Alleghany (Y) Releases Earnings Results, Beats Estimates By $1.37 EPS

Alleghany (NYSE:Y) released its quarterly earnings results on Thursday. The insurance provider reported $9.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $8.41 by $1.37, Bloomberg Earnings reports. Alleghany had a return on equity of 1.12% and a net margin of 1.74%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the firm posted $6.37 EPS. Alleghany’s quarterly revenue was up 22.1% compared to the same quarter last year.

NYSE:Y opened at $629.66 on Friday. Alleghany has a fifty-two week low of $521.07 and a fifty-two week high of $639.42. The firm has a market cap of $9.62 billion, a P/E ratio of 307.91 and a beta of 0.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28.

In related news, Director William K. Lavin sold 293 shares of the stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $580.61, for a total transaction of $170,118.73. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.00% of the company’s stock.

Y has been the topic of several recent research reports. Zacks Investment Research lowered Alleghany from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 8th. ValuEngine upgraded Alleghany from a “hold” rating to a “buy” rating in a report on Thursday, July 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. Alleghany presently has an average rating of “Hold” and a consensus price target of $666.50.

About Alleghany

Alleghany Corporation provides property and casualty reinsurance and insurance products in the United States and internationally. The company operates in two segments, Reinsurance and Insurance. The Reinsurance segment offers property reinsurance products, including fire, allied lines, auto physical damage, and homeowners multiple peril reinsurance products; and casualty and other reinsurance products, such as liability, medical malpractice, ocean marine and aviation, auto liability, accident and health, surety, and credit reinsurance products.

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Earnings History for Alleghany (NYSE:Y)

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