 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Analysts anticipate that Alleghany Corp. will post $29.80 EPS for the current year.

In other news, Director William K. Lavin sold 336 shares of the firm’s stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $520.51, for a total transaction of $174,891.36. Following the completion of the sale, the director now owns 2,298 shares in the company, valued at approximately $1,196,131.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Other large investors recently modified their holdings of the company. Hunter Associates inc. raised its stake 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 during the last quarter. Gulf International Bank UK Ltd raised its stake 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 during the last quarter. ProShare Advisors LLC raised its stake 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 during the last quarter. California Public Employees Retirement System raised its stake in shares of Alleghany Corp. by 1.7% in the fourth quarter. California Public Employees Retirement System now owns 46,600 shares of the company’s stock valued at $22,272,000 after buying an additional 800 shares during the last quarter. Finally, Russell Frank Co raised its stake in shares of Alleghany Corp. by 30.5% in the fourth quarter. Russell Frank Co now owns 6,275 shares of the company’s stock valued at $3,038,000 after buying an additional 1,467 shares during 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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