$10.25 EPS Expected for Alleghany Co. (NYSE:Y) This Quarter

Wall Street brokerages expect Alleghany Co. (NYSE:Y) to announce $10.25 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Alleghany’s earnings, with the lowest EPS estimate coming in at $9.47 and the highest estimate coming in at $11.02. Alleghany reported earnings per share of ($4.35) during the same quarter last year, which suggests a positive year over year growth rate of 335.6%. The company is scheduled to report its next quarterly earnings results on Wednesday, February 19th.

On average, analysts expect that Alleghany will report full year earnings of $39.93 per share for the current fiscal year, with EPS estimates ranging from $39.16 to $40.70. For the next year, analysts anticipate that the company will post earnings of $45.23 per share, with EPS estimates ranging from $45.20 to $45.25. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Alleghany.

Alleghany (NYSE:Y) last released its earnings results on Tuesday, November 5th. The insurance provider reported $7.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $6.08 by $1.53. Alleghany had a net margin of 1.43% and a return on equity of 4.36%. The company had revenue of $1.53 billion for the quarter. During the same period in the prior year, the business posted $7.61 EPS.

A number of equities research analysts have issued reports on Y shares. Zacks Investment Research lowered shares of Alleghany from a “hold” rating to a “sell” rating and set a $824.00 price target on the stock. in a report on Saturday, November 16th. JMP Securities raised their price target on shares of Alleghany from $775.00 to $875.00 and gave the stock an “outperform” rating in a report on Tuesday, October 1st. Deutsche Bank raised shares of Alleghany from a “hold” rating to a “buy” rating and raised their price target for the stock from $735.00 to $900.00 in a report on Wednesday, September 4th. Credit Suisse Group set a $61.00 price target on shares of Alleghany and gave the stock a “hold” rating in a report on Friday, August 30th. Finally, ValuEngine lowered shares of Alleghany from a “hold” rating to a “sell” rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $665.00.

A number of hedge funds and other institutional investors have recently modified their holdings of Y. Nuveen Asset Management LLC purchased a new position in Alleghany in the second quarter worth about $58,571,000. Prudential Financial Inc. raised its holdings in Alleghany by 453.6% in the second quarter. Prudential Financial Inc. now owns 50,265 shares of the insurance provider’s stock worth $34,236,000 after buying an additional 41,185 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Alleghany by 58.2% in the second quarter. Renaissance Technologies LLC now owns 74,788 shares of the insurance provider’s stock worth $50,939,000 after buying an additional 27,500 shares during the last quarter. First Trust Advisors LP raised its holdings in Alleghany by 692.4% in the third quarter. First Trust Advisors LP now owns 23,431 shares of the insurance provider’s stock worth $18,692,000 after buying an additional 20,474 shares during the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of Alleghany by 20.5% during the second quarter. California Public Employees Retirement System now owns 114,739 shares of the insurance provider’s stock valued at $78,150,000 after purchasing an additional 19,522 shares during the last quarter. 81.09% of the stock is owned by institutional investors.

Shares of Y stock traded up $8.82 on Wednesday, hitting $779.27. 54,457 shares of the company’s stock traded hands, compared to its average volume of 72,659. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.32 and a current ratio of 0.32. Alleghany has a one year low of $577.59 and a one year high of $808.50. The company’s fifty day simple moving average is $774.87 and its 200 day simple moving average is $736.41. The stock has a market capitalization of $11.23 billion, a price-to-earnings ratio of 48.31 and a beta of 0.59.

Alleghany Company Profile

Alleghany Corporation provides property and casualty reinsurance and insurance products in the United States and internationally. The company operates in three segments: Reinsurance, Insurance, and Alleghany Capital. The Reinsurance segment offers fire, allied lines, auto physical damage, and homeowners multiple peril reinsurance products; and casualty and other reinsurance products, such as medical malpractice, ocean marine and aviation, accident and health, mortgage, surety, and credit reinsurance products, as well as directors' and officers', errors and omissions, general, and auto liability reinsurance.

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Earnings History and Estimates for Alleghany (NYSE:Y)

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