News headlines about Alleghany (NYSE:Y) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Alleghany earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned headlines about the insurance provider an impact score of 45.7128916224562 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the headlines that may have impacted Accern’s scoring:
Alleghany (NYSE:Y) traded down $0.59 on Tuesday, hitting $584.33. 63,518 shares of the stock traded hands, compared to its average volume of 74,960. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.27 and a quick ratio of 0.27. Alleghany has a 1 year low of $521.07 and a 1 year high of $667.19. The stock has a market capitalization of $9,001.90, a PE ratio of -4,494.85 and a beta of 0.96.
Alleghany (NYSE:Y) last released its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($22.03) earnings per share for the quarter, beating the consensus estimate of ($28.83) by $6.80. Alleghany had a net margin of 0.10% and a negative return on equity of 0.14%. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the previous year, the company earned $10.09 earnings per share. equities analysts predict that Alleghany will post -0.24 earnings per share for the current year.
Separately, Zacks Investment Research cut shares of Alleghany from a “strong-buy” rating to a “hold” rating in a report on Saturday, January 6th.
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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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