Alleghany Corp. (NYSE:Y)’s share price reached a new 52-week high on Friday . The company traded as high as $553.48 and last traded at $551.89, with a volume of 37,103 shares. The stock had previously closed at $546.13.

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

The stock has a 50 day moving average price of $536.45 and a 200 day moving average price of $502.97. The company has a market cap of $8.52 billion and a P/E ratio of 14.81.

Alleghany Corp. (NYSE:Y) last issued its quarterly earnings data on Thursday, May 5th. The company reported $9.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $7.58 by $1.74. During the same quarter last year, the business earned $7.82 earnings per share. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.15 billion. On average, equities analysts forecast that Alleghany Corp. will post $29.80 earnings per share for the current year.

In other news, Director William K. Lavin sold 336 shares of the firm’s stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of $520.51, for a total transaction of $174,891.36. Following the completion of the transaction, the director now directly owns 2,298 shares in the company, valued at $1,196,131.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

A number of large investors have modified their holdings of the company. Russell Frank Co increased 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 worth $3,038,000 after buying an additional 1,467 shares during the last quarter. Suntrust Banks Inc. increased its stake in shares of Alleghany Corp. by 396.2% in the fourth quarter. Suntrust Banks Inc. now owns 2,838 shares of the company’s stock worth $1,356,000 after buying an additional 2,266 shares during the last quarter. Gulf International Bank UK Ltd increased 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 worth $2,315,000 after buying an additional 15 shares during the last quarter. TD Asset Management Inc. increased its stake in shares of Alleghany Corp. by 766.0% in the fourth quarter. TD Asset Management Inc. now owns 10,175 shares of the company’s stock worth $4,863,000 after buying an additional 9,000 shares during the last quarter. Finally, Morgan Stanley increased its stake in shares of Alleghany Corp. by 52.9% in the fourth quarter. Morgan Stanley now owns 51,908 shares of the company’s stock worth $24,809,000 after buying an additional 17,962 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.