Alleghany Corp DEL Stock Hits New 52-Week High (Y)

NEW YORK ( TheStreet) -- Alleghany Corp DEL (Nasdaq: Y) hit a new 52-week high Wednesday as it is currently trading at $339.88, above its previous 52-week high of $339.80 with 6,376 shares traded as of 11:47 a.m. ET. Average volume has been 125,400 shares over the past 30 days.

Alleghany Corp DEL has a market cap of $5.69 billion and is part of the financial sector and insurance industry. Shares are up 18.7% year to date as of the close of trading on Tuesday.

Alleghany Corporation, through its subsidiaries, engages in the property and casualty, and surety insurance business in the United States. The company has a P/E ratio of 20.8, equal to the average insurance industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Alleghany Corp DEL as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Alleghany Corp DEL Ratings Report.

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