Brokerages Expect Alleghany Corporation (Y) to Announce $7.27 Earnings Per Share
Shares of Alleghany Corporation (NYSE:Y) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Zacks has also given Alleghany Corporation an industry rank of 189 out of 265 based on the ratings given to related companies.
A number of equities research analysts recently commented on the company. BidaskClub raised Alleghany Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Zacks Investment Research lowered Alleghany Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Credit Suisse Group reissued a “hold” rating on shares of Alleghany Corporation in a research report on Tuesday, July 11th.
Alleghany Corporation (NYSE Y) opened at 585.99 on Wednesday. The firm has a market capitalization of $9.04 billion, a P/E ratio of 18.98 and a beta of 0.92. Alleghany Corporation has a one year low of $510.52 and a one year high of $667.19. The company’s 50-day moving average is $603.35 and its 200-day moving average is $608.36.
Alleghany Corporation (NYSE:Y) last issued its earnings results on Thursday, August 3rd. The insurance provider reported $6.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.10 by $1.73. Alleghany Corporation had a return on equity of 5.70% and a net margin of 7.74%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the business earned $4.99 earnings per share. Alleghany Corporation’s revenue for the quarter was down 1.8% on a year-over-year basis. Equities analysts forecast that Alleghany Corporation will post $28.17 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in Y. IHT Wealth Management LLC raised its stake in shares of Alleghany Corporation by 9.3% in the first quarter. IHT Wealth Management LLC now owns 165 shares of the insurance provider’s stock valued at $101,000 after buying an additional 14 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of Alleghany Corporation by 26.1% in the first quarter. Toronto Dominion Bank now owns 169 shares of the insurance provider’s stock valued at $104,000 after buying an additional 35 shares in the last quarter. Financial Architects Inc raised its stake in shares of Alleghany Corporation by 2.9% in the second quarter. Financial Architects Inc now owns 175 shares of the insurance provider’s stock valued at $104,000 after buying an additional 5 shares in the last quarter. Point72 Asia Hong Kong Ltd raised its stake in shares of Alleghany Corporation by 2,150.0% in the first quarter. Point72 Asia Hong Kong Ltd now owns 180 shares of the insurance provider’s stock valued at $111,000 after buying an additional 172 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC raised its stake in shares of Alleghany Corporation 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. 81.69% of the stock is owned by institutional investors and hedge funds.
Alleghany Corporation Company Profile
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).
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