Alleghany Co. (Y) Expected to Post FY2018 Earnings of $31.35 Per Share

Alleghany Co. (NYSE:Y) – Investment analysts at Langen Mcalenn lifted their FY2018 earnings per share estimates for shares of Alleghany in a note issued to investors on Tuesday. Langen Mcalenn analyst L. Greenberg now anticipates that the insurance provider will post earnings of $31.35 per share for the year, up from their prior estimate of $28.30.

Separately, Zacks Investment Research downgraded Alleghany from a “strong-buy” rating to a “hold” rating in a report on Saturday, January 6th.

Alleghany (Y) traded down $3.91 during trading on Friday, reaching $589.73. The company’s stock had a trading volume of 126,000 shares, compared to its average volume of 78,733. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.18. Alleghany has a twelve month low of $521.07 and a twelve month high of $667.19. The company has a market capitalization of $9,110.00, a P/E ratio of 1,438.37 and a beta of 0.96.

Alleghany (NYSE:Y) last announced its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($22.03) EPS for the quarter, topping the Zacks’ consensus estimate of ($28.83) by $6.80. Alleghany had a negative return on equity of 0.14% and a net margin of 0.10%. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the previous year, the firm earned $10.09 EPS.

A number of institutional investors and hedge funds have recently modified their holdings of Y. Victory Capital Management Inc. increased its position in Alleghany by 16.9% in the third quarter. Victory Capital Management Inc. now owns 428,041 shares of the insurance provider’s stock worth $237,139,000 after buying an additional 61,867 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Alleghany by 2,214.9% during the second quarter. Janus Henderson Group PLC now owns 49,956 shares of the insurance provider’s stock worth $29,713,000 after purchasing an additional 47,798 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Alleghany by 2.6% during the second quarter. Vanguard Group Inc. now owns 1,265,276 shares of the insurance provider’s stock worth $752,586,000 after purchasing an additional 32,388 shares in the last quarter. PGGM Investments grew its position in shares of Alleghany by 215.4% during the third quarter. PGGM Investments now owns 39,710 shares of the insurance provider’s stock worth $22,000,000 after purchasing an additional 27,121 shares in the last quarter. Finally, Findlay Park Partners LLP grew its position in shares of Alleghany by 10.5% during the third quarter. Findlay Park Partners LLP now owns 223,371 shares of the insurance provider’s stock worth $123,750,000 after purchasing an additional 21,229 shares in the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.

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Alleghany 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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