Somewhat Positive Media Coverage Somewhat Unlikely to Affect Alleghany (NYSE:Y) Share Price

News coverage about Alleghany (NYSE:Y) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Alleghany earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned media coverage about the insurance provider an impact score of 46.2131204143497 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the news headlines that may have impacted Accern Sentiment’s analysis:

Shares of Alleghany (Y) traded down $6.64 during trading on Tuesday, reaching $578.36. 81,788 shares of the company’s stock traded hands, compared to its average volume of 51,194. Alleghany has a one year low of $521.07 and a one year high of $667.19. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.18.

Alleghany (NYSE:Y) last released its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($22.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($28.83) by $6.80. Alleghany had a net margin of 0.10% and a negative return on equity of 0.14%. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the business earned $10.09 EPS. equities research analysts forecast that Alleghany will post -0.24 earnings per share for the current fiscal year.

Several research firms recently commented on Y. Zacks Investment Research raised shares of Alleghany from a “sell” rating to a “hold” rating in a research note on Monday, November 13th. JMP Securities upgraded shares of Alleghany from a “market perform” rating to an “outperform” rating and set a $625.00 target price on the stock in a report on Monday, September 11th. Finally, BidaskClub cut shares of Alleghany from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th.

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About Alleghany

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).

Insider Buying and Selling by Quarter for Alleghany (NYSE:Y)

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